The tax plan for Brazil’s ‘Bets’ gambling market has been left in limbo, as ministers reject changes to apply a retroactive tax framework instead of an increase in standard income taxes.
With less than 24 hours to review the proposal of retroactive tax framework endorsed by rapporteur Carlos Zarattini of the governing Workers Party (PT), the Chamber of Deputies voted down Provisional Measure (MP) No. 1,303/2025 with 251 votes against.
This is an embarrassing conclusion to 120 days of deliberation on the next fiscal phase of Brazil’s regulated betting market. If approved, tax on gross gaming revenues (GGR) would have risen from 12% to 18%.
The measure failed to complete any necessary stages for submission to President Luiz Inácio Lula da Silva for approval – but the President still seems determined to see gaming tax raised.
