The Federal Revenue collected R$ 165.3 billion in taxes in May 2022. Considering the inflation accumulated over the last year, the figure is 4.13% higher than the amount collected in the same month of 2021. The result for May is the highest in the historical series, which began in 1995, in inflation-adjusted values.
As a result, the federal public coffers alone have already received R$ 908.55 billion in federal taxes paid by taxpayers between January and May this year. Value 9.75% higher than the first five months of 2021.
“This collection is linked to the volume of oil production and also to the price of a barrel, a commodity International. It is also affected by exchange rate variation. All these growths have to be analyzed based on these considerations”, explained the head of the Tax and Customs Studies Center of the Federal Revenue, tax auditor Claudemir Malaquias.
The analysis of revenue sources reveals that the monthly collection with Capital Income (IRFF) recorded an increase of 59.5% compared to the total collected in May 2021, totaling BRL 5.8 billion.
In absolute terms, however, the collection with social security revenues generated the highest figure: BRL 43.52 billion (an increase of 9.42% compared to May 2021). Then come the revenues obtained from the collection of Cofins/Pis-Pasep (R$ 32.30 billion) and IRPJ/CSLL (25.11 billion).
The Federal Revenue attributes the 9.42% increase in the collection of social security contributions to the increase in the salary mass and to the growth in collections made by companies that pay the Simples Nacional. And the 59.5% increase in IRRF collection to the hike in the basic interest rate, the Selicwhich influenced the collection of income from funds and fixed-income securities.
The main indicators trace an improvement in economic activity between January and May this year, which also helps to explain the rise in collections (see the table below). One of the highlights was the 27.2% growth in revenue obtained from the dollar values of imports, when comparing the months of May 2021 and 2022.
Another highlight, according to Malaquias, was the 19.4% growth in income tax collection between January and May this year, when compared to the same period last year. “We had a growth in the collection of income tax withheld at source on capital gains of almost 50% [48,9%] and the performance of Simples Nacional, whose collection showed, in the period, a growth of 30.8%, already discounting inflation”.
Article changed at 2:56 pm to clarify information about the collection’s historical series.
