Brazil: Finance Ministry Delays Vote on Bill Raising Bets Tax to 24%
Brazil.– November 7, 2025 – www.zonadeazar.com Brazil’s Ministry of Finance has requested the Senate to postpone until mid-November the vote on the bill that doubles taxation on online betting, fintechs, and banks. Proposed by Senator Renan Calheiros, the bill raises the gross gaming revenue tax from 12% to 24%.
Details / Context
Senator Eduardo Braga, rapporteur of the project, confirmed that the delay was made at the request of Finance Minister Fernando Haddad, to review the political and technical details before submitting it to the Senate’s Economic Affairs Committee (CAE).
The new target date for voting is November 18, allowing additional coordination between the government and Congress.
The meeting at the Finance Ministry included Davi Alcolumbre, President of the Senate, and representatives from Coaf, Receita Federal, and the Central Bank, who discussed measures to combat illegal betting operations and improve oversight of financial flows.
Key topics
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Fiscal reform and iGaming sector: The bill seeks to double the betting tax and raise the CSLL rate for financial institutions and fintechs.
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Political negotiations: Lawmakers fear the bill could pass the Senate but stall in the Chamber of Deputies, prompting further dialogue.
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Illegal market control: Braga warned that “Brazil still cannot curb illegal bets operating within the financial system.”
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Executive support: Minister Gleisi Hoffmann publicly endorsed the bill, describing it as “a fair and necessary adjustment to restore fiscal balance.”
Future outlook
Finance Minister Haddad downplayed the fiscal impact of the measure, calling it “minimal” but reaffirmed its importance for transparency and fiscal discipline.
Government leader Randolfe Rodrigues assured that the delay will not affect the fiscal calendar and that the project will be voted soon.
The debate marks a decisive stage in Brazil’s iGaming tax reform, balancing state revenue needs with the goal of establishing a responsible, transparent, and regulated betting market.
🔗 Edited by: @_fonta www.zonadeazar.com