brazil sanctioned law that taxes online betting in the country

[arufox]

What do you think of this? Is there any regulation in the betting sector in your country?

In my country, there are no special regulations in the betting sector because all forms related to online betting are prohibited in my country.

Do you think the government should really collect alternative sources of income from its citizens such as online gambling?

I think it would be a good step for the government to collect revenue from online gambling because the circulation of money in online gambling is very large. But it would be better if the government did not impose too large a tax on online gambling.

[stompix]

Internet enraged Brazil will tax gambling with 15%.
At the same time Norway has been taxing galing at 27% since 2010 and Spain raised the upper limit at 45% if you make more than 50k euros!

If you think that is bad check how much worse it can get, and wait till there will be someone with the bright idea to tax not profits but apply a flat rate on revenue for casinos, there are plenty of proposals and even a moderate 2-3% tax on revenue will be a killer for the whole gambling industry.

But understandable, he wants to cut taxes for lower income so he needs to tax somebody else, and because he is a left-leaning politician obviously taxing things like gambling or trading or investments funds does well with his voter base.

[noormcs5]

In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue.

This is for physical bets or bets made online.

If any person gambles on a third party online site that is not hosted in brazil and they are not accountable to share the data of the gamblers to the brazil government, then how will the government know if any person has taken the bet and has won how much amount of money through betting ?

The funny thing is that he didn't take into account the loss that bettors have before calculating the tax (that's a lot of bullshit).

Summary of the story: the government wants to be our partner only in gains, but in losses, we alone are forced to bear the financial losses. Very convenient, right?

It should be like your betting account will be monitored and whatever profit you made in a month, you will be taxed on it and if you are more in loss, there should be no tax. However as my pervious concern, the government can't control and know how the people are using the online sites to gamble and all this information is not visible to the government authorities.

[YOSHIE]

In nutshell: bettors will have to pay 15% on the winnings received from any bets, regardless of whether the reward is small or large, and companies will have to pay 12% on revenue.

For me, I understand the tax laws implemented by the Brazilian authorities for gamblers, maybe some countries have also done that, but what is most unfortunate is what happens to users and that 15% tax is charged, whereas for the gambling industry only 12% is charged, for me that is unfair and the rules are too heavy, 5% tax may be reasonable to charge to gamblers.

In my opinion, if the 15% tax had to be borne by the gambler and taken from the winnings, it would be the same as killing the gambler, with government regulations like that, I'm sure gamblers will look for illegal gambling sites in Brazil, obviously to avoid tax, If that happens, of course it will be a loss for the gambling industry and the government itself, people will leave legal gambling and look for illegal gambling, that is a natural law that happens, almost all countries have illegal and legal gambling sites, that's for sure, the mafia uses a thousand different ways to profitthemselves.

The Brazilian government should reconsider the tax percentage on its users, so that those who gamble feel they are not being burdened.