Brazil separates betting income in tax filings

In Brazil, the tax authority Receita Federal, in the rules for declaring personal income tax for 2025, introduced income from fixed-odds betting (apostas fixas) as a separate category.

Betting income in tax returns

New income category

Taxpayers are required to report income from fixed-odds betting in a separate section of their tax return.

Account balances

It is also necessary to declare balances held in iGaming operator accounts as of December 31, 2025.

Filing deadlines

Submission period

The filing period will begin on March 23 and end on May 29.

Expected volume

Around 44 million tax returns are expected to be submitted.

New rules and changes

Refund schedule

Tax refunds will be paid in four installments: May 29, June 30, July 31, and August 31.

Pre-filled returns

The system includes pre-filled forms with alerts designed to help avoid errors during submission.

Tax refunds for citizens

Tax cashback

Around 4 million taxpayers with lower income will receive tax refunds, with amounts reaching up to 1,000 reais per person.

Eligibility

The refunds apply to individuals who did not file a return but are entitled to receive payments.

Additional requirements

Foreign income reporting

Tax returns must include income earned abroad, as well as profits and dividends.

Mandatory categories

Filing is required for individuals whose taxable income exceeds the установленный threshold, as well as for those holding assets above the specified limit.