Brazilians have paid US$363 billion in taxes already this year

Brazilians have paid R$2 trillion (US$363 billion) in taxes since the beginning of this year. The amount, estimated by the São Paulo Commercial Association's (ACSP) Taxometer, was reached on Wednesday, October 13.

RIO DE JANEIRO, BRAZIL - Last year, the R$2 trillion mark was reached only on December 22. The amount represents what was paid to the federal, state and municipal governments in the form of taxes, fees, fines and contributions.

"The resumption of economic activity, due to the progress of vaccination, is one of the main factors that led to the increase in the amount paid in taxes," said the association's economist Ulisses Ruiz de Gamboa.

He also highlights that the acceleration of inflation, which affects most of the prices of goods and services, contributed to the increase.

TAXOMETER

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