Group 1 - The Brazilian Federal Revenue Service reported that federal tax revenue in July reached 254.2 billion reais, the highest level for the same period since 1995, with a year-on-year increase of 4.6% compared to 2024's 231.0 billion reais and a month-on-month increase from June's 234.6 billion reais [1] - From January to July, the total federal tax revenue amounted to 1.679 trillion reais, marking a year-on-year growth of 4.4%, also a historical high, compared to 1.529 trillion reais in the same period of 2024 [1] - In July, tax revenue directly managed by the Federal Revenue Service was 239.0 billion reais, up 5.75% year-on-year, while revenue managed by other agencies was 15.2 billion reais, down 11% [1] Group 2 - The financial transaction tax (IOF) showed significant performance, generating 6.5 billion reais in July, an increase of 756 million reais year-on-year, and a cumulative revenue of 43.5 billion reais from January to July, reflecting a year-on-year growth of 9.42% [1] - The increase in IOF revenue is attributed to foreign exchange outflows, corporate credit, and financial securities transactions, partly due to recent legislative adjustments [1] - The government had previously announced an increase in the IOF tax rate in May, aiming to achieve fiscal targets for 2025, with an expected revenue increase of 20 billion reais, but faced strong reactions from the market and Congress [2]