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Betting regulations in Brazil

5 days ago by Ktrinno
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211 views 1 reply |
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5 days ago

Guys I'm here to inform you that many of the casinos I used to play in here in Brazil had to leave, through a betting regulation law, the bookmakers that remained had to pay to regulate and it was no small amount of money, they had to shell out millions, with this the player has more guarantee of having his game reliable and where to complain if he feels injured by the bookmaker, The regulation of betting legislation makes activity safer in Brazil

Ordinances issued by the Ministry of Finance prevent money laundering, data theft and the involvement of minors, all to ensure greater security and compliance with the law.

But here comes the best part, the icing on the cake is that when you won on the platform your winnings were paid out in full, for example: you won R$ 100,000.00 reais, now they're yours and you have to pay the tax on the winnings that are rightfully yours, and the platform already pays it to be able to function, How does the bets tax work?

In addition to betting operators, punters are also subject to tax on their winnings. Law No. 14.790/2023 establishes that winnings received by bettors are subject to taxation at 15% of the net winnings, with the possibility of deducting losses accumulated over the course of the year, so dear friends, for this reason many players are stopping their betting, I'm still doing it and what do you think?

Edited by author 5 days ago
Automatic translation:
Ktrinno
3 days ago

Hi,

I expect someone from our external co-workers to get back to you. Someone local, so you get proper response. 😉

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