Brazilian Senate considers bill raising betting tax to 15%
Brazil's Chamber of Deputies approved a bill raising tax on betting companies and cutting tax incentives, and the Senate was due to consider it on 17 December, according to reports. The measure would raise the tax on betting revenue from 12% to 15% in annual steps through 2028; the article reported a target of R$20bn in revenue for the 2026 budget.
If enacted, the bill would increase betting companies’ tax burden in Brazil from 2026.