Brazil’s Federal Revenue Rises 5.62% Above Inflation in September

Brazil collected R$239.384 billion in federal revenue in September, a 5.62% increase from a year earlier after adjustment for IPCA inflation, according to Receita Federal’s monthly report released October 22. Revenue for January through September totaled R$2.351466 trillion, up 6.97% in real terms. The agency cited social-security contributions, PIS/Cofins levies, capital-income withholding tax, corporate income tax and the social contribution on net profit among the contributors. It also highlighted the crude-oil export tax, which generated R$2.943 billion in September and R$12.869 billion over January through September.