Country Profile: Brazil
Tax to GDP ratio: 32.0%
Progressive Vertical Index (PVI): 0.6850 — Regressive
Aviation: Yes – Tax in place
Passenger Embarkation Fees
- Domestic flights:
- 1st category airport: BRL 18.62 (€ 7.99)
- 2nd category airport: BRL 15.42 (€ 6.62)
- 3rd category airport: BRL 11.58 (€ 4.97)
- 4th category airport: BRL 8.01 (€ 3.44)
- International flights: € 30.70 per passenger
Financial Transactions Tax (FTT): Yes – tax in place
IOF-credit with Brazilian companies: 0.95% + 0.0082% per day (limited to 3.95% for fixed-term credit)
IOF-FX — short-term loans (up to 364 days): 3.5%
IOF-FX — payments with credit and debit cards/international prepayments: 3.5%
IOF-FX — making available in foreign bank account: 3.5% (except for purposes of investment which continue at 1.1%)
IOF-FX — acquisition of foreign currency (in cash): 3.5%
IOF-FX – outbound general rate (includes acquisition of certain shares, capital reductions, royalties, services, among others): 3.5%
Oil & Gas Revenues:
- Total government revenue from oil & gas in 2022: $9.4 billion
- Share of oil & gas activity covered: 23.6%
Source: PBPR
These figures represents an aggregate of fossil fuel revenues collected through various fiscal instruments, including royalties, taxes, and production entitlements.
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