Brazil’s tax administration, the country’s federal tax revenue rose 2.68% year-on-year to BRL 83.2bn in August 2013, has released on 26 September 2013.
The statistics show that from January to August the government collected BRL722.2bn in tax revenue, representing growth of 0.79% from the same period in 2012.This increase in tax revenue was mainly due to a 13.4% rise in corporate income tax and a 9.1% increase in the CSLL welfare tax on net profits in August 2013. The revenue from the IOF tax on financial transactions is decrease by 8.7% in August and the federal social security system revenue increased by 1.9%.
