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Brazil senators question support for bill raising betting tax to 24%

Regulation

Senators warned Finance Minister Fernando Haddad that the Senate may lack votes for a bill raising betting tax on gross gaming revenue from 12% to 24%; the proposal also lifts the CSLL rate for fintechs from 9% to 15%. The Economic Affairs Committee postponed consideration on 4 November, and the bill could be read there on 11 November, though a vote is not assured.

The bill could double the betting tax rate, but its passage and timing remain uncertain.

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Brazilian lawmakers discuss raising betting taxes in tax-benefit bill

Brazilian congressional leaders and the government were discussing whether to add higher taxes on betting companies and fintechs to a bill reducing tax benefits, according to the report. A Senate committee-approved proposal would raise the tax on betting companies’ gross revenue from 12% to 15% next year and 18% from 2028; the article said the bill’s rapporteur had not disclosed his plans. The proposal remained under negotiation.

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