Brazil is going through a dark moment, filled with many lies and cover-ups of the truth, violations of essential rights such as the right to protest against the current government.
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Investidores - Brasileiros
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BullishIncrease in the IOF rate boosts federal revenue
Government revenue reached R$ 234.5 billion in June of this year, the Federal Revenue Service (RF) reported this Thursday. The amount represents a real growth of 6.6% compared to the same month in 2024, when the collected amount was R$ 220 billion, already adjusted for inflation.
The RF emphasizes that this is the highest revenue ever recorded for the month of June since the beginning of the historical series in 1995. The result was mainly driven by the temporary increase in the Tax on Financial Transactions (IOF), adopted by the government in mid-May.
“The IOF generated a revenue of R$ 8.02 billion, representing a real growth of 38.83%. This performance can be justified by operations related to the outflow of foreign currency and credit operations aimed at legal entities, especially due to changes in the tax legislation,” the RF informed.
Source: Correio do Brasil
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Government revenue reached R$ 234.5 billion in June of this year, the Federal Revenue Service (RF) reported this Thursday. The amount represents a real growth of 6.6% compared to the same month in 2024, when the collected amount was R$ 220 billion, already adjusted for inflation.
The RF emphasizes that this is the highest revenue ever recorded for the month of June since the beginning of the historical series in 1995. The result was mainly driven by the temporary increase in the Tax on Financial Transactions (IOF), adopted by the government in mid-May.
“The IOF generated a revenue of R$ 8.02 billion, representing a real growth of 38.83%. This performance can be justified by operations related to the outflow of foreign currency and credit operations aimed at legal entities, especially due to changes in the tax legislation,” the RF informed.
Source: Correio do Brasil
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