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TAX
Brazil Again Delays Vote on Gambling Tax Increase Amid Weak Chamber Support
Brazil’s latest attempt to sharply raise gambling taxes has stalled once more, as lawmakers postponed the vote on a proposal to double the current rate — and have yet to set a new date for its return. The delay follows the collapse of an earlier provisional measure that sought to lift the gambling tax rate from 12% to 18%. In October, legislators introduced a new plan to raise the levy on gross gaming revenue to 24%, but despite multiple attempts, it has not advanced. An
Nov 202 min read
Brazil Again Delays Vote on Gambling Tax Increase Amid Weak Chamber Support
Brazil’s latest attempt to sharply raise gambling taxes has stalled once more, as lawmakers postponed the vote on a proposal to double the current rate — and have yet to set a new date for its return. The delay follows the collapse of an earlier provisional measure that sought to lift the gambling tax rate from 12% to 18%. In October, legislators introduced a new plan to raise the levy on gross gaming revenue to 24%, but despite multiple attempts, it has not advanced. An
EU Drafts New Implementation Plan for US Trade Deal, Targets Tariff Reductions and Economic Security
The European Union is preparing a new proposal to the United States aimed at advancing the next phase of the trade deal reached between the two sides earlier this summer, according to people familiar with the matter. The plan, which has not yet been announced in the US, will center on five key areas, including the lowering of rates for additional products such as wines and spirits. The initiative comes ahead of a meeting later this month between EU trade chief Maros Sefco
OECD Paper Highlights Brazil’s Groundbreaking Dual VAT Reform as a Model for Fairer, Simpler Taxation
Brazil is poised to become a pioneer in global tax reform with the introduction of a unique value-added tax (VAT) system that promises to create a more competitive and investor-friendly economy, according to a new working paper published by the OECD Economics Department. The paper, titled “The reform of Brazil’s consumption tax system,” was released on Monday, November 10, and authored by OECD policy experts Jens Mathias Arnold, Piet Battiau, Falilou Fall and Karoline Spies.
Lira Urges Crackdown on Illegal Betting Before Raising Taxes on Regulated Operators
Former Speaker of the House Arthur Lira has called on Brazil’s Federal Government to focus on combating illegal betting operations before pursuing higher taxes on licensed companies. Speaking to journalists during an event in São Paulo, Lira said that betting is “inevitable” in Brazil and argued that prohibition is not an effective approach to managing the industry. The congressman emphasized that authorities should prioritize enforcement against unlicensed betting platfo
Kenya’s 2025 Gambling Tax Reform Promises a Revenue Surge but Hits Casual Bettors Hardest
Kenya’s latest overhaul of its gambling taxation framework under the Finance Act 2025 is being hailed by legal and fiscal experts as a potential windfall for government coffers—but the new policy also shifts the cost burden onto casual bettors, setting the stage for notable behavioural shifts across the betting landscape. The new legislation, which came into effect in July, replaces the former 20% tax on net winnings with a 5% levy on every withdrawal made from any betting wa
Malta Launches 15% Final Corporate Tax Regime as a Simplified Alternative to Imputation System
In a landmark reform of its corporate tax framework, the Maltese government officially enacted the Final Income Tax Without Imputation Regulations on September 2, 2025, introducing a 15% elective final tax on company profits. The move marks one of the most significant overhauls of Malta’s business taxation system in recent years, offering what the government describes as a simpler and more transparent alternative to the long-standing imputation and refund model. From 35% to a
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