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
+2.97%
177,866
+2.97%
66,496
+0.59%
11,057
+0.28%
3,280,224
+2.43%
2,307.67
+0.65%
56,194.27
+1.29%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 177,866 | +2.97% | +30.07% | 172,742 | 177,866 | 172,761 | — |
| USD/BRL | 5.11 | -0.17% | -8.50% | 5.12 | 5.13 | 5.10 | — |
| SELIC | 14.25% | — | — | — | — | — | |
| PETR4 | 39.65 | +1.12% | +22.98% | 39.21 | 39.97 | 39.34 | 27,213,400 |
| VALE3 | 74.18 | +1.41% | +34.19% | 73.15 | 74.66 | 73.12 | 22,118,800 |
| ITUB4 | 44.30 | +4.02% | +29.44% | 42.59 | 44.34 | 43.23 | 28,691,300 |
| BBDC4 | 18.86 | +4.78% | +16.85% | 18.00 | 18.87 | 18.32 | 47,714,200 |
| BBAS3 | 20.58 | +2.90% | -2.97% | 20.00 | 20.67 | 20.25 | 24,323,000 |
| B3SA3 | 15.42 | +4.26% | +9.44% | 14.79 | 15.53 | 15.19 | 41,437,800 |
| ABEV3 | 15.82 | +0.64% | +19.58% | 15.72 | 15.99 | 15.72 | 34,764,700 |
| WEGE3 | 46.51 | +1.68% | +16.57% | 45.74 | 46.80 | 46.11 | 7,145,200 |
| PRIO3 | 55.45 | -0.29% | +32.66% | 55.61 | 56.29 | 55.04 | 6,818,400 |
| SUZB3 | 41.55 | +1.27% | -16.65% | 41.03 | 41.87 | 41.20 | 8,080,900 |
| RENT3 | 41.10 | +4.31% | +7.45% | 39.40 | 41.32 | 40.31 | 8,338,600 |
| AZZA3 | 19.10 | +3.47% | -47.66% | 18.46 | 19.30 | 18.81 | 1,703,700 |
| CSNA3 | 5.18 | +7.92% | -37.82% | 4.80 | 5.20 | 4.95 | 14,591,200 |
| GGBR4 | 23.01 | +2.36% | +36.32% | 22.48 | 23.10 | 22.58 | 10,449,600 |
| ENEV3 | 27.55 | +5.15% | +107.61% | 26.20 | 27.55 | 26.61 | 16,185,800 |
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