Bloomberg News

Brazil Tax Revenue Rose 12% in February From Year Earlier

March 27, 2012

Brazil’s federal tax revenue rose 12 percent in February from a year earlier, led by taxes on companies and banks, the federal tax agency said.

The government collected 71.9 billion reais ($39.6 billion) in the month, the agency said in a report distributed today in Brasilia. Revenue from companies and banks climbed 33 percent from the year earlier to 13.1 billion reais.

Taxes on cars tumbled 21 percent over the same period, while import tariffs gained 8.6 percent on the stronger dollar, the agency said.

The median estimate of 10 economists surveyed by Bloomberg was for tax collection of 73.1 billion reais.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at mlima11@bloomberg.net.

To contact the editor responsible for this story: Harry Maurer at hmaurer@bloomberg.net.


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