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Senate Panel Weighs Higher Taxes on Bets and Fintechs as Tuesday Vote Nears

A revised report targeting illegal operators and recalibrated rates may postpone the decision.

Overview

  • CAE scheduled the session for 10 a.m. to take up the bill by Renan Calheiros, with rapporteur Eduardo Braga preparing an updated opinion that could delay the vote.
  • The proposal doubles the levy on betting platforms from 12% to 24% and raises the CSLL to 15% for fintechs and 20% for banks, with discussion of phased rates and enforcement against illegal sites.
  • It also creates a tax regularization program for low‑income individuals.
  • The package complements the plan to expand income tax exemption to R$5,000 a month and is viewed as a revenue pillar for the government’s 2026 budget.
  • If approved in the committee, the terminative decision sends the text directly to the Chamber unless eight senators seek a plenary vote, and the agenda also includes the ‘Super MEI’ plan and a disabilities fund with IR donation deductions capped at 1% for five years.