Tag: Brazil taxes

• Wednesday, January 14th 2015 - 09:19 UTC

  Brazil anticipates 'program of targeted tax increases' and 'fare realism' for power and fuel

  

  Brazil's finance minister said on Tuesday a program of targeted tax increases was designed with the intention to not harm fragile growth in Latin America's largest economy. Joaquim Levy also pledged 'fare realism' for electricity bills and fuel prices based on 'business reasons'.

• Thursday, May 1st 2014 - 07:33 UTC

  Brazil raises taxes on beer and sodas; primary surplus slightly down in March

  

  The Brazilian government will raise taxes on beers, sodas and other beverages in a move that will raise an extra 1.5 billion Reais (674 million dollars) in revenue to help meet the fiscal savings goal. Earlier this month, the government had already announced a tax hike on beer to bolster fiscal accounts that have been hit hard over the last three years by rising subsidies, higher spending and an economic slowdown.

• Monday, March 11th 2013 - 05:32 UTC

  Brazil to scrap federal taxes on food staples to lower inflation

  

  Brazil announced it will scrap federal taxes on certain food staples and toiletries, the latest in a series of measures to curb prices after a surprise jump in inflation in February triggered alarm bells.