MP who will tax electronic bet leaves after trip to China, says Haddad

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Finance Minister Fernando Haddad said this Tuesday (3) that the provisional measure that will tax the electronic betting market on sports games will come out after the government’s trip to China, scheduled for the end of March. “It should probably come out after the trip to China, we should publish the provisional measure,” said Haddad after returning from a ministerial meeting with President Luiz Inácio Lula da Silva. Also according to the minister, the taxation will be of the contribution type and is subject to the rule of ninety, taking 90 days to take effect from the publication of the MP. The minister recalled that electronic bets on sports games do not pay federal taxes, hence the government’s intention to initiate taxation. Asked what the rate will be, he replied that they are still calculating it. “Since there is no historical series, we do not have historical knowledge of the sector, we have to funnel information that is coming from the sector itself, but cannot be exclusive to them.” Haddad has a meeting today, at 5 pm, with representatives of the electronic betting industry.

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