Total Tax Rate (As % of Commercial Profits) remained unchanged in Brazil in 2018

Total Tax Rate (As % of Commercial Profits) (%)
Economy | Brazil | December 2, 2019
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Total tax rate as a percentage of commercial profits reached 0.651 % in 2018 in Brazil, according to the National Statistical Office. This is the same as in the previous year.

Historically, total tax rate as a percentage of commercial profits in Brazil reached an all time high of 69.0 % in 2005 and an all time low of 0.651 % in 2017. When compared to Brazil's main peers, total tax rate as a percentage of commercial profits in Bolivia amounted to 0.837 %, 0.368 % in Peru and 0.646 % in Venezuela in 2018.

Brazil has been ranked 12th within the group of 172 countries we follow in terms of total tax rate as a percentage of commercial profits, 9 places behind the position seen 10 years ago.

The total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits.

Total Tax Rate (As % of Commercial Profits) Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Bolivia % 0.834% 0.837% 0.837% 0.837% 0.837%
Brazil % 68.5% 0.661% 0.660% 0.656% 0.653%
Chile % 0.277% 0.277% 0.289% 0.299% 0.314%
Colombia % 0.787% 0.788% 0.799% 0.723% 0.722%
Guyana % 0.359% 0.320% 0.323% 0.323% 0.323%
Paraguay % 0.350% 0.350% 0.350% 0.350% 0.350%
Peru % 0.374% 0.374% 0.373% 0.373% 0.356%
Trinidad and Tobago % 0.310% 0.315% 0.320% 0.322% 0.320%
Venezuela % 0.615% 0.650% 0.650% 0.647% 0.650%