Brazil: average tax rates of global big techs vs. other big companies 2017-2019

Published by
Federica Laricchia,
Mar 24, 2023
Between 2017 and 2019, the net profit of big techs like Amazon Web Services, Google, and Facebook in Brazil was taxed at 4.5 percent, on average. For other big companies, the average tax rate on net profit was over four times higher in that South American country, amounting to 19 percent.

Average tax rates on net profit of global big techs versus other big companies in Brazil between 2017 and 2019

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Release date

April 2021

Region

Brazil

Survey time period

between 2017 and 2019

Special properties

only companies whose annual gross revenue amounted to over three billion Brazilian reals

Supplementary notes

* A total of 11 companies, including Amazon Web Services, Google, Facebook, Uber, 99 (owned by Beijing-based DiDi), and iFood (owned by Campinas-based Movile).

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