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April Tax Collection Data Due

BRAZIL
  • April tax collection figures will be published by Brazil’s tax agency at 1430BST(0930ET), followed by a press conference at 1500BST. Analysts expect the government to have collected BRL 229bn last month, following BRL 190.6bn reais in March.
    • April Tax Collections, est. 229b, prior 190.6b
  • On the political front, the Senate may vote this week on a project that gradually reinstates payroll taxes for companies and municipalities from 2025 onward. This comes after the Supreme Court suspended for 60 days the previously issued injunction that overturned the exemption approved by Congress.
  • In other news, Valor reports that the government is planning a second ESG bond issuance this year. The date of the issuance will depend on the best moment in the market, according to Treasury Secretary Ceron.
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