Federal September tax collection in Brazil increases 12.87%, reaching record level

RIO DE JANEIRO, BRAZIL – Brazil’s federal government’s tax collection had a real increase of 12.87% in September over the same month last year, reaching R$149.102 (US$26) billion, the highest amount ever recorded for the month since recoreds began in 1995, said the Federal Revenue Service on Tuesday.

According to a Reuters poll of analysts, the result was slightly above the expected collection of R$147.85 billion.

From January to September, the federal tax revenue grew 22.30%, also in real terms, adding up to R$1.349 trillion – also a record for the period.

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