The text is final in the committee, meaning that if it is approved and no senator files an appeal, it goes directly to the Chamber of Deputies.
The measure is part of the economic package announced by Finance Minister Fernando Haddad to alleviate public accounts after the rejection of Provisional Measure (MP) 1.303, which provided for the replacement of the increase in the Tax on Financial Operations (IOF), on October 8th.
Braga proposed doubling the government's share of sports betting revenue. The Union's share of net revenue would increase from 12% to 24%, with the expectation that the increase will be gradually divided among states and municipalities from 2026 to 2028.
Regarding fintechs, the project proposes increasing the tax levied on the profits of financial institutions.
The Social Contribution on Net Profit (CSLL) tax rate will increase from 9% to 15% for companies such as digital banks, stock exchanges, and payment institutions.
For credit, financing, and capitalization companies, the increase will be from 15% to 20%.
Source: GMB
