{"id":3054,"date":"2026-01-21T10:30:11","date_gmt":"2026-01-21T13:30:11","guid":{"rendered":"https:\/\/oliveiraalves.com.br\/?p=3054"},"modified":"2026-01-21T14:25:36","modified_gmt":"2026-01-21T17:25:36","slug":"plp-128-2025-reducao-linear-de-beneficios-fiscais-e-aumento-de-tributacao-sobre-jcp-fintechs-e-apostas-bets","status":"publish","type":"post","link":"https:\/\/oliveiraalves.com.br\/en\/plp-128-2025-reducao-linear-de-beneficios-fiscais-e-aumento-de-tributacao-sobre-jcp-fintechs-e-apostas-bets\/","title":{"rendered":"PLP 128\/2025: Linear Reduction of Tax Incentives and Increased Taxation on JCP, Fintechs, and Fixed-Odds Betting (Bets)"},"content":{"rendered":"

In the early hours of December 17, 2025<\/strong>, the Plenary of the Chamber of Deputies<\/strong> approved Complementary Bill No. 128\/2025<\/strong>, which introduces a linear 10% reduction in federal tax incentives<\/strong> and increases taxation on certain sectors\u2014most notably Interest on Equity (JCP)<\/strong>, financial institutions\/fintechs<\/strong>, and fixed-odds betting (bets)<\/strong>.<\/p>\n

The bill now proceeds to the Federal Senate<\/strong>, where its approval is considered strategic by the Federal Government<\/strong> to enable the 2026 Federal Budget<\/strong>.<\/p>\n

    \n
  1. Linear Reduction of Tax Incentives<\/strong><\/li>\n<\/ol>\n

    PLP 128\/2025 establishes a uniform 10% cut<\/strong> to federal tax benefits, incorporating proposals from the Executive Branch and the Senate, with the aim of rationalizing tax expenditures<\/strong> and broadening the revenue base<\/strong>.<\/p>\n

    Taxes and regimes affected:<\/strong><\/p>\n

      \n
    • PIS\/Pasep and PIS\/Pasep-Importation<\/strong><\/li>\n
    • Cofins and Cofins-Importation<\/strong><\/li>\n
    • IRPJ and CSLL<\/strong><\/li>\n
    • Import Tax (II)<\/strong><\/li>\n
    • IPI<\/strong><\/li>\n
    • Employer Social Security Contributions<\/strong><\/li>\n<\/ul>\n

      The reduction also applies to specific regimes and incentives, including:<\/p>\n

        \n
      • Presumed Profit Regime (Lucro Presumido)<\/strong> (with reservations)<\/li>\n
      • REIQ (Special Regime for the Chemical Industry)<\/strong><\/li>\n
      • Presumed credits of IPI, PIS, and Cofins<\/strong><\/li>\n
      • Zero or reduced PIS\/Cofins rates<\/strong> on fertilizers and agricultural pesticides<\/li>\n<\/ul>\n
          \n
        1. Benefits Protected from the Reduction<\/strong><\/li>\n<\/ol>\n

          The following are expressly excluded from the linear cut<\/strong>:<\/p>\n

            \n
          • Constitutional tax immunities<\/strong><\/li>\n
          • Manaus Free Trade Zone<\/strong><\/li>\n
          • Basic food basket products<\/strong> (zero-rate taxation)<\/li>\n
          • Incentives granted for a fixed term<\/strong>, where onerous conditions have already been met<\/li>\n
          • Minha Casa, Minha Vida<\/strong> and Prouni<\/strong> programs<\/li>\n
          • Tax compensation related to free electoral broadcasting time<\/strong><\/li>\n
          • Industrial policy incentives<\/strong>, especially in the IT, communications, and semiconductor sectors<\/strong><\/li>\n<\/ul>\n
              \n
            1. Presumed Profit Regime: Transitional Rule<\/strong><\/li>\n<\/ol>\n

              The Presumed Profit Regime<\/strong> is included within the scope of the reduction, limited to companies with annual gross revenue exceeding R$ 5 million<\/strong>.<\/p>\n

                \n
              • Simples Nacional companies<\/strong> (up to R$ 4.8 million) remain fully excluded<\/strong>.<\/li>\n
              • The threshold will be applied proportionally by assessment period and economic activity<\/strong>, allowing for adjustments throughout the fiscal year.<\/li>\n<\/ul>\n
                  \n
                1. Interest on Equity (JCP)<\/strong><\/li>\n<\/ol>\n

                  The bill increases the JCP tax rate to 17.5%<\/strong>, a measure intended to offset revenue losses<\/strong> resulting from adjustments to the Presumed Profit Regime and to strengthen fiscal balance<\/strong>.<\/p>\n

                    \n
                  1. CSLL for Financial Institutions and Fintechs<\/strong><\/li>\n<\/ol>\n

                    PLP 128\/2025 recalibrates CSLL rates<\/strong>, with a phased implementation<\/strong>:<\/p>\n

                      \n
                    • Payment institutions, exchanges, clearing and settlement entities, and similar entities<\/strong>:\n
                        \n
                      • 12% until 2027<\/strong><\/li>\n
                      • 15% as of 2028<\/strong><\/li>\n<\/ul>\n<\/li>\n
                      • Credit, financing, and investment companies<\/strong>:\n
                          \n
                        • 17.5% until 2027<\/strong><\/li>\n
                        • 20% as of 2028<\/strong><\/li>\n<\/ul>\n<\/li>\n
                        • Banks<\/strong>:\n
                            \n
                          • 20% rate<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                            Certain institutions\u2014such as brokerage firms, securities dealers, card administrators, and credit cooperatives<\/strong>, among others\u2014will be subject to a flat 15% rate from the first year<\/strong>, without phased increases.<\/p>\n

                              \n
                            1. Fixed-Odds Betting (Bets)<\/strong><\/li>\n<\/ol>\n

                              Taxation on bets will be gradually increased from 12% to 15%<\/strong>, with an annual increase of 1 percentage point<\/strong>:<\/p>\n

                                \n
                              • 13% in 2026<\/strong><\/li>\n
                              • 14% in 2027<\/strong><\/li>\n
                              • 15% in 2028<\/strong><\/li>\n<\/ul>\n

                                The additional revenue will be allocated to social security<\/strong>, with 50% of the funds mandatorily directed to healthcare actions<\/strong>.<\/p>\n

                                The bill also strengthens sector regulation by establishing:<\/p>\n

                                  \n
                                • Joint and several liability<\/strong> of financial and payment institutions for tax collection;<\/li>\n
                                • Liability of companies that advertise unauthorized operators<\/strong>, as a mechanism to curb irregular activity.<\/li>\n<\/ul>\n
                                    \n
                                  1. Other Relevant Provisions<\/strong><\/li>\n<\/ol>\n

                                    The rapporteur accepted amendments that:<\/p>\n

                                      \n
                                    • Tighten criminal sanctions<\/strong> for offenses involving assets protected by tax immunities;<\/li>\n
                                    • Earmark betting-tax revenues<\/strong> for social security, with a minimum allocation to public health<\/strong>.<\/li>\n<\/ul>\n
                                        \n
                                      1. Final Considerations<\/strong><\/li>\n<\/ol>\n

                                        PLP 128\/2025 signals a structural shift in tax-expenditure policy<\/strong>, with direct impacts on corporate tax and structuring strategies<\/strong>, particularly in the financial, digital, and betting sectors<\/strong>.<\/p>\n

                                        Approval by the Federal Senate<\/strong> will be decisive for consolidating the final text and defining tax-adaptation strategies for 2026 and subsequent years<\/strong>.<\/p>\n

                                        Potentially affected taxpayers are advised to conduct a preventive impact assessment<\/strong>, revisiting business models<\/strong>, capital structures<\/strong> (especially JCP), and adopted tax regimes<\/strong>.<\/p>","protected":false},"excerpt":{"rendered":"

                                        In the early hours of December 17, 2025, the Plenary of the Chamber of Deputies approved Complementary Bill No. 128\/2025, which introduces a linear 10% […]<\/p>\n","protected":false},"author":2,"featured_media":3076,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tributario"],"acf":[],"_links":{"self":[{"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/posts\/3054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/comments?post=3054"}],"version-history":[{"count":3,"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/posts\/3054\/revisions"}],"predecessor-version":[{"id":3134,"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/posts\/3054\/revisions\/3134"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/media\/3076"}],"wp:attachment":[{"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/media?parent=3054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/categories?post=3054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/oliveiraalves.com.br\/en\/wp-json\/wp\/v2\/tags?post=3054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}