The Plenary Chamber approved on Wednesday morning (17) the basic text of the complementary bill which reduces the current tax benefits by 10% and increases taxation on betting, fintechs and interest on equity. The Minister of Finance, Fernando Haddad, who participated in the articulation with the deputies, hopes that the proposal will lead to an increase in revenues of around 20 billion reais in 2026. The text will be analyzed by the Senate.
The project’s rapporteur, MP Aguinaldo Ribeiro (PP-PB), responded to the economic team’s request to incorporate measures to increase revenue collection, which will help the government pursue next year’s budgetary target, which is a surplus of 0.25% of gross domestic product (GDP), equivalent to 34.3 billion reais. On the other hand, it relaxed the increase in taxation on the presumed profit regime.
After back and forth, the President of the House, MP Hugo Motta (Republicanos-PB), decided to submit the text to a vote in plenary, amid protests. The opposition complained about the lack of time to analyze the rapporteur’s opinion, presented a few minutes before the start of the debate.
Aguinaldo accepted the government’s proposal to reduce the currently existing tax benefits by approximately 10%, except those provided for in the Constitution and some other exceptions. The MP also provided rules for monitoring the evaluation of these benefits. The measure is expected to save 17.5 billion reais in tax expenditures.
On the other hand, the rapporteur established that the additional 10% tax on companies subject to the presumed profit regime will only apply to the part of the total gross income that exceeds the value of 5 million BRL in the year. In the text proposed by the government, the value was R$1.2 million.
The presumed profit regime is used by companies that earn up to 78 million reais per year. This was one of the most controversial points of the proposal, which is why it ended up being dehydrated by the deputies.
To compensate, the rapporteur proposed an increase from 15% to 17.5% in income tax (IR), withheld from interest on equity (JCP), a means for companies to remunerate shareholders. This increase will be valid from 2026 and will bring in around 2.5 billion reais.
It also established an increase in taxation on fintechs and other financial institutions benefiting from a reduced rate of social contribution on net profit (CSLL). The 9% rate, for example, will cease to exist and will be charged at 12% in 2026 and 2027 and 15% from 2028. For cases where the current rate is 15%, the percentages will be increased to 17.5% in 2026 and 2027, and to 20% from 2028. The expected effect is 1.6 billion reais.
The text also proposes an “indirect” increase in taxes on betting houses. Over the next three years, the share of betting in revenue will increase from 88% to 85%. The three additional percentage points will be returned to social security. The estimated impact on revenue is 1.7 billion reais over two years.
Still on betting, the rapporteur included rules to hold accountable those who disclose betting houses that operate irregularly. “Our intention is to curb the proliferation of illegal games that exploit the vulnerabilities of the population, particularly those on low incomes.”
In addition to the question of fundraising, the rapporteur’s opinion revives the resources of parliamentary amendments committed and unresolved. The text authorizes the revalidation of unprocessed unpaid balances recorded between 2019 and 2022 that have been canceled, allowing their settlement by the end of 2026.
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