ブラジル 連邦税収増加 2020年12月

The tax revenues collected by the Brazilian federal government increased by 7.8% y/y, in nominal terms, to BRL 159bn in December 2020, reflecting the economic activity recovery. According to the Secretariat of Federal Revenue, the central government collected an extraordinary amount of deferred taxes and BRL 1.5bn in corporate taxes on income and profits in the last month of 2020.

In the while year, however, the federal tax revenues fell by 3.75% y/y, in nominal terms, to BRL 1,479bn, as the COVID-19 pandemic had a negative impact on the economic activity during the first half of 2020 and the government offered some tax exemptions to help companies survive. For example, the exemption on the tax of financial operations (IOF), incurred on loans, cost the government BRL 19.7bn in 2020.

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