Brazil: Lula da Silva enacts banned provisions in Sports Betting Law
Friday 24 de May 2024 / 12:00
⏱ 2 min read
(Brasilia).- The Official Gazette of the Union (DOU) published on Wednesday 22 the promulgation of the provisions vetoed by the President of the Republic in Law 14.790/2023, which deals with the fixed-odds betting lottery.
By overriding President Luiz Inácio Lula da Silva's vetoes, the National Congress decreed the validity of the provision defining that income tax will be levied on the total betting result of each year, and not on each bet individually.
In addition, income tax on sports betting will be levied annually, only on net winnings exceeding the value of the first tax exemption band.
LAW NO. 14.790 OF 29 DECEMBER 2023
Provides for the lottery modality known as fixed betting; amends Laws No. 5,768, of 20 December 1971, and No. 13,756, of 12 December 2018, and Provisional Measure No. 2,158-35, of 24 August 2001; repeals provisions of Decree-Law No. 204, of 27 February 1967; and enacts other provisions.
THE PRESIDENT OF THE REPUBLIC
I hereby inform you that the National Congress decreed and promulgated, under the terms of section 5 of article 66 of the Federal Constitution, the following vetoed parts of Law no. 14.790, of 29 December 2023:
‘Art. 31
Paragraph 1 For the purposes of the provisions of this article, the positive result obtained in fixed odds bets made each year, after deducting the losses suffered in bets of the same nature, shall be considered a net prize.
Paragraph 2 The tax referred to in the heading of this article shall be levied on net winnings exceeding the value of the first band of the annual progressive table of the IRPF.
Paragraph 3 The tax referred to in the heading of this article shall be calculated annually and paid until the last working day of the month following the calculation.
Brasília, 21 May 2024; 203rd of Independence and 136th of the Republic.
LUIZ INÁCIO LULA DA SILVA
President of the Federative Republic of Brazil
Categoría:Legislation
Tags: Sin tags
País: Brazil
Región: South America
Event
SiGMA North America 2026
01 de September 2026
SiGMA North America 2026 Concludes with a Spotlight on AI and iGaming
(Mexico City, SoloAzar Exclusive).- SiGMA North America 2026 concluded yesterday in Mexico City after bringing together nearly 2,250 delegates at Centro Banamex. The summit, held from September 1st to 3rd, focused on artificial intelligence (AI), innovation, collaboration between the public and private sectors, and the adaptation of global strategies to the particularities of local markets.
Friday 04 Sep 2026 / 12:00
SiGMA North America 2026 puts the spotlight on Mexico and its regulation
(Mexico City, SoloAzar Exclusive) — SiGMA North America 2026 shone a spotlight on Mexico and the regulatory future of iGaming yesterday during the opening day of its inaugural edition in the country. The agenda featured in-depth discussions on regulation, technological innovation, investment, and sustainable growth, bringing together government officials, industry leaders, investors, and tech companies. The SoloAzar team is on the ground in Mexico City covering the event, which concludes today, September 3, at Centro Banamex.
Thursday 03 Sep 2026 / 12:00
EGT Digital's Black Lounge Wins Major Award at SiGMA North America Awards
(Sofia).- EGT Digital’s Black Lounge has been named Best New Game Release 2026 at the SiGMA North America Awards in Mexico City, highlighting the company’s continued investment in innovative, player-focused casino content.
Thursday 03 Sep 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
