Brazil: Federal tax collection totals US$343 billion and sets a record in 2021

After slowing down in November, tax collection grew in December, totaling R$193.9 billion for the month. This represents a 10.76% increase in relation to that recorded in December 2020, also discounting inflation.

RIO DE JANEIRO, BRAZIL - The economy's recovery and taxes on profits and income ensured record revenue in 2021. According to figures released today (25) by the Federal Revenue Service, the federal government collected R$1.879 trillion (US$343) last year, a growth of 17.36% compared to that recorded in 2020, discounting official inflation by the National Wide Consumer Price Index (IPCA).

The result was slightly above the specialists' forecast. According to the Fiscal Prism, a monthly survey of market analysts released by the Ministry of Economy, financial institutions estimated the collection of R$1.864 trillion in . . .

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