The rapporteur of the Provisional Measure that compensates for the repeal of the IOF (Tax on Financial Transactions) increase, Congressman Carlos Zarattini, announced the postponement of the vote on the report until next Thursday (2). Among other measures, the bill provides for an increase in taxation on sportsbooks from 12% to 18%.
The vote was scheduled for this Tuesday (30), in the Joint Congressional Committee that is analyzing MP 1,303 of 2025. According to information from Brasília, the congressman said that the decision was made after a request from the President of the Chamber of Deputies, Hugo Motta (Republicans-PB).
The congressman’s goal is to ensure the final text is discussed with as many party leaders as possible before being voted on in the plenary. The provisional measure introduced by President Luiz Inácio Lula da Silva’s administration expires on October 8th.
According to rapporteur Carlos Zarattini, the excessive amount of agenda items is also a hindrance. “Due to the backlog of items we have here in the Chamber, such as tomorrow’s vote on income tax exemption, we decided to postpone this vote until Thursday morning,” Zarattini said.
Proposal may still undergo changes
The rapporteur stated that there is a possibility of changes to several points of the proposal, including maintaining the exemption for tax credit letters. He described the attempted taxation as a “sensitive issue,” but stated that he is “open to negotiation.”
The government presented the measure as one of the alternatives found by Treasury Minister Fernando Haddad to offset the loss of revenue from the review of the Tax on Financial Transactions (IOF).
The betting sector received the announcement with great concern, as operators already operate under challenging conditions. Until August alone, the regulation generated R$5.6 billion in taxes, demonstrating the activity’s importance to the economy.
Furthermore, businesspeople and representatives of industry-related entities warn that a tax increase could lead to a decrease in investment in advertising, sports sponsorships, and cultural events. It could also encourage players to migrate to illegal platforms.