Brazil Introduced A New Tax Model For Gambling Business

The new tax model in brazil should ease the life of gambling business. Now gambling will pay the state not the percentage of turnover, but the percentage of gross collection (gross gaming revenue, or ggr). The approprite amendments were signed by president zhair bson. More russian and foreign news about casino read on our website!

The amendments are made to the law 13756 (chapter 30) and were approved by the chamber of brazil deputies in june. The law says that the proceeds will go to the deductions to schools will amount to 0.82%, and 95% – lottery operators. It is reported by the portal igaming business.

Earlier taxes in the amount of 3% settled from turnover.

Now brazil is located in the protracted process of regulating the rates system, the decision is postponed due to to sentince, go from the business licensing system to the concession system. Blonaru a year ago added betting on the agenda, signing a decree on the inclusion of sports rates in the portfolio of the investment partnership program and the nationwide privatization program.

Reduced tax collecting and in kenya – kenniat president signed a law on reducing tax rapid for bookmakers.