The collection of the Union with taxes and other revenues fell last month compared to June 2022, and reached R$ 180.47 billion, according to data released this Tuesday (25) by the Federal Revenue Service. The result represents a real decline of 3.37%, that is, discounting inflation, in values corrected by the Extended National Consumer Price Index (IPCA). It was the second drop in revenue this year. In March, there was a real decrease of 0.42%. Even so, in the first half of this year, collection was a record, reaching R$ 1.14 billion, an increase above inflation of 0.31%, compared to the first six months of last year. The accumulated value is the highest in the series since 1995. Data on the June collection are available on the Federal Revenue website. As for revenue managed by the Federal Revenue, the amount collected last month was R$ 174.96 billion, representing a real decrease of 2.7%, while in the accumulated period from January to June, the collection reached R$ 1.09 trillion, a real increase of 1.58%. The results were 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 Income (CSLL), which is levied on companies’ profits. 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. Corporate income The collection of Corporate Income Tax (IRPJ) and CSLL amounted to R$ 24.53 billion in June, with a real reduction of 30.60% over the same month of 2022. The result is explained by the real decrease of 41.10% 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 noted, on the other hand, that, in June last year, there were atypical payments of R$ 6 billion in this collection. In the accumulated result for the year, IRPJ and CSLL amounted to R$ 253.95 billion, with a real drop of 4.77%. This performance is explained by the real decrease of 7.04% in the monthly estimate and 34.32% in the IRPJ and CSLL adjustment statement, related to triggering events that occurred in 2022, combined with real increases of 11.26% in the quarterly balance sheet and 6.91% in presumed profit. “In addition, there were atypical payments of around BRL 5 billion, especially by companies linked to the exploration of commodities [produtos primários com cotação em mercados internacionais], in the first half of this year, and 26 billion, in the same period of 2022 ”, reported the Federal Revenue. Non-recurring factors Contributing to improving collection, there was an extra collection of export tax on fuels in June this year, of R$ 1.4 billion, which did not happen in the same month of 2022. On the other hand, there were also tax exemptions. In June alone, the reduction in PIS/Cofins rates on fuel resulted in a R$3 billion exemption; in June 2022 it had been R$ 1.7 billion. In the year, the exemption reaches R$ 20.25 billion. Already the reduction of Tax rates on Industrialized Products (IPI) cost R$ 1.9 billion to Revenue last month and R$ 11.4 billion in the semester. “Without considering the non-recurring factors above, there would be a real growth of 5.29% in the collection for the period and 0.59% in the collection for the month of June”, informed the agency. Other highlights Another highlight of the June collection was the Individual Income Tax (IRPF), which closed the month at R$ 6.29 billion, with a real decrease of 3.77%. The result can be explained by the real decrease of 46.55% in the collection related to capital gains on the sale of assets. In the accumulated result for the year, the result of this revenue reaches R$ 31.53 billion, a real drop of 5.24%. The other revenues administered by the Federal Revenue registered collections of R$ 4.23 billion, with a real increase of 62.87%, a result that can be explained by the collection of the program to reduce litigation, which totaled R$ 377 million in the month, and by the export tax levied on crude oil exports, R$ 1.4 billion. In the accumulated result for the year, the highlight is Social Security Revenue, which collected R$ 288.58 billion, with real growth of 7.10%. This performance is explained by the real growth of 9.79% in total wages. In addition, there was a 33% 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 IRPJ and CSLL estimates. From January to June, the Withholding Income Tax – Capital Income amounted to R$ 58 billion, an increase of 28.17%. The results can be explained by the rise in the Selic rate (basic interest rate in the economy), which influenced the collection of earnings from funds and fixed income securities. In June alone, the increase was 10.79% in this item, reaching R$ 17.38 billion. The IRRF – Work Income recorded collections of R$ 99.23 billion in the first half, representing a real increase of 6.38%. The result is due to the real increase in the collection of the items Income from Salaried Work (8.42%) and Profit Sharing (15.7%) and to the real decrease in Retirement of the General Regime or Civil Servant (decrease of 8.67%). In June, collections totaled R$ 13.85 billion, a real decrease of 0.63%. 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 the indicators are the sale of services, with growth of 4.7% in May (generating factor of the June collection) and 5.21% in the year; and the wage bill, which grew 13.96% in May (15.21% in the year), compared to the same month of 2022. The sale of goods also grew 3% in the month and 2.41% in the year. Industrial production rose 0.28% in May, but fell 1.06% in the year, compared to the period from December 2021 to May 2022. The dollar value of imports fell 16.7% compared to May last year and 6.82% in the year.
Agência Brasil
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