See the amount collected from inspection fees per month:
January – R$6.8 million (US$1.22m)
February – R$7.1 million (US$1.28m)
March – R$7.3 million (US$1.31m)
April – R$9.3 million (US$1.67m)
In February, the Secretariat of Prizes and Betting (SPA), linked to the Ministry of Finance, published new rules for collecting the inspection fee that must be paid monthly by betting companies.
The amounts are applied according to the value ranges intended to cover the operating and maintenance expenses of the companies. The collection goes to the National Treasury
A target of the government to compensate for the setback in relation to the increase in the Tax on Financial Transactions (IOF), fixed-odds betting companies also generated a collection of R$2.22 billion (US$400m) with their concessions.
The data consider the most recent information from the SPA.
It is worth noting that the amount does not consider other forms of revenue applied to fixed-odds betting companies.
In total, according to the agency, 74 authorizations were granted so that bets can operate regularly in the country. The value of each grant is R$30 million (US$5.4m).
‘Bets’ in the government's sights
Last June 8th, the Minister of Finance Fernando Haddad announced a series of measures to compensate for the reduction in the IOF and, thus, make fiscal adjustments to achieve the zero deficit goal.
The package of actions includes a provisional measure, a new decree on the IOF and debates regarding the fiscal review and also infra-constitutional benefits, that is, benefits that are not in the Constitution.
One of the mechanisms is the increase from 12% to 18% of the tax rate on fixed-odds betting companies.
The percentages are applied to the calculation of GGR (Gross Gaming Revenue), classified as the revenue from bets minus the prizes paid to winners and the Income Tax deducted from the prizes.
Source: GMB / Metrópoles
