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The port of Alegre in Brazil has approved reducing the tax rate on sports betting, lotteries, and online gaming to 2%.

The port of Alegre in Brazil has approved reducing the tax rate on sports betting, lotteries, and online gaming to 2%.

The Porto Alegre City Council has approved a measure to reduce the Service Tax (ISSQN) related to sports betting, lotteries, and iGaming services to 2%.This amendment aims to position Porto Alegre as a growing hub in the gaming industry."By reducing taxes, Porto Alegre hopes to position itself as a

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Investment Attraction: Porto Alegre Approved the Reduction of the Tax on Sports Betting Services

Investment Attraction: Porto Alegre Approved the Reduction of the Tax on Sports Betting Services

The Brazilian city seeks to become a hub in the sector by creating jobs and boosting the local economy.Brazil.- The municipality of Porto Alegre approved a modification that reduces the tax rate from 5 to 2 percent on the Tax on Services of Any Nature (ISSQN, acronym in Portuguese) related to sports

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