On Friday afternoon, the president Luiz Inácio Lula da Silva sanctioned the long-awaited Games Legal Framework, marking a crucial moment for the Brazilian gaming industry. The bill, widely debated in Congress, aims to regulate the gaming market in the country, promoting both the economic sustainability and creativity of the sector.
The new legislation, signed by the president Lula on social networks, it establishes principles and guidelines for the interaction of electronic games with specific cultural laws, in addition to offering tax incentives and guidelines for the protection of children and adolescents. A fundamental milestone is the recognition of games as culture, enabling companies to access resources through incentive laws, such as Rouanet Law and others.
The project, created in Chamber of Deputies and later modified in Senate, had a challenging path until its approval. However, the final text represents a victory for the national industry, opening space for growth and innovation.
One of the highlights of the Legal Framework for Games is the precise definition of what constitutes a video game, eliminating tax confusion and directing efforts towards the true objective of the legislation: promoting the national production of games. This definition excludes gambling and lotteries, making clear the focus on digital entertainment.
With the sanction of the new law, experts foresee a promising horizon for the gaming sector in Brazil. A significant increase in private investments is expected in the coming years, as well as a multiplication in the number of jobs in the sector. The tax incentive offered to gaming companies, including the Inova Simples regime for small and medium-sized entrepreneurs, promises to encourage the participation of new talents in the market.
Therefore, the Legal Framework for Games not only regulates the gaming market in Brazil, but also signals a promising and vibrant future for the national gaming industry. With the legislation in force, Brazil is prepared to stand out even more in the global digital game production scenario.
Source: Atrevida
Earl Johnson is a music writer at Gossipify, known for his in-depth analysis and unique perspective on the industry. A graduate of USC with a degree in Music, he brings years of experience and passion to his writing. He covers the latest releases and trends, always on the lookout for the next big thing in music.
