Brazilian Senate delays debate on betting tax bill

The Senate’s Economic Affairs Committee (CAE) will not vote this week on PL 5.473/2025, the bill that raises taxes on betting operators and fintechs. 

The Committee’s President, Senator Renan Calheiros, said the analysis should move to next week after one of the main lawmakers related to the bill, Senator Eduardo Braga, requested more time to review and close negotiations on sticking points.

According to Braga, the text still requires adjustments across several provisions that could directly affect the national financial and betting sectors. 

He also did not rule out debate around Interest on Equity as lawmakers looked at alternatives that were floated during earlier talks on financial-sector taxation but did not make it into the current draft.

Braga also plans to continue conversations with the Ministry of Finance and industry groups to narrow gaps on methodology, rates and transition rules.

The goal, he indicated, is to return with a version that balances revenue needs with regulatory predictability for licensed operators and financial institutions.

For the betting industry, the postponement extends a period of uncertainty as companies model potential tax burdens and pass-through effects on pricing, marketing and compliance budgets.

Fintechs also face similar questions around capital allocation and product economics if the final text tightens tax treatment.

Calheiros reaffirmed that the CAE intends to vote on the bill next week.

Whether that timeline holds will depend on how quickly the official can secure consensus and other contested elements that could shape the overall tax load on operators.

Mark Sullivan

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