
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
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
Oil & Gas Revenues:
- Total government revenue from oil & gas in 2022: $9.4 billion
- Share of oil & gas activity covered: 23.6%
Source: PBPR