Brazilian federal tax revenue is the total tax received by the federal government. In December 2020, the federal government collected revenues of BRL 159 billion, an increase of 13.5 percent over the previous month. It represents an increase of 7.8 percent compared to the same month of the previous year.

December 2020

Sources of Tax Revenue

The major sources of federal tax revenue are social security contributions, income taxes, and goods and services taxes.

Social Security Contributions, the largest revenue source, accounted for BRL 62 billion (39%), followed by Income tax (32%) and Goods and Services Taxes (22%).

The Top 10 Taxes

There are several taxes collected by the federal government. See below the top 10 taxes for December 2020.

Federal Tax by Region

The Southeast has the largest federal tax revenue of all regions. It accounted for BRL 98 billion (61%), followed by the South (15%), the Midwest (11%), the Northeast (9%), and the North (3%).

Top 10 states:

São Paulo (SP) contributes the most taxes to the federal budget, followed by Rio de Janeiro (RJ).

Year-to-Date Tax Revenue

The year-to-date federal tax revenue in 2020 is BRL 1.479 trillion. In the same period of the last year, the tax revenue was 1.537 trillion, a decrease of 3.8 percent.

Average Monthly Tax Revenue

The average monthly tax revenue in 2020 is BRL 123 billion.

Federal tax revenues are collected by the Brazilian federal revenue service agency (RFB), short for Receita Federal do Brasil in Portuguese. States and cities also collect taxes on goods and services.

See the article below for a brief description of the main taxes in Brazil.

Main Taxes In Brazil