The writer of the law says that criticism is based on previous models

Brazil: Negative comments to the bingo bill rejected

(Brazil).- Representative Joao Dado (PDT-SP), who wrote the bingo bill in the Commission of Finance and Tax (CFT), said that negative comments are based on previous models, and not in the current game proposals in Brazil.
2010-04-22
Reading time 39 seg

According to Dado, winners will have to be qualified by CPF, and additionally, “all the machines will be monitored in real time, taxes will be the most important in the country and, if anyone wanted to launder money, he will have to pay dearly for that", he said.

The lawyer, master in Tax Law (PUC/SO) and professor of the Presbyterian University Mackenzie, Nelson Trombino JR. confirms the information pointed by the writer of the bingo project in CFT: “There are no doubts on the matter. The 30% taxation of IRRF on the jackpots prevents any money laundering operation by the bettor.

The bingo owner, on top of the heavy tax charge that has influence on the provision of services of public entertainment, is still forced to the legal reviews (which, in the bill were also improved). The concealment is a problem itself that must be faced, with a clearer legislation with regards to the base of the calculation, both at a federal and local level,” he commented.

Leave your comment
Subscribe to our newsletter
Enter your email to receive the latest news
By entering your email address, you agree to Yogonet's Terms of use and Privacy Policies. You understand Yogonet may use your address to send updates and marketing emails. Use the Unsubscribe link in those emails to opt out at any time.
Unsubscribe
EVENTS CALENDAR