The Economic Affairs Committee (CAE) of the Brazilian Senate has advanced a proposal to raise taxes for fintech firms, payment institutions and betting companies.
The committee approved the measure by a large majority, with only one opposing vote. Although the project has been widely discussed in recent sessions, Senate officials noted that further debate may occur as the proposal moves to the full chamber.
Under the current version of the text, fintechs, payment service providers, over-the-counter market operators, stock exchanges, and commodities exchanges would face a gradual increase in their tax burden. The rate applied to these entities would move from the present 9% cent to 12$ in 2026 and to 15% in 2028. Institutions engaged in capitalisation, credit, financing and investment activities would also see changes, with their rate climbing from 15% to 17.5% in 2026 and then to 20% in 2028.
Measures covering betting and compliance
The project also alters the fiscal framework for companies active in the betting sector. The total rate levied on income from gambling operations would rise from 12% to 18%. Earlier drafts suggested an increase to 24%, but committee representatives adjusted the figure after internal discussions.
Beyond taxation, the proposal includes a series of compliance-oriented measures aimed at addressing money-laundering risks tied to digital finance companies and unlicenced betting operators. Among the new requirements are mandatory semi-annual compliance reports for financial institutions, restrictions intended to curb advertising by unregulated entities, and the integration of firms into national anti-fraud and monitoring systems. Senate officials indicated that the objective is to align regulatory expectations with the growth of digital financial services and online betting platforms, which have expanded rapidly in Brazil over the past few years.
If enacted, the measures would represent a significant adjustment for both the fintech sector and gambling operators, marking a continuation of legislative efforts to update Brazil’s oversight of emerging financial activities.
