Brazil’s government got a big boost in revenues in November from a fuel tax hike and beefed up collection of tax arrears, the Federal Tax Authority said Tuesday. November revenues totaled R$115 billion, representing an inflation-adjusted increase of 9.5% over the same month in 2016. But year-to-date revenues are still barely ahead of 2016 levels. January through November revenues of R$1.205 trillion are up just 0.13%, in inflation-adjusted terms, from the same period a year earlier. Officials are hoping for another big boost in revenues in December from continued tax arrears collections. In November, the government collected R$5.5 billion in tax arrears.
Link to government news service releaseMore Testimonials