The general government's gross tax burden reached 32.32% of GDP in 2024

The fiscal pressure rose in 2024 to 37.3% of gross domestic product (GDP), three tenths more than just one year before and after two downwards, due to the disappearance of tax rebates and the progressive recovery of tax rates such as VAT on basic foodstuffs, which gradually recovered since the second half of the year.According to data from the Ministry of Finance, last year the State raised 381.436 million euros in taxes (7.7% more) and 210.240 …

Data released by the National Treasury indicate that the tax burden in Brazil reached 32.3% of the Gross Domestic Product (GDP) in 2024, marking the highest level in 15 years. This significant increase reflects the sum of taxes and contributions collected by all levels of government: federal, state, and municipal. Compared to the previous year, 2023, there was an increase of 2.06 percentage points, with federal taxation being the main responsibl…

Reasons: taxation of offshore companies and end of fuel exemptions The post Tax burden: preview rises to 32.32% of GDP in 2024 appeared first on Monitor Mercantil.

The Brazilian tax burden increased 2.06 percentage points (p.p.) in 2024 and reached 32.32% of the Gross Domestic Product (GDP). It is the highest level in the historical series, which began in 2010. The tax burden reaches 32.3% of GDP and reaches the highest level in the historical series | Photo: Reproduction/Social Networks The information was released this Friday, the 28th, by the National Treasury in the Tax Burden Estimation Bulletin. The …

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The Brazilian tax burden reached 32.3% of GDP (Gross Domestic Product) in 2024, the highest level in 15 years, according to data released this Friday (28) by the National Treasury. Read more (03/28/2025)