In the accumulated result for the year, collection reached R$ 2 trillion, representing an increase above inflation of 8.8%. The value is the highest since 2000, for the accumulated period. The data on the collection from November are available on site of the Federal Revenue??
As for revenue managed by the Federal Revenue, the amount collected in November was R$ 165.64 billion, representing a real increase of 2.53%, while. in the accumulated period of January to November, collection reached R$ 1.88 trillion, a real increase of 7.16%.
The increase can be explained, mainly, by the increase in payments of Corporate Income Tax (IRPJ) and Social Contribution on Net Income (CSLL), which is levied on companies’ profits. According to the Revenue, they are important indicators of economic activity, especially in the productive sector.
corporate profit
Income from IRPJ and CSLL amounted to R$ 30.79 billion, with real growth of 15.16% over the same month of 2021. The result is explained by the real increase of 19.27% in the collection of the monthly estimate of companies. In calculating by monthly estimate, the actual profit is calculated annually, and the company is obliged to pay the tax monthly, calculated on an estimated basis.
The Revenue also observes that there were atypical payments of IRPJ and CSLL of approximately R$ 2 billion, by companies linked to the commodities (basic products traded on international markets), associated with mining and fuel extraction and refining.
In the accumulated result for the year, IRPJ and CSLL amounted to R$ 460.35 billion, with real growth of 19.18%. This performance is explained by the 81.6% increases in the collection related to the IRPJ and CSLL adjustment declaration, resulting from triggering events that occurred throughout 2021, and 19% in the collection of the monthly estimate.
“Growth stands out in all forms of profit calculation. In addition, there were atypical payments of around R$ 42 billion, especially by companies linked to the exploration of commoditiesin the period of January to November of this year, and R$ 39 billion, in the same period of 2021 ”, informed the Federal Revenue Service.
Extraordinary revenues were offset by tax exemptions. In November alone, the reduction in PIS/Confins (Social Integration Program/Contribution for Social Security Financing) rates on fuel resulted in a R$3.75 billion exemption. In the year, it reaches R$ 22.1 billion. Already the reduction of Tax on Industrialized Products (IPI) rates cost R$ 1.9 billion to the Revenue last month and R$ 15.3 billion in the accumulated of January to November.
“Without considering the non-recurring factors, there would be a real growth of 9.11% in the collection for the accumulated period and 6.78% in the month from November 2022”, informed the agency.
Other highlights
Another highlight of the collection from November was Social Security Revenue, which reached R$ 45.81 billion, with a real increase of 3.87%, due to the real increase of 12.93% in the wage bill. In the accumulated result for the year, the result reaches R$ 488.29 billion, a real increase of 5.98%. This last item can be explained by the real increase of 7.9% in the salary mass and the real increase of 13.85% in the collection of the social security contribution of the Simples Nacional of January to November of this year, compared to the same period in 2021.
In addition, there was an increase in tax offsets with social security revenue debts due to Law 13670/18, which prohibited the use of tax credits to offset debts of monthly IRPJ and CSLL estimates.
The Withholding Income Tax (IRRF) – Capital Income collected R$ 7.02 billion last month, with a real increase of 59.88%. From January to November, the value reaches R$ 76.83 billion, a real increase of 62.03%. The results can be explained by the increase in the Selic rate (basic interest rate in the economy), which influenced the collection of earnings from funds and fixed income securities.
The IRRF – Work Income recorded collection of R$ 15.70 million, representing real growth of 8.55%. The result is due to real increases in the collection of items Income from Salaried Work (9.11%), Retirement from the General System or Civil Servants (6.51%) and Profit Sharing (35.99%).
macroeconomic indicators
The Federal Revenue Service also presented the main macroeconomic indicators that help explain the collection performance, both in the month and in the accumulated result for the year. Among them, the sale of services, with a growth of 9.5% in October (generating factor of the collection from November) and 8.81% in the year; and the wage bill, which maintained a significant growth of 20.23% in the month (18.73% in the year), compared to the same month of 2021.
The dollar value of imports fell by 2.27% compared to October last year and increased by 22.39% in the year.
Industrial production increased by 1.36% in October, but fell by 0.96% in the year, compared to the period of January to October 2021. As for the sale of goods, it increased by 0.3% in the month and decreased by 0.83% in the year.
