Brazil’s Federal Revenue requires taxpayers to report fixed-odds betting gains from 2025 in their 2026 personal income tax declarations, as well as balances held on betting platforms at 31 December 2025. The filing period runs from 23 March to 29 May, and the agency has added specific fields for betting income.
Operators and bettors face new reporting requirements for fixed-odds winnings and platform balances.
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Brazil’s Receita Federal will seek income tax, PIS and Cofins from influencers promoting unauthorised betting operators, the agency’s secretary Robinson Barreirinhas said on 19 June. A 18 June ordinance also makes financial institutions liable if they continue processing funds for irregular operators after notice from the Secretariat of Prizes and Betting (SPA).
Brazil’s Federal Revenue Service projected R$260 million in revenue from an increase in gross gaming revenue taxation for betting operators. Secretary Robinson Barreirinhas said tax measures affecting betting, fintechs and interest on equity are expected to generate R$4.4 billion in total.
Brazil’s Receita Federal collected R$2.5 billion from sports betting in January and February 2026, according to figures it released on 24 March. The total compares with R$756 million in the same period of 2025; the agency attributed the increase to the consolidation of market regulation and formalisation.
Brazil’s Receita Federal reported R$9.95bn in government revenue from online betting for 2025, announced during a briefing on 22 January. The authority said the total was 10.83% higher than the previous period and included a 12% charge on gross gaming revenue alongside other taxes; December receipts were R$1.1bn.
Brazilian betting companies are reportedly discussing retroactive tax payments with government leaders in Congress in exchange for limiting a proposed increase in the betting tax rate. The proposal would raise the rate from 12% to 24%; some firms are seeking a cap of 15%, while an unidentified industry executive estimated retroactive collections could reach R$12.5bn. The Finance Ministry did not respond to the report’s request for comment.