LatinNews Daily - 18 December 2025

*Brazil’s senate has approved a bill to reduce tax benefits for various sectors and increase taxes on fintech firms and online betting companies. The legislation will now be submitted to the office of President Luiz Inácio Lula da Silva to be promulgated into law. Tax rates for online betting firms will increase from the current rate of 12% to 13% in 2026, before gradually rising to 14% in 2027 and 15% in 2028. The legislation also proposes increasing the CSLL rate, a federal tax levied on the net profits of companies, for fintech companies, which will pay a higher rate of 12% in 2026, up from the current rate of 9%, and will pay 15% by 2028. Regarding tax benefits, the bill mandates a 10% reduction in various federal tax breaks, which means that companies from a broad range of sectors will have to pay more for levies such as the CSLL and PIS/Cofins federal consumption taxes. According to reports in the national press, many industrial activities, such as the chemicals sector, will be impacted. The Confederação Nacional da Indústria (CNI), Brazil’s national industrial sector lobby group, has released a statement to criticise the bill.

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