According to the rapporteur, defining gross revenue depends on how each company structures its operation and involves factors such as bonuses, promotions and promotional credits, voided bets, and cost classification. In his view, taxing these amounts would make the tax base more vulnerable to manipulation by betting operators.
The senator included in his draft the creation of the so-called CIDE-Bets, a 15% contribution levied on bets placed on online platforms. This tax, with an estimated annual revenue of up to R$30 billion (US$5.5bn), is expected to remain in force until the Selective Tax provided for in the tax reform comes into operation.
Alessandro Vieira told the column that the betting sector “can bear more extensive taxation for encouraging addiction,” drawing a parallel with products such as cigarettes and alcohol, which have maintained high consumption even after tax increases. “The revenue impact of CIDE-Bets will not make the betting market unviable,” he said.
The Anti-Faction Bill was approved by the Senate and returned to the Chamber of Deputies. Lawmakers will review the text and may introduce further changes. The bill will then be sent to President Lula for approval or veto.
The Speaker of the Chamber, Hugo Motta, decided at a meeting with party leaders on Monday (15) that the House will postpone voting on the Anti-Faction Bill until next year.
Source: PlatôBR
