Japan’s tax revenue is expected to have surpassed 84 trillion yen ($516.9 billion) in fiscal 2025, marking a record high for the sixth consecutive year, according to government sources cited by Channel NewsAsia.
The projected increase underscores the resilience of Japan’s fiscal intake despite broader economic headwinds.
Similarly, Brazil’s federal government reported record tax collections in May, rising 10.
While the final official figures have not yet been released, the sources indicate that the collections have maintained an upward trajectory, driven by sustained economic activity and corporate profitability.
This development aligns with a broader trend of robust tax collections across major economies.
Recent data from South Korea showed a nearly 19 percent year-on-year increase in May tax revenues, fueled by higher household incomes and capital gains from equity market rallies.
Similarly, Brazil’s federal government reported record tax collections in May, rising 10.7 percent in real terms.