Brasília – Federal tax and contribution collection reached BRL 97.694 billion (USD 29.670 billion) in May, down 0.96% from May 2016. Year-to-date through May, collection reached BRL 544.485 billion (USD 165.364 billion), up 0.35% from the comparable period in 2016.
The information was released this Tuesday (20) by the Federal Revenue Service. The numbers are in real terms, meaning that the Extended Consumer Price Index (IPCA), which gauges inflation, has been factored in.
*Translated by Gabriel Pomerancblum
