Brazil President Luiz Inacio Lula da Silva’s decree is sent to congress, which needs to vote on it on the next 120 days so it remains valid.SAO PAULO—Brazil’s government issued a provisional decree on Tuesday to authorize sports betting and tax companies’ revenues by 18%.
President Luiz Inacio Lula da Silva’s decree was sent to congress, which needs to vote on it on the next 120 days so it remains valid. Brazilian bettors will not pay tax if they make gains amounting to almost $445 on each bet. Any gains above that will make betters pay 30% income tax. by the attorney’s office in Goias showed that some players had been offered between $10,000 and $20,000 to perform specific actions, like receiving yellow cards and giving away penalty kicks.Marcos Sabiá, the CEO of the galera.bet betting company, a sponsor of the Brazilian championship, said in a statement he approves the move.
The investigation has spread to Brazil’s congress and federal police this year, including about 20 matches of the country’s top flight and second divisions, plus some of local state leagues.scandal has potential international reach.