Brazil January tax revenue hits record high following Lula income tax overhaul
Brazil's tax revenue reached a record 325.8 billion reais in January. The increase follows President Lula's tax overhaul aimed at balancing public accounts.
Brazil 
BR recorded its highest federal tax revenue for the month of January on record, totaling 325.8 billion reais. This figure represents a 3.56% increase in real terms compared to the same period last year, according to data released by the Brazilian federal tax revenue service. This result marks the first monthly revenue outcome since the implementation of a major income tax overhaul under the administration of Luiz Inacio Lula da Silva.
BR recorded its highest federal tax revenue for the month of January on record, totaling 325.8 billion reais. This figure represents a 3.56% increase in real terms compared to the same period last year, according to data released by the Brazilian federal tax revenue service. This result marks the first monthly revenue outcome since the implementation of a major income tax overhaul under the administration of Luiz Inacio Lula da Silva.
