Senate committee schedules vote on proposed 24% betting tax share

Brazil's Senate Economic Affairs Committee is due to vote on 4 November on a bill covering taxes on betting companies and fintechs, reportedly after rapporteur Eduardo Braga submitted a favourable report with two amendments. The proposal would raise the federal share of net fixed-odds betting revenue from 12% to 24%, with the increase to be phased among states and municipalities from 2026 to 2028.