The Committee on Economic Affairs (CAE) postponed the analysis of the bill that increases the Social Contribution on Net Profit (CSLL) for fintechs and other financial institutions, doubles the taxation on betting, and creates a tax regularization program for low-income individuals (PL 5.473/2025 ). The project is authored by Senator Renan Calheiros and was on the agenda of the Senate’s CAE (Committee on Economic Affairs) last Tuesday (4), but the senators asked for more time to analyze the proposal.
The vote has been scheduled for the second half of November.
As reported by the Senate News Agency, Bill 5.473 increases the CSLL (Social Contribution on Net Profit) from 9% to 15% for fintechs, payment institutions, and certain financial entities. Capitalization companies and credit institutions will see their rate rise from 15% to 20%. Additionally, it will double the contribution on Gross Gaming Revenue (GGR) from 12% to 24%.
The rapporteur of the bill Senator Eduardo Braga emphasized that the project alters the tax rate for several sectors and required more time for analysis but said that he expected significant opposition from pro gambling lobbying groups in the meantime.
According to Senator Angelo Coronel, the rapporteur of the bill that regulated sports betting and online games in the Senate: “Our fear is that, regarding these illegal gambling operations, if the tax burden increases as proposed, there will be an exodus of betting, as happened in Germany and Portugal. How can they increase their tax burden if the government isn’t doing anything to shut down the illegal activity?” he said.
Senators Rogério Marinho and Jorge Seif both criticised the industry in harsh terms arguing that it had caused harm to Brazilian society while Senator Rogério Carvalho argued that it was necessary to collect more tax from betting sites. As did Senator Teresa Leitão who argued that betting in Brazil pays “the lowest tax rate in the world.”
On Wednesday (5) Brazil’s Senate approved a major bill raising income tax exemptions to benefit the middle class while introducing a minimum tax on high earners. Revenue losses are expected to surpass R$ 31 billion next year. The proposal now heads to President Luiz Inacio Lula da Silva for signature. Bill 5.473/2025 is designed to help partially offset the shortfall in tax revenue by increasing taxes on other sectors such as online betting.
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The Committee on Economic Affairs (CAE) postponed the analysis of the bill that increases the Social Contribution on Net Profit (CSLL) for fintechs and other financial institutions, doubles the taxation on betting, and creates a tax regularization program for low-income individuals (PL 5.473/2025 ). The project is authored by Senator Renan Calheiros and was on the…
The post Analysis of bill to double tax on betting delayed in Brazil appeared first on G3 Newswire.