Impostometer takes first annual fall: $89.5 bn less in 2020

For the first time since it was created, in 2005, the Impostômetro of the Commercial Association of São Paulo (ACSP) registered an annual drop in tax collection in the country. The entity estimates that Brazil will end the year with a 17.85% reduction, or R$447 billion ($89.5 bn), in municipal, state and federal tax collection compared to 2019. Last year, the amount collected was R$ 2.5 trillion ($500 bn).

Source: Isto É