Legislação
Brazil – Sports betting measure to go into effect after China trip
By James - 20 de março de 2023
Finance Minister Fernando Haddad anunciou que o governo irá regulamentar as apostas esportivas online e planeja apresentar uma medida formal em março. Em conversa com jornalistas, Haddad disse que a Medida Provisória (MP) para taxar as apostas esportivas online será implementada após ele e o presidente retornarem da China.
“It should probably come out after the trip to China, we should publish the provisional measure,” said Haddad after a ministerial meeting with President Luiz Inácio Lula da Silva.
O ministro explicou que a tributação ainda não foi decidida dada a escassez de informações sobre o faturamento das empresas e que a medida entrará em vigor 90 dias após a publicação da MP.
Regarding the tax rate, Haddad stated that the issue is still being discussed with the economic team. “As there is no historical series and knowledge about the history of the sector, we have to accumulate information that comes from the sector itself, but it cannot be exclusive to them for us to close the exposition of reasons for the MP and the calculation of the impact on public accounts,” he said. The minister will meet with members of the sector to discuss the matter he said.
Earlier this month Fernando Haddad in an interview with the UOL news portal stated that sports betting regulation would be taken to counteract the increase in the income tax exemption for workers who earn twice the minimum wage – one of President Luiz Inácio Lula da Silva’s election pledges.
President Luiz Inácio Lula da Silva will meet Chinese leader Xi Jinping on March 28 on Lula’s first trip of his current term to his country’s largest trading partner. Lula will stay in Beijing for four days for talks on trade, investments and the war in Ukraine.
A provisional measure is a legal act in Brazil through which the President of Brazil can, “in important and urgent cases,” enact laws effective for a maximum of 60 days without approval by the National Congress. The provisional measure may be renewed once for an additional 60 days, after which, it will cease to be in force unless the National Congress has approved it and made it law. There are two requirements for a provisional measure to be used: urgency and relevance of the matter being regulated.
