The Senate’s Economic Affairs Committee (CAE) postponed the vote on Bill 5.473/2025 for one day. The proposal increases taxation on sports betting and fintechs.
Rapporteur Eduardo Braga (MDB-AM) estimates revenue of R$ 18 billion between 2026 and 2028 with the new rules. The president of the CAE, Renan Calheiros (MDB-AL), stated that the postponement occurred by agreement in the request for review.
Voting will resume this Wednesday (5). The project is being processed in a conclusive manner. Thus, after approval in the committee, it will go directly to the Chamber of Representatives, without going through the Senate plenary.
Authored by Calheiros, the text revisits points from the previous Provisional Measure (MP) that sought alternatives to the increase in the Tax on Financial Operations (IOF).
The Chamber had rejected the previous proposal. According to Braga, the positive fiscal impact will be R$ 4.98 billion in 2026, R$ 6.38 billion in 2027, and R$ 6.69 billion in 2028.
How does the increase in tax rates impact the sector?
The main gain will come from increasing the tax rate on bets from 12% to 24%. This measure should generate R$ 13.3 billion over three years. Part of this amount will be allocated to the social security of states and municipalities affected by the new income tax exemption for salaries up to R$ 5,000.
The president of the National Association of Games and Lotteries (ANJL), Plínio Jorge Lemos, stated, in an article published on Monday (3) in Istoé, that the association and the market view this possible change with “extreme concern”.
“Doubling the tax rate on revenue encourages the growth of illegal gambling, compromises tax collection, and threatens the sustainability of licensed operators, especially at a time when the regulated market is consolidating under the new regulatory framework,” he wrote.
Furthermore, the project expands the Social Contribution on Net Profit (CSLL) for financial institutions. This change is expected to generate an additional R$ 4.74 billion between 2026 and 2028.
The new rates will be:
- From 9% to 15%: payment institutions, fintechs, over-the-counter market administrators, exchanges and settlement entities recognized by the National Monetary Council (CMN).
- From 15% to 20%: capitalization and credit, financing and investment companies.
Banks will continue to receive 20% of the CSLL (Social Contribution on Net Profit), while other companies will maintain 9%. Thus, the impact will fall on sectors with higher financial transactions.
Other planned changes
The text also extends the deadline for requesting a refund of Income Tax Withheld at Source (IRRF) on profits and dividends sent abroad. The period increases from 360 days to five years, giving taxpayers more time.
Furthermore, the project creates a debt refinancing program (Refis) aimed at low-income individuals, with minimum installments of R$ 200. Those earning up to R$ 5,000 per month will receive larger discounts on interest and penalties.
Taxpayers with incomes between R$ 5,000 and R$ 7,350 will have access to tiered discounts, according to their income bracket. The Federal Revenue Service and the Attorney General’s Office will have 30 days to publish the rules. After that, taxpayers will have 90 days to join the program.
