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ARTICLE · 04 FEBRUARY 2010

Sports Incentive Law

The so called Sports Incentive Law has become an important starting point for the encouragement of Brazilian sport as a whole as it creates guidelines by which fund raising can be conducted as part of a fiscal benefit for the patron.

BrazilMedia, Telecoms, IT, Entertainment
Gustavo Delbin
Gustavo Delbin

The so called Sports Incentive Law has become an important starting point for the encouragement of Brazilian sport as a whole as it creates guidelines by which fund raising can be conducted as part of a fiscal benefit for the patron. The benefits of this initiative for needy communities, promising athletes and private business are immense.

The innovations which the Sports Incentive Law has brought about since it was sanctioned on December 29, 2006, can be seen by the way in which it authorizes both public and private sports-focused companies with non-economic ends to seek funds from other companies or individuals. These companies are categorized by the law as being proponent companies with a framework suited to the presentation of its sports projects to the Ministry of Sport.

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