Last year, the extraordinary collection of BRL 40 billion ($ 7.2 billion dollars) in Corporate Income Tax (IRPJ) and Social Contribution on Net Income (CSLL) in 2021 boosted revenues.
For the first ten months of 2021, the collection added up to $270.47 billion, 20.06 percent above the same period in 2020 and the highest value in the current time series, started in 1995.
In the view of Economy Minister Paulo Guedes, the result is a sign that the Brazilian economy is recovering. “The Brazilian economy continues to surprise us favorably,” he said after unveiling the figures.
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)
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