Brazil has published Law No. 14.439 of 24 August 2022, which increases and extends the tax incentive for sports projects under Law No. 11.438 of 29 December 2006. The incentive includes an income tax deduction for the amounts spent on sponsorship or donations in direct support of sports and parasports projects approved by the Ministry of Citizenship, limited to the following caps:
- 2% (up from 1%) of the tax due by legal entities, which is increased to 4% when the sports or parasports projec…