Brazil has advanced its long-term fiscal reform agenda by introducing detailed regulatory provisions for the Contribuição sobre Bens e Serviços, widely known as CBS, through Decree No. 12,955/2025 signed by President Luiz Inácio Lula da Silva. The decree represents another substantial step in the country’s restructuring of its national tax system and has direct implications for betting operators, lottery providers and related gaming businesses functioning within Brazil’s legal market....

Continue Reading