Country Profile: Brazil

Tax to GDP ratio: 33.271

Financial Transactions Tax (FTT): Yes – tax in place

  • Maximum rate of 1.5%
  • For IOF (Name of Brazilian FTT), on the spot-purchase of foreign currencies in cash (IOF-FX) a rate of 1.10% is now imposed, (Burnleit and Girlat 2018, 15).

 

Source: Not specified

Aviation: Yes – Tax in place

  • Domestic flights: Embarkation fee: BRL 8.01-19.62
  • International flights: Embarkation fee: 36 USD
  • Beneficiary of aviation tax: Not specified

 

Source

Carbon Price: Yes – Carbon pricing instrument in place

  • Instruments: National ETS
  • % of emissions covered: Not specified
  • Price: Not specified
  • Revenue: Not specified
  • Sectors covered: Not specified
  • Offsetting: Not specified

 

Source

Oil & Gas Revenues:

  • Total government revenue from oil & gas in 2022: $9.4 billion
  • Share of oil & gas activity covered: 23.6%

 

Source: PBPR

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