Brazil to debate new betting tax rules as part of finance reform

Brazil’s congressional joint committee analysing Provisional Measure (MP) 1.303/2025 will begin formal debate on 6 August, with a session featuring Finance Minister Fernando Haddad. 

Among its provisions, the measure includes a planned increase in taxation on fixed-odds betting, a move consistent with recent government pressure on the sector.

MP 1.303 was introduced as part of an effort to simplify and tighten Brazil’s tax regime on financial assets. It proposes new rules for taxing real estate, agribusiness and exempt investment funds. 

The proposal also outlines specific tax treatment for digital assets, foreign investors and betting operations in the country.

Additional hearings throughout August will cover changes to exempt asset categories, corporate profit taxation and adjustments to social programmes. 

The committee overseeing MP 1.303 was installed in June with a stated focus on defining clearer tax boundaries for the digital economy, especially concerning the national gaming sector.

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However, the gaming sector has drawn particular attention, following recent remarks by Haddad suggesting that online betting should be banned outright in Brazil.

MP 1.303 also touches on restrictions related to tax compensation, pension adjustments and fintech regulation.

A final vote on the measure is expected later this year.

Carlos Mendez

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Odds tell a story long before the result does. When bettors learn to read that story properly, betting becomes a matter of discipline and value rather than emotion or guesswork.

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