News
Below you can find the main news stories that featured the participation of IBJR.
The betting industry’s reaction to the government’s proposed tax increase
Research shows that between 41% and 51% of the Brazilian betting market remains illegal and tax losses could exceed 10...
Bets claim that increased taxation will lead to loss of revenue and increased illegality
Entities repudiate the measure and say that taxation could make the operation of many companies that invested in the country...
Taxation of bets makes operations unfeasible and favors the parallel market, says IBJR
Government proposed increasing taxation on betting revenue from 12% to 18% in order to replace the increase in IOF
“We cannot accept it,” says betting institute about tax hike
President of IBJR, an organization that represents the main legalized operators, says that the government's measure compromises the viability of...
Bets speak of “operational unfeasibility” and incentive to illegality with higher tax
Higher tax costs would imply transfers to bettors or margin compression, argue industry representatives
Government proposes increasing tax on betting to compensate for loss of IOF revenue
Entities representing the sector issued notes criticizing the proposal, which could result in an increase in the IRPJ rate from...
Study indicates that illegal betting market may be larger than the regulated one in Brazil
A report released this Thursday estimates that pirate operators move up to R$40 billion per year; a scenario that encourages...
