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Federal tax revenue in Brazil grows 1.41% and sets a record in November

RIO DE JANEIRO, BRAZIL - Driven by the economic recovery and extra tax revenues linked to corporate profits, the federal tax collection hit a record high for the month of November.

According to data released today (21) by the Federal Revenue Service, the government collected R$157.34 (US$27.3) billion last month, with an increase of 1.41% above inflation in values corrected by the National Wide Consumer Price Index (IPCA).

The amount is the highest in history for the month of November since the beginning of the historical series of the Federal Revenue Service in 1995, in inflation . . .

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