The federal government’s revenue showed a real increasediscounting inflation, of 9.08%, in the first half of 2024, the Federal Revenue Service reported today (25). In the period, the collection reached the value of R$ 1.289 trillion.
In June, the total collection of Federal Revenues reached R$208.8 billion, registering a real increase, discounting the Broad Consumer Price Index (IPCA) of 11.02% compared to June 2023.
Regarding Revenues Managed by the Federal Revenue Service, the amount collected in the accumulated period from January to June 2024 reached R$1.235 trillion, registering a real increase of 8.93%. In June, the collection was just over R$200 billion, representing a real increase (IPCA) of 9.97%.
According to the IRS, the increase observed in the period can be explained by the good performance of economic activity, especially industrial production, the sale of goods and services and the increase in the wage bill.
It also contributed to the increase in the collection of Cofins and Pis/Pasep, which registered real growth of 18.79%. Between January and June, PIS/Pasep and Cofins totaled a collection of R$256.2 billion.
In addition to the resumption of taxation on fuels and the exclusion of ICMS from the calculation basis for credits for these contributions, the result was driven by the real increase of 3.85% in the volume of sales and 1.39% in the volume of services between December 2023 and May 2024, compared to the period between December 2022 and May 2023.
Another highlight was the real growth of 20.59% in the collection of Income Tax Withheld at Source (IRRF) on Capital, resulting from the taxation of exclusive funds. Between January and June, the tax collection was R$72.9 billion.
The IRS also highlighted the result of the collection of Personal Income Tax (IRPF), which showed a real increase of 21.26%, due to the updating of assets and rights of Brazilians abroad. As a result, IRPF collection was R$39.8 billion, in the period from January to June.
In relation to Social Security Revenue, in the period from January to June, collection totaled R$316.9 billion, with real growth of 5.37%.
“This result is due to the real growth of 7.06% in the wage bill. In addition, there was a postponement of the payment of the Social Security Contribution and the Simples Nacional for the municipalities of Rio Grande do Sul declared in a state of public calamity and a growth of 14% in the amount of tax compensations with social security revenue debts, in the period from January to June 2024 in relation to the same period of the previous year”, said the IRS.
The IRS estimated the loss of revenue at R$8 billion between January and June of this year, related to the floods in Rio Grande do Sul. The projection was made based on revenue from the same period last year.
June data
In June, the IRS highlighted the performance of PIS/Pasep and Cofins collections, which totaled R$45.1 billion, representing real growth of 21.95%. The amount was driven, especially, by the real increase of 5% in sales volume and 0.8% in the volume of services between May 2024 and May 2023, by the increase in revenue related to the fuel sector, by the exclusion of ICMS from the calculation basis of the credits of these contributions and by atypical collections of around R$2 billion.
Other highlights were the Import Tax and the IPI-Linked to Import, which presented a joint collection of R$ 9,288 million, representing real growth of 45.71%.
“This result is basically due to real increases of 15.58% in the dollar value (volume) of imports, 11.08% in the average exchange rate, 25.87% in the average effective rate of Import Tax and 21.05% in the average effective rate of IPI-Linked”, said the IRS.
The IRRF on Capital presented a collection of R$ 19.9 billion, which represents a real growth of 10.10%. The performance can be explained by the nominal increases of 13.70% in the collection of the item “Fixed Income Funds”, of 9.39% in the collection of the item “Fixed Income Investment (Individuals and Legal Entities)” and by the collection of R$ 440 million, resulting from the taxation of the transition regime of exclusive funds.
