Efraim Filho amendment suggests 20% tax rate on betting winnings
Senator Efraim Filho’s Amendment 14 to Brazil’s Provisional Measure 1357/2026 proposes raising income tax on net betting winnings from 15% to 20%, according to the report’s account of the amendment. The increase appears in its justification as a possible source of compensation for a proposed tax credit for textile retailers, rather than in the amendment’s operative provisions.
The proposed 20% rate appears in the amendment’s justification, not its operative provisions.