Receita Federal, the Federal Revenue Service of Brazil, has updated articles of its “General Coordination of Taxation” to include new provisions for consumers to declare profits/winnings generated from online gambling.
An update to the IRPF guidelines was required to address ambiguities in current legislation and align broader efforts to regulate and standardise taxes on gambling-related income in Brazil, following the launch of the Bets market on 1 January 2025.
Mandated by Law No. 14,790/2023, the legislative framework of the Bets regime requires a 15% tax to be imposed on player prizes/winnings exceeding the threshold of BRL 2,824 (approximately €530). The tax on player prizes was enforced by President Lula da Silva in the final revision of the bill prior to its federal sign-off.
New IRPF guidelines state that tax c..