The Union’s collection of taxes and other revenues reached a record for the month of November, reaching R$ 226.75 billion, according to data released this Monday (22) by the Federal Revenue Service. Compared to November 2024, the result represents a real increase of 3.75%, that is, considering inflation, in values corrected by the Broad National Consumer Price Index (IPCA).
It is also the best revenue performance for the period from January to November. During the period, revenue reached R$2.59 trillion, representing an increase, corrected by the IPCA, of 3.25%.
Data on collections are available at Federal Revenue website.
The values refer to federal taxes, such as Income Tax (IR) for individuals and companies, social security revenue, Tax on Industrialized Products (IPI), Tax on Financial Operations (IOF), Social Integration Program/Contribution for Social Security Financing (PIS/Cofins), among others. Revenue from royalties and judicial deposits, which are not determined by the Federal Revenue Service, also enter the account.
As for the revenues managed by the agency, the amount collected last month was R$214.39 billion, representing a real increase of 1.06%. Year-to-date, Federal Revenue collections reached R$2.47 trillion, a real increase of 3.9%.
In the accumulated period from January to November, the comparison basis, however, is influenced by non-recurring events or changes in legislation that occurred in 2024 without a counterpart in 2025.
In 2024, there was an extra collection of R$13 billion in Income Tax Withheld at Source (IRRF) – Capital Income, referring to the taxation of exclusive funds, which did not occur in 2025. The law that changes the IR levied on closed-end investment funds and income obtained abroad through offshore companies was sanctioned in December 2023.
There was also an atypical collection of Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL), which affect company profits. From January to November 2024, the extra collection was R$4 billion, while this year it reached R$3 billion.
“Without considering atypical payments, there would be a real growth of 4.51% in revenue from January to November 2024”, informed the Federal Revenue.
Highlights of the year
The results were positively influenced by some macroeconomic variables, resulting from the behavior of productive activity, mainly services; by the increase in the IOF; the good performance of social security collections, mainly due to the increase in the wage bill; and the increase in Pis/Cofins collections due to the performance of financial entities and the taxation of online betting services (bets).
The IOF totaled R$77.55 billion from January to November 2025, an increase of 19.88% compared to the same period last year.
“The collection for the period can be justified, mainly, by operations related to the outflow of foreign currency, credit intended for legal entities and referring to bonds or securities, especially as a result of legislative changes”, cites the Revenue.
In June this year, the government increased the charge on some credit operations, through the Decree 12,499/2025. The measure was later overturned.
In the year to date, there was real growth of 11.01% in the collection of taxes levied on foreign trade and 15.39% on the income of residents abroad. This last item is a volatile collection aggregate and has surprised positively this year, with robust growth based on the collection of royalties and labor income and also on Interest on Equity (JCP) ─ a way for a company to share part of the profit with shareholders.
Another highlight highlighted by the Revenue was PIS/Cofins, with revenue reaching R$528.85 billion from January to November, an increase of 2.79% compared to the same period in 2024, influenced by the regulation of bets, which came into effect in 2025.
Revenue from virtual betting houses alone rose more than 14,000%, rising from R$62 million to R$8.82 billion in the year to date.
Despite the record in the first eleven months of the year, there is a slowdown that reflects the performance of economic activity. Collection from IRPJ/CSLL, for example, increased by 1.44%, while IPI increased by just 0.57%, given practically stable industrial activity.
