{"id":99006,"date":"2026-06-26T18:00:47","date_gmt":"2026-06-26T21:00:47","guid":{"rendered":"https:\/\/murray.adv.br\/?p=99006"},"modified":"2026-06-26T18:00:47","modified_gmt":"2026-06-26T21:00:47","slug":"oil-prices-boost-brazils-tax-revenue","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/","title":{"rendered":"Oil prices boost Brazil\u2019s tax revenue"},"content":{"rendered":"<section class=\"content--header\">\n<div class=\"row content-head non-featured \">\n<div class=\"medium-centered subtitle\">\n<h6 class=\"content-head__subtitle\" style=\"text-align: center\"><em><strong>Dividend withholding tax collections remain far below government target<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n<div class=\"content__signa-share\">\n<div class=\"content__signature\">\n<div class=\"content-publication-data\">\n<div class=\"content-publication-data__text\">\n<div class=\"content-publication-data__from\"><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p class=\"content-publication-data__updated\"><time datetime=\"2026-06-26T15:41:51.526-03:00\">06\/26\/2026\u00a0<\/time><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content__share-bar-container\">\n<div class=\"content__share-bar\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<div id=\"mc-article-body\" class=\"mc-article-body \">\n<article>\n<div class=\"no-paywall\">\n<div class=\"mc-column content-text active-extra-styles active-capital-letter\" data-block-type=\"unstyled\" data-block-weight=\"50\" data-block-id=\"1\">\n<p class=\" content-text__container theme-color-primary-first-letter\" data-track-category=\"Link no Texto\" data-track-links=\"\">Revenue from Brazil\u2019s export tax on crude oil appeared for the first time in the federal government\u2019s May tax collection figures after the levy was introduced in March. The tax generated R$1.05 billion in federal revenue last month, according to data released on Thursday (25) by the Federal Revenue Service.<\/p>\n<\/div>\n<div class=\"wall protected-content\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"62\" data-block-id=\"2\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">Claudemir Malaquias, head of the Revenue Service\u2019s Center for Tax and Customs Studies, explained that the export tax is collected 60 days after crude oil shipments are loaded. As a result, the first payments began to be recorded only in mid-May. According to BTG economist F\u00e1bio Serrano, revenue from the tax is expected to reach about R$3 billion per month going forward.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"19\" data-block-id=\"3\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The federal government temporarily reinstated the crude oil export tax at a 12% rate to offset diesel fuel subsidies.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"39\" data-block-id=\"4\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">According to tax authorities, higher oil prices also supported May\u2019s revenue by boosting royalty collections. Own-source revenue from other federal agencies\u2014a category that includes royalty transfers\u2014totaled R$10.477 billion in the month, up 56.28% in real terms from May 2025.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"40\" data-block-id=\"5\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">Overall, federal tax revenue reached R$266.79 billion in May 2026, an inflation-adjusted increase of 10.69% compared with the same month a year earlier. In the first five months of the year, collections totaled R$1.32 trillion, up 6.42% in real terms.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"37\" data-block-id=\"6\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">Revenue administered directly by the Revenue Service rose 9.39% in real terms in May to R$256.31 billion. Adjusted for inflation, May\u2019s total represented the highest amount ever recorded for the month since the series began in 1995.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"24\" data-block-id=\"7\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The Federal Revenue Service also reported that withholding income tax on dividend payments has generated only R$1.5 billion in revenue so far this year.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"40\" data-block-id=\"8\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">For 2026, however, the government expects to raise about R$30 billion through its minimum tax on high-income individuals. Of that amount, R$23.76 billion is expected to come from the taxation of dividend distributions and R$6.18 billion from income earned abroad.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"54\" data-block-id=\"9\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The measure was designed to offset the revenue loss resulting from expanding the personal income tax exemption threshold to monthly incomes of up to R$5,000 and granting a partial tax credit for taxpayers earning up to R$7,350 per month. According to government estimates, the personal income tax relief will reduce revenue by R$28 billion.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"47\" data-block-id=\"10\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">However, revenue from dividend taxation is not collected evenly throughout the year. Unlike the personal income tax relief, whose effects appear monthly through payroll withholding, receipts from dividend taxation depend on companies\u2019 profit distribution schedules, which can cause fluctuations in revenue over the course of the year.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"29\" data-block-id=\"12\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">The final settlement of the minimum tax will take place only in the following year\u2019s annual tax return. During the year, the minimum tax applies only to dividend distributions.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"26\" data-block-id=\"13\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">Meanwhile, according to the Federal Revenue Service, revenue from the Tax on Financial Transactions (IOF) was once again among the strongest contributors to federal tax collections.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"41\" data-block-id=\"14\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">IOF revenue rose 31.11% in May from the same month of 2025, totaling R$8.157 billion. The increase reflects the higher tax rates introduced by the Lula administration last year to boost revenue and support fiscal results in both 2025 and 2026.<\/p>\n<\/div>\n<div data-track-category=\"multicontent\" data-track-action=\"ultimo chunk conteudo\" data-track-noninteraction=\"false\" data-track-scroll=\"view\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"19\" data-block-id=\"15\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\">In the year through May, IOF revenue has increased 38.77% from the same period last year, reaching R$41.82 billion.<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\">*By\u00a0Giordanna Neves\u00a0\u2014 Bras\u00edlia<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\">Source: Valor international<\/p>\n<p>https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dividend withholding tax collections remain far below government target &nbsp; &nbsp; &nbsp; 06\/26\/2026\u00a0 Revenue from Brazil\u2019s export tax on crude oil appeared for the first time in the federal government\u2019s May tax collection figures after the levy was introduced in March. The tax generated R$1.05 billion in federal revenue last month, according to data released [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26996],"class_list":["post-99006","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-oil-prices-boost-brazils-tax-revenue"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Oil prices boost Brazil\u2019s tax revenue - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil prices boost Brazil\u2019s tax revenue - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Dividend withholding tax collections remain far below government target &nbsp; &nbsp; &nbsp; 06\/26\/2026\u00a0 Revenue from Brazil\u2019s export tax on crude oil appeared for the first time in the federal government\u2019s May tax collection figures after the levy was introduced in March. The tax generated R$1.05 billion in federal revenue last month, according to data released [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/\" \/>\n<meta property=\"og:site_name\" content=\"Murray Advogados\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-26T21:00:47+00:00\" \/>\n<meta name=\"author\" content=\"Gelcy Bueno\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gelcy Bueno\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/\"},\"author\":{\"name\":\"Gelcy Bueno\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\"},\"headline\":\"Oil prices boost Brazil\u2019s tax revenue\",\"datePublished\":\"2026-06-26T21:00:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/\"},\"wordCount\":551,\"keywords\":[\"Oil prices boost Brazil\u2019s tax revenue\"],\"articleSection\":[\"Murray News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/\",\"url\":\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/\",\"name\":\"Oil prices boost Brazil\u2019s tax revenue - Murray Advogados\",\"isPartOf\":{\"@id\":\"https:\/\/murray.adv.br\/en\/#website\"},\"datePublished\":\"2026-06-26T21:00:47+00:00\",\"author\":{\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\"},\"breadcrumb\":{\"@id\":\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\/\/murray.adv.br\/en\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Oil prices boost Brazil\u2019s tax revenue\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/murray.adv.br\/en\/#website\",\"url\":\"https:\/\/murray.adv.br\/en\/\",\"name\":\"Murray Advogados\",\"description\":\"PLG International Lawyers\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/murray.adv.br\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e\",\"name\":\"Gelcy Bueno\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/murray.adv.br\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g\",\"caption\":\"Gelcy Bueno\"},\"url\":\"https:\/\/murray.adv.br\/en\/author\/news\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Oil prices boost Brazil\u2019s tax revenue - Murray Advogados","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/","og_locale":"en_US","og_type":"article","og_title":"Oil prices boost Brazil\u2019s tax revenue - Murray Advogados","og_description":"Dividend withholding tax collections remain far below government target &nbsp; &nbsp; &nbsp; 06\/26\/2026\u00a0 Revenue from Brazil\u2019s export tax on crude oil appeared for the first time in the federal government\u2019s May tax collection figures after the levy was introduced in March. The tax generated R$1.05 billion in federal revenue last month, according to data released [&hellip;]","og_url":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/","og_site_name":"Murray Advogados","article_published_time":"2026-06-26T21:00:47+00:00","author":"Gelcy Bueno","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Gelcy Bueno","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/#article","isPartOf":{"@id":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/"},"author":{"name":"Gelcy Bueno","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e"},"headline":"Oil prices boost Brazil\u2019s tax revenue","datePublished":"2026-06-26T21:00:47+00:00","mainEntityOfPage":{"@id":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/"},"wordCount":551,"keywords":["Oil prices boost Brazil\u2019s tax revenue"],"articleSection":["Murray News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/","url":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/","name":"Oil prices boost Brazil\u2019s tax revenue - Murray Advogados","isPartOf":{"@id":"https:\/\/murray.adv.br\/en\/#website"},"datePublished":"2026-06-26T21:00:47+00:00","author":{"@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e"},"breadcrumb":{"@id":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/murray.adv.br\/en\/oil-prices-boost-brazils-tax-revenue\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/murray.adv.br\/en\/home\/"},{"@type":"ListItem","position":2,"name":"Oil prices boost Brazil\u2019s tax revenue"}]},{"@type":"WebSite","@id":"https:\/\/murray.adv.br\/en\/#website","url":"https:\/\/murray.adv.br\/en\/","name":"Murray Advogados","description":"PLG International Lawyers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/murray.adv.br\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/dd0d0bea46c2436124555d18c1a0d52e","name":"Gelcy Bueno","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/murray.adv.br\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1ef2acfe966d6deacdeccd2a24ea89192c41fd05fc60e57b79021358a47f5641?s=96&d=mm&r=g","caption":"Gelcy Bueno"},"url":"https:\/\/murray.adv.br\/en\/author\/news\/"}]}},"_links":{"self":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/99006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/comments?post=99006"}],"version-history":[{"count":2,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/99006\/revisions"}],"predecessor-version":[{"id":99008,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/posts\/99006\/revisions\/99008"}],"wp:attachment":[{"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/media?parent=99006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/categories?post=99006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/murray.adv.br\/en\/wp-json\/wp\/v2\/tags?post=99006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}