Brazil is a high-tax country. In 2002, the national tax revenue reached 447.04 billion reais, accounting for 36.1% of THE GDP of 1321.449 billion reais. This figure is similar to that of developed countries, but much higher than that of South Korea, Mexico and other Latin American countries. In contrast to the rich world, most of Brazil's tax revenues come from the production of capital goods and services.



Fifty per cent of Brazil's revenue comes from production, with income, profits and property taxes accounting for 24 per cent of the total.





In 2002, Brazil's four major taxes, namely goods circulation and services Tax, income tax, social security tax and social insurance tax, accounted for 67% of the national tax revenue, while property tax and other taxes accounted for 21%.





In 1995-2002, after the implementation of the Real plan, Brazil's average annual tax rate was 31.26%.













Brazil has one of the fastest growing tax rates in the world. According to data, Brazil's tax took up 16.3% of GDP from 1940 to 1959, 25.37% from 1960 to 1969, 27.68% from 1980 to 1989, 28.42% from 1990 to 1999, 34.23% on average from 2000 to 2002, and 36.1% from 2002.