Congress Overturns Lula’s Vetoes: Ensuring Fairer Taxation for Sports Betting and Online Gambling

The National Congress of Brazil voted to overturn President Lula’s vetoes concerning the Income Tax (IR) on prizes from sports betting and online gambling. This move reinstates the original provisions of Law 14,790/2023, establishing annual tax collection and ensuring no tax is levied on amounts below the first exemption threshold of R$ 2,259.20. RETURNING TO … Continue reading Congress Overturns Lula’s Vetoes: Ensuring Fairer Taxation for Sports Betting and Online Gambling