Federal tax collection reached $368.9 billion in 2019

The collection of federal taxes in 2019 totaled $368.9 billion in Brazil. Real growth—inflation deducted—stood at 1.69 percent compared to the year prior. The figures were released by the Secretariat of the Federal Revenue today (Jan. 23)

The 2019 results are reported to come as a result of the performance of the economic activities as well as “not recurrent factors,” like mergers and major acquisitions among corporations.

The economic sectors with the most significant impact on the result include financial entities, mining, electricity, wholesale, and auxiliary financial activities.

In December, the total collection of federal taxes added up to $35.4 billion, with a real growth of 0.08% from December 2018.