Brazil hits mark of R$ 700 billion in taxes, data from the Brazilian Taxometer(Impostômetro)

Brazil reaches, on Tuesday (June 19th), the mark of R$ 700 billion in federal, state and municipal taxes paid from the first day of this year, according to data from the Taxometer(Impostômetro of the Commercial Association of São Paulo).

This year, the mark will be reached about four days earlier than last year, when the amount was reached on June 23, which proves the growth in tax revenues.

In 2005, Brazil raised R$ 773 billion, while revenues in 2006 increased 11.3%, compared to the previous year. In 2007, the value of accrued taxes increased by R$ 110 billion, 13.5% more than in 2006.

In 2008, revenue was 13.9% higher than in 2007 and in 2009, revenues increased from R$ 34 billion, or 3.2% over the preceding year.

Finally, in 2010, the annual tax revenue rose 10.3%, compared to the year 2009, and in 2011 were collected R$ 1.5 trillion, an increase of 15% compared to 2010.

Taxometer (Impostômetro)
The Taxometer panel(Impostômetro) was inaugurated on 20 April 2005 and it’s installed in the headquarter building of the ACSP.

Also online, (www.impostometro.com.br) every citizen can track the total taxes paid by brazilians to the federal, state and local governments, according to states and municipalities.

The system also informs the total taxes paid since January 2000 and makes estimates of how much will be paid by December of this year.

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Joe Cloud
Dutch, American, Brazilian... lived there for 5 years and owns property in Brazil. Out of the country for a few years now and would like to go back, however current circumstances tell me it's not the right time.

Published by Joe Cloud

Dutch, American, Brazilian... lived there for 5 years and owns property in Brazil. Out of the country for a few years now and would like to go back, however current circumstances tell me it's not the right time.