巴西7月份联邦税收收入创历史新高

Core Insights - Brazil's federal tax revenue reached a record high of 254.2 billion reais in July, marking a 4.6% year-on-year increase compared to 2024's 231 billion reais and a slight rise from June's 234.6 billion reais [1] - From January to July, total federal tax revenue amounted to 1.679 trillion reais, a 4.4% increase year-on-year, surpassing the previous year's figure of 1.529 trillion reais [1] - The financial transaction tax (IOF) showed significant growth, with July's revenue at 6.5 billion reais, up 7.56 billion reais year-on-year, and a cumulative revenue of 43.5 billion reais from January to July, reflecting a 9.42% increase [1] Tax Revenue Breakdown - In July, tax revenue directly managed by the Federal Revenue Service was 239 billion reais, a 5.75% increase year-on-year, while revenue managed by other agencies was 15.2 billion reais, down 11% [1] - Tax exemptions in the same period amounted to approximately 10.1 billion reais, with a cumulative exemption of about 70.85 billion reais for the first seven months of the year [1] IOF Tax Rate Adjustments - The government announced an increase in the IOF tax rate in May, aiming to raise an additional 20 billion reais by 2025, but faced strong opposition from the market and Congress [2] - The Attorney General's Office filed an appeal to the Supreme Federal Court, which ruled to restore the effectiveness of the presidential decree to raise the IOF tax rate, while excluding certain provisions to prevent large-scale disputes between the government and businesses [2]