Increased taxes on gambling in Brazil will be lower than anticipated says senator
Senator Eduardo Braga, the rapporteur for the bill aimed at raising taxes on online betting, fintech companies, and banks, informed the press that he plans to suggest a gradual increase in the tax rate for these sectors. This proposed rate will be lower than what is currently under discussion in the Senate, with an emphasis on addressing illegal markets.
Last week the Committee on Economic Affairs (CAE) postponed the analysis of the bill that increases the Social Contribution on Net Profit (CSLL) for fintechs and other financial institutions, doubles the taxation on betting, and creates a tax regularization program for low-income individuals (PL 5.473/2025).
The project is authored by Senator Renan Calheiros and was on the agenda of the Senate’s CAE but the senators asked for more time to analyze the proposal.
In an interview with newspaper Folha, Braga addressing elements of the bill that increases taxes on betting and fintech companies said: “It is time to close the door to eliminate this illegality while also recalibrating the issue not only of the social capital of fintechs but also the tax burden, in a staggered and responsible manner.”
Responding to questions on both fintech companies and online betting he said that measures undertaken to combat illegality will require banks to report to COAF (Financial Activities Control Council) large volumes as potentially suspicious.
The lawmaker argued that combating illegal gambling was “a priority” for the government an action which was aimed “at correcting some shortcomings in terms of tax rates compared to other countries.” When pressed on the issue of increased tax rates on betting he said that if “you shut the door on illegality, there’s no need to double it.”
