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3h ago

Senate Panel Delays Vote on Bets and Fintech Tax Bill to Dec. 2 After Report Softens Hikes

The relator recast the plan with phased rates paired with tougher compliance to avoid fueling the illegal market.

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Overview

  • Opposition leader Rogério Marinho requested more time, pushing the CAE vote to Tuesday, Dec. 2.
  • Eduardo Braga’s new report phases the GGR levy on online bets to 15% in 2026–27 and 18% in 2028 while raising fintechs’ CSLL to 12% in 2026 and 15% in 2028, with 17.5% in 2026 and 20% in 2028 for entities now at 15%.
  • The draft adds enforcement tools against illegal betting, including PIX transaction filters, mandatory reporting, removal of illicit ads within 48 hours, and fines up to R$50,000.
  • The text lifts the withholding rate on interest on equity to 17.5% and allows 2025 profit distributions to be approved until April 30, 2026 for tax purposes.
  • If approved in terminative mode, the bill goes straight to the Chamber, where leaders have signaled resistance, even as the government projects roughly R$10 billion in 2026 revenue to help fund the new IR exemption.