Brazil’s August federal tax revenue up 7.25% over last year, sets record

Federal tax revenue in August reached US$28 billion.

RIO DE JANEIRO, BRAZIL - According to Federal Treasury data released Thursday, the amount of federal tax revenue in the month reflects an increase of 7.25% compared to the same month last year, adjusted for inflation.

From January through August, the total amount of taxes and fiscal levies reached R$1.199 trillion (US$226 billion), 23.53% more than in the same period in 2020. According to the Treasury, it is the highest revenue for the month and period since 2000.

This year, only January posted a decrease compared to last year. In the other months, the Treasury registered . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?