Brazil’s Federal Revenue reported BRL 114 billion collected, up only 0.06% from September 2018, but still the highest amount for the month since 2014.
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USD 29 billion went into the government’s coffers during the month, the highest result for the month since 2014.
Federal revenue reached almost USD 32 billion in the month, up 4.7% from a year ago, when the truckers’ strike impaired collection.
USD 34 billion went into the government’s coffers during the month in Brazil, with collection driven by oil royalties.
Federal government collected USD 28 billion last month, a 0.58% drop over March last year.
The amount collected in February was BRL 115 billion, up 5.3% from a year ago.
Government collection amounted to USD 383 billion in 2018. It was the biggest amount since 2014.
The amount collected by government is down 0.27% from November 2017.
Setting up a company in Brazil used to take eight days in 2017. Now it takes five, as per a survey from the Brazilian Federal Revenue Office.
The Brazilian government saw revenue go up 1.08% year-on-year.
Tax collection was up 12.8%, driven mainly by improved results from businesses.
Federal tax collection rose 2% in Brazil last month in comparison to the same period of 2017. It was the highest amount since 2015.
The government saw BRL 603.4 billion year-to-date through May. One of the factors driving the hike was instalment payments by debtors.
