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Brazil’s federal tax collection up 18.3% in January

RIO DE JANEIRO, BRAZIL - After figures adjusted to the Extended National Consumer Price Index (IPCA), at 10.06%, last month's data represented a 18.3% improvement over January 2021.

Revenues administered by the Federal Government reached R$217.421 (US$43.3) billion in January 2022, representing a real increase of 14.66%.

According to Brazil's Central Bank, the increase was the result of atypical payments of Corporate Income Tax (IRPJ), Social Contribution on Net Income (CSLL) and of the deferral of the Individual Income Tax (IRPF) quotas originally due in 2021.

The IRPJ and CSLL posted a . . .

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