Brazilian minister Guilherme Boulos called for taxes on billionaires and betting companies during his swearing-in ceremony in Brasília, reportedly. He also criticised the six-day-on, one-day-off work schedule and said his ministry would maintain dialogue with civil society, excluding those he said attack democracy.
The proposed tax could affect betting companies operating in Brazil.
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Brazil’s Senate Economic Affairs Committee approved bill PL 5.473/2025, which would increase the state’s share of net fixed-odds betting revenue, according to the commentary. The text was presented on 2 December and also proposes changes to financial-sector contributions and a low-income tax regularisation programme.
Brazil’s Senate approved complementary bill PLP 128/2025 on 17 December, raising the contribution rate for betting companies from 12% to 13% in 2026 and 15% in 2028. The bill also provides for shared tax liability for advertisers of unauthorised bets and financial institutions that continue serving them after formal notice; it now goes to the president for sanction.
A proposal to double the tax on betting companies’ gross revenue remains before Brazil’s Senate Economic Affairs Committee, with no date set for a vote. Betting-sector companies oppose the measure, while the National Confederation of Industry supports creating a tax on online betting; the proposal would not require a Senate plenary vote if approved by the committee.
Brazil’s Planning Minister Simone Tebet argued that betting companies should pay a tax rate of at least 27.5%, matching the income tax rate paid by public servants. A Senate bill under discussion would increase betting tax from 12% to 24%; Tebet said the revenue would help balance the government’s 2025 and 2026 budgets.
Brazilian lawmakers from parties across the political spectrum have introduced proposals to raise taxes on betting companies, according to a media report. Nearly 200 bills concerning betting were presented in 2024 and 2025, while a proposed increase in gross-revenue tax from 12% to 18% was removed from a provisional measure that the Chamber of Deputies later rejected.