🇧🇷 🤬 Brazil: Government Proposes Taxing Betting Bonuses, Causing Outrage in the Industry

🇧🇷 🤬 Brazil: Government Proposes Taxing Betting Bonuses, Causing Outrage in the Industry

The Federal Ministry of Finance has proposed including betting bonuses in the calculation base for GGR (Net Betting Revenue), meaning they would be taxed as part of the platform's income. It’s important to remember that Brazil is a federal state, so each state has its own Ministry of Finance, but the federal one has the final say.

➡️ Bonuses are currently a key strategic tool for betting companies, used to attract new users and retain existing ones, offering promotions like welcome credits or birthday bonuses.

➡️ The problem: If a player uses a bonus and loses, the betting company does not make a profit. On the other hand, if the player wins, the bonus becomes a cost for the company, as it’s deducted from the available balance… and now, the government plans to tax these bonuses.

#news #Brazil #betting

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