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The Brazilian government has recently introduced a temporary tax reform measure, proposing to raise the gambling tax rate from 12% to 18%. Together with income tax and local taxes, the overall tax burden for operators could approach 50%. This move has sparked strong backlash from the industry, with
Amid the excitement over the newly regulated betting market in Brazil, the industry is concerned that operators will face huge tax bills within the first year of legal online gambling.The licensed betting market in Brazil launched on 1 January, with a 12% tax rate on gross gaming revenue (GGR) for o
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