Brazil · Country watch
Lula Extends Oil Tax, Rare Minerals Prioritized
Brazil extends oil export tax and prioritizes rare minerals, impacting energy and mining sectors.
The picture Stable How this is judged →
Business conditions in Brazil remain stable as the government extends the oil export tax and prioritizes rare minerals for investment. These regulatory changes impact the energy and mining sectors, while the legal decision on betting platforms affects the tech sector.
In this briefing Luiz Inácio Lula da Silva · Gecex · Ministry of Development, Industry, Commerce and Services · Policy for Critical and Strategic Minerals · Brazilian government · Tribunal Regional Federal da 3ª Região · CDA Gaming
Regulation
Lula extends 12% oil export tax until December
Part of: Lula's fuel subsidies and oil export tax extension →
The government of Luiz Inácio Lula da Silva has extended the 12% tax on crude oil exports until December 31, 2026. This decision was made by the Gecex (Comitê-Executivo de Gestão da Câmara de Comércio Exterior), part of the Ministry of Development, Industry, Commerce, and Services, according to Folha de S.Paulo. The tax extension aims to stabilize fiscal revenues amid fluctuating global oil prices. The tax was initially set to expire, but the government decided to prolong it to ensure continued revenue from oil exports.
Impact Oil exporters face continued tax pressure, affecting revenue projections.
Sources: Folha de S.Paulo ↗, Jornal de Brasília ↗
Brazil prioritizes rare minerals for investment
The Brazilian government has approved a list of 27 minerals classified as critical and strategic for the country's economic and industrial development. These minerals are prioritized into three categories: high, medium, and low, as per the Policy for Critical and Strategic Minerals (PNMCE). The decision, reported by A Tarde, aims to attract investment by offering new financing mechanisms and incentives. This move is part of a broader strategy to enhance Brazil's mineral sector and secure its role in global supply chains.
Impact Mining companies gain access to new investment incentives for rare minerals.
Court allows three betting platforms to resume
Part of: Lula's ban on betting companies in Brazil →
The Tribunal Regional Federal da 3ª Região (TRF3) has authorized three betting platforms, Casa de Apostas, Betsul, and Jogo Online, to resume operations in Brazil. This decision challenges a measure by President Luiz Inácio Lula da Silva that prohibited fixed-odds betting. The court's ruling, effective from November 5, 2026, mandates the federal government to comply or face a daily fine of R$ 200,000, according to O Globo. The AGU plans to appeal the decision.
Impact Betting platforms regain operational capacity, impacting the tech sector.
Nothing significant reported today in Disruption · Internal tension · Safety & health · Companies · Markets · Trade · Politics.
Also today in the local press
- Contas bloqueadas, revolta nas ruas e renúncia do presidente: vídeo explica a origem da crise no Paraguai — O Globo
- Imposto Seletivo: entenda cobrança sobre carros e quais ficarão isentos — O Globo
- Lula chama reunião para discutir criação do Ministério da Segurança Pública — O Globo
- Senado do Paraguai inicia julgamento político do presidente Santiago Peña — Jornal do Comércio
- Operação contra grupo suspeito de agiotagem prende escrevente de cartório em Campinas (SP) — Jornal de Brasília
- Paradoxo regulatório — O Globo
- MDIC abre consulta pública sobre acordo comercial Mercosul e Indonésia — Jornal de Brasília
- Inflação anual nos países da OCDE acelera a 4,5% em setembro, impulsionado por energia — Jornal de Brasília
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.