backOn December 17, 2025, the Brazilian Federal Senate approved a bill that cuts tax benefits by 10 % and increases taxation on betting operators (bets), fintechs and the distribution of Interest on Equity (JCP). The proposal, now headed to the President of the Republic for sanction, is deemed essential by the government to help balance public accounts in 2026 in light of the fiscal target set for the coming year.
Under the approved text, the reduction in tax benefits will take effect from 2026, preserving constitutional benefits such as those under the Simples Nacional regime and the Manaus Free Trade Zone, and reflecting adjustments made by deputies to certain tax regimes. The expected additional revenue stems not only from the cutting of tax benefits but also from the increased taxes imposed on online betting, fintechs and JCP distributions.
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