Brazil's Ministry of Finance is expected to unveil a new fiscal proposal soon, which would once again target raised taxes.
The measure would aim to restore potential lost revenue, after Congress last week rejected the Government's provisional measure tied to the national Tax on Financial Operations (IOF).
The earlier proposal combined spending cuts with new taxes on banks and betting operators but expired before a vote in the Chamber of Deputies.
According to Senator Randolfe Rodrigues, the Government's leader in Congress, the upcoming proposal will split its provisions into two parts: taxation and expenditure control.
The revised text will retain the same fiscal goals but introduce clearer distinctions between revenue sources and spending reductions.
Rodrigues confirmed that the Government intends to maintain its stance on taxing both banks and online operators, highlighting the need for a more "didactic" structure to facilitate public debate.
The Ministry's new framework is expected to include differentiated tax rates for various betting models, imposing higher rates on casino-style games.
Rodrigues said the approach would mirror international examples such as the 50% betting tax applied in parts of the US.
Lindbergh Farias, leader of the Workers' Party in Brazil's Chamber of Deputies, has also intensified his push for higher taxes on online operators, calling on citizens to pressure Congress to act.
Farias criticized lawmakers who voted against the Government's provisional measure, describing their stance as "cowardly" and an obstacle to achieving tax fairness in the country.
"The fight to increase taxation on betting continues," he said, urging Brazilian citizens to sign a petition supporting the proposal.
"We are standing with President Lula and Finance Minister Haddad in the struggle for tax justice and the reduction of inequality. The bets must pay."
Earlier this month, a Rio de Janeiro court froze BR65m ($12m) in assets tied to an illegal online casino network
