Zona de Azar Brasil – Brazil: Bill Proposing an Increase from 12% to 20% on GGR Tax

Brazil.- October 30, 2024 www.zonadeazar.com Federal Deputy Cleber Verde (MDB-MA) introduced Bill No. 4034/2024 last Tuesday, October 24, which proposes raising the GGR (Gross Gaming Revenue) tax from 12% to 20% on betting houses in Brazil.

Cleber Verde’s aim is to amend the current law, established by Law No. 13.756/2018, to increase revenue for expanded investment in public policies.

According to the deputy, the change would create a multiplier effect across various sectors: “The investment of a larger amount of resources in initiatives aimed at reducing poverty and social inequality, promoting access to public healthcare, professional training, welfare, and, in general, social inclusion for the most vulnerable and impoverished population will contribute to economic development.”

Bill No. 4034/2024 is awaiting the decision of the Speaker of the House of Representatives to begin its legislative process.

Edited by: @_fonta www.zonadeazar.com