Brazil’s tax revenues through August at US$274 billion are the highest in the country’s history
In August, Brazil’s federal government tax revenues totaled R$172.3 billion (US$32 billion).
This is the highest result for a month in the historical series that began in 1995.
The Federal Tax Service released the data on Tuesday (Sep. 27).
Tax revenues in August comprised R$165.2 billion in revenues managed by tax authorities and R$7.13 billion in funds managed by other authorities.
Revenues increased by 8.2% in real terms in August compared to the same month of 2021, when they amounted to R$159.2 billion, according to the values updated by IPCA (National Wide Consumer Price Index).
However, the amount was lower than in July this year, when it reached R$202.6 billion at current values.
The actual decrease was 14.64%. In all months of 2022, the collection registered a real increase compared to the same period last year.
Compared to August 2021, the tax authorities recorded growth in service tax revenues (+6.30%), payroll (+17.52%), the dollar value of imports (+29.65%), and value of electronic invoices (+6.79%).
On the other hand, there was a decrease in revenues from industrial production (-0.04%) and trade (-6.8%).
In the case of the R$165.8 billion in revenues managed by the Tax Office, the “one-time” figures recorded a loss of R$650 million.
The reduced IPI rates (tax on industrial products) resulted in a loss of R$1.9 billion in August.
Cuts in PIS (social inclusion program) and Cofins (social security financing contribution) for fuels reduced revenues by R$3.75 billion.
However, R$5 billion was paid by companies in IRPJ (corporate income tax) and CSLL (social contribution on net profit).
JANUARY TO AUGUST
From January to August, tax collections totaled R$1.476 trillion (US$274 billion).
This is the highest result in the historical series that began in 1995.
This is 10.17% more than the same period last year.
During this period, revenues managed by the Federal Tax Service totaled R$1.371 trillion, while the balance was R$93.06 billion.
From January to August, payroll recorded the highest growth of 17.9% compared to the same period in 2021.
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Brazil — Live Market Board
+1.85%
171,031.73
+1.85%
65,729.18
+2.14%
11,338.38
+0.89%
2,913,184
+1.30%
2,459.23
+0.61%
58,698.13
+2.60%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 171,031.73 | +1.85% | +21.85% | 167,927.15 | 168,310 | 167,142 | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| SELIC | 14.00% | — | — | — | — | — | |
| PETR4 | 41.64 | -0.05% | +35.19% | 41.66 | 41.97 | 41.15 | 41,499,400 |
| VALE3 | 72.97 | +0.83% | +30.75% | 72.37 | 73.54 | 72.66 | 17,658,000 |
| ITUB4 | 38.60 | -1.03% | +4.57% | 39.00 | 39.34 | 38.39 | 29,487,800 |
| BBDC4 | 16.85 | +0.36% | +3.50% | 16.79 | 16.90 | 16.67 | 19,416,900 |
| BBAS3 | 19.37 | +0.47% | +0.73% | 19.28 | 19.44 | 19.16 | 11,069,200 |
| B3SA3 | 14.26 | -0.21% | +12.73% | 14.29 | 14.47 | 14.11 | 33,037,800 |
| ABEV3 | 14.89 | -0.80% | +21.91% | 15.01 | 15.07 | 14.81 | 16,453,100 |
| WEGE3 | 47.59 | +0.49% | +29.99% | 47.36 | 48.08 | 47.36 | 3,364,600 |
| PRIO3 | 59.14 | -0.19% | +50.67% | 59.25 | 59.81 | 58.74 | 3,325,600 |
| SUZB3 | 41.33 | +2.35% | -23.55% | 40.38 | 41.48 | 40.35 | 3,914,900 |
| RENT3 | 34.68 | -0.09% | +0.84% | 34.71 | 34.96 | 34.35 | 7,979,100 |
| AZZA3 | 15.89 | -2.63% | -53.76% | 16.32 | 16.42 | 15.82 | 1,330,300 |
| CSNA3 | 4.30 | +0.47% | -42.65% | 4.28 | 4.41 | 4.26 | 10,076,100 |
| GGBR4 | 24.69 | +2.19% | +51.38% | 24.16 | 24.85 | 24.18 | 7,047,600 |
| ENEV3 | 24.21 | -1.38% | +70.49% | 24.55 | 24.64 | 23.99 | 9,297,000 |
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