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2mo ago

Brazil Reports R$6.85 Billion From Bets as Government Renews Tax Push

The administration is seeking new legislation to lift betting levies following the collapse of its earlier tax measure in Congress.

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Overview

  • Federal tax data show R$6.85 billion collected from betting between January and September 2025, including R$1.26 billion in September.
  • On October 8, the Chamber of Deputies rejected Provisional Measure 1,303/2025, which would have raised the current 12% gross gaming revenue rate to 18%, and the measure expired.
  • Finance Minister Fernando Haddad plans to send a bill to increase taxation on bets, and PT caucus leader Lindbergh Farias filed a proposal to elevate the rate to 24%.
  • The government is advancing the Litígio Zero Bets program to regularize funds sent abroad before December 31, 2024, charging 15% income tax on capital gains plus a 100% penalty, with potential revenue estimated at R$5 billion.
  • Industry groups IBJR and ANJL criticize the fiscal push, warning higher or retroactive charges could force closures, drive consolidation, and expand the clandestine market.