Collection is record in April and May and reaches R$ 962.5 billion in the year
The data were released this Thursday (22) by the Federal Revenue Service. It is the best collection performance for the accumulated period, from January to May, of the historical series, started in 1995.
In April, collections totaled R$ 203.88 billion. Compared to the same month last year, there was a real increase of 0.31%. According to Revenue, it is also the best performance for April and for the first four months of the historical series.
In May, collections totaled BRL 176.81 billion, also the highest amount ever recorded for that month since 1995. Compared to May 2022, there was a real increase of 2.89%.
Complete data on the collection are available on site of the Federal Revenue. Information is released monthly, but the strike by Revenue auditors delayed the publication of April data.
latest data
In May, in relation to the revenues managed by the Federal Revenue, the amount collected was R$ 171.42 billion, representing a real increase of 3.54%, while in the accumulated period of January and May the collection reached R$ 913.89 billion , a real increase of 2.44%.
The increase can be explained, mainly, by the performance of the main macroeconomic indicators that influence tax collection and by the collection of social security revenue and the Withholding Income Tax (IRRF) – Capital Income.
In May alone, social security revenue reached R$48.39 billion, with a real increase of 6.98%, due to the real increase of 4.38% in the wage bill. In addition, there was a 30% increase in tax offsets with social security revenue debts due to Law 13,670/18, which prohibited the use of tax credits to offset debts of monthly estimates of the Corporate Income Tax (IRPJ) and the Social Contribution on Net Income (CSLL), which is levied on companies’ profits.
In the accumulated result for the year, the result of social security revenue reached R$ 239.79 billion, a real increase of 7.20%. This item can be explained by the real increase of 9.82% in the payroll and 32% in tax offsets with debts.
The IRRF – Capital Income totaled a collection of R$ 7.42 billion in May, with a real increase of 23.07%. The results can be explained by the rise in the Selic rate (the economy’s basic interest rate), which influenced the collection of earnings from funds and fixed-income securities. In the month, the increase in these items was 9.37% and 59.32%, respectively.
In the accumulated result for the year, the IRRF – Capital Income increased by 37.39%, reaching R$ 40.65 billion. Nominal increases reached 41.24% in funds and 77.69% in fixed income securities.
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 are the sale of services, with growth of 2.7% in April (generating factor of the collection in May) and 5.31% in the year; and the wage bill, which maintained growth of 8.75% in the month (15.46% in the year), compared to the same month of 2022.
The sale of goods also increased by 3.10% in the month and 2.28% in the year.
The dollar value of imports fell by 10.29% compared to April last year and by 4.70% in the year. Industrial production contracted by 3.45% in April and also fell by 1.36% in the year, compared to the period from December to April 2022.
corporate profit
The result of the May collection was influenced by changes in tax legislation and atypical payments both in 2022 and in 2023, especially the Corporate Income Tax (IRPJ) and the Social Contribution on Net Profit (CSLL), which is levied on the companies’ profit. According to the Revenue, both are important indicators of economic activity, especially in the productive sector.
Exemptions granted in the Tax on Industrialized Products (IPI) and the Social Integration Program/Contribution for Social Security Financing (PIS/Cofins) also influenced the result.
Income from IRPJ and CSLL amounted to R$ 24.89 billion in May, with a real reduction of 4.63% over the same month of 2022. The result is explained by the real decrease of 11.05% 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.
In the accumulated result for the year, IRPJ and CSLL added up to R$ 229.60 billion, with a real decrease of 0.82%. This performance is explained by the real growth of 1.05% in the monthly estimate, 12.20% in the quarterly balance sheet and 7.09% in presumed profit, combined with the real decrease of 34.39% in the IRPJ adjustment statement and CSLL, related to triggering events that occurred in 2022.
“In addition, there were atypical payments of around R$ 5 billion, especially by companies linked to the exploration of commodities, from January to May of this year, and 20 billion, in the same period of 2022”, reported the Federal Revenue. Only in the month of May of this year there was no collection of extraordinary revenues in IRPJ and CSLL. In May 2022, there was a collection of 2 billion in these items.
There was also an extra collection of export tax on fuels in May this year, of R$ 1.02 billion, which did not happen in May 2022.
With regard to tax exemptions, in May alone, the reduction of PIS/Cofins rates on fuel resulted in an exemption of R$ 3 billion. In the year, the exemption reaches R$ 17.25 billion. The reduction of IIPI rates, on the other hand, cost the Revenue Service R$ 1.9 billion last month and R$ 7.6 billion in the accumulated result for January and May.
“Without considering the non-recurring factors above, there would be a real growth of 6.46% in the collection for the period and 4.87% in the collection for the month of May”, informed the agency.
Foto de © José Cruz/Agência Brasil
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