On July 9, 2024, the Brazilian Fantasy Sports Association (ABFS) issued a statement criticizing the inclusion of fantasy games in the final Who can be taxed under selective taxes, known as "sin taxes," in the jobs report.
Selective taxes were established to prevent the production of goods or the provision of services that are harmful to the health of Brazilians or the environment. For the ABFS, it would be unfair to include fantasy gaming in taxes, since fantasy gaming is not harmful, on the contrary, according to the agency, it is an activity that stimulates players to develop psychological skills and logical thinking.
The Tax Reform Task Force classifies fantasy games as sports betting, online casino games, horse racing betting and other gambling games.
"The fantasy sports industry has expressed concerns about alternatives submitted to Supplementary Bill 68 of 2024 that would include them as options Sexual taxation. In fact, this industry involves an electronic sports activity that stimulates the development of psychological skills and logical thinking of its users, so it does not cause harm to public health or the environment - a prerequisite for selective taxation. ," the ABFS statement explained.
The tax reform is expected to be voted on by the House of Representatives this month. The text is still subject to revision.
