Today, our director Renato Doria took part in an exclusive event promoted by our friends at CSMV Advogados, focused on the future of taxation in the iGaming sector. The event marked the first cycle of debates on the regulation and taxation of the betting market in Brazil, which is undergoing significant transformations at this time of consolidation.
Brazilian legislation for the iGaming sector, especially sports betting, has undergone significant changes. The new rules include taxation on companies' turnover and on bettors' net winnings, as well as the need for a financial reserve of R$ 5 million to guarantee the security of players' winnings.
These changes are part of a larger effort by the government to create a regulated and safe environment for sports betting in the country.
Speakers at the event included:
- Ana Carolina MonguilodPartner at CSMV Advogados and iGaming specialist, Ana shared insights on the impacts of taxation and the tax compliance that companies in the sector must meet in order to operate legally in Brazil.
- José Francisco Manssur: Advisor to the Ministry of Finance responsible for regulating the fixed-odds betting sector in Brazil. Manssur, who led the process of formatting the set of rules, was praised by Finance Minister Fernando Haddad, who highlighted the quality of his work.
During the event, there was a valuable exchange of ideas about the challenges of taxation in the sector and how companies can adapt to the new regulations. Renato Doria's participation was essential to understanding the needs of companies and exploring how CLM Controller can continue to support this segment, providing specialized solutions to face the increasingly complex tax and regulatory scenario.
Read also: Online sports betting: new rules and fines
CLM Controller: strategic partner for iGaming companies
With the iGaming market growing rapidly in Brazil, it is crucial that companies in the sector comply with the new regulations. A CLM Controller, a specialist in accounting services for the sports betting sector, offers complete support to help companies navigate fiscal and tax requirements, ensuring that they operate safely and efficiently.
Our services include tax consultancy, accounting planning, compliance and auditing to ensure that your company is always up to date with legal requirements. In addition, we help optimize your financial management, preventing problems with regulatory bodies and providing greater operational efficiency.
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