RS Federal Revenue collected R$7 billion in March between taxes and contributions

The total collection of Federal Revenue reached, in March 2024, the value of R$ 190.6 billion, registering a real increase (IPCA) of 7.22% in relation to March 2023. In the accumulated period from January to March 2024 , the collection reached the value of R$ 657,769 million, representing an increase by the IPCA of 8.36%. In Rio Grande do Sul, more than R$7 billion were collected in taxes and contributions

It is important to note that this is the best revenue performance since 2000, both for the month of March and for the quarter. As for Revenues Managed by the RFB, the amount collected, in March 2024, was R$ 182.8 billion, representing a real increase (IPCA) of 6.06%, while in the accumulated period from January to March 2024, the Collection reached R$624.7 billion, registering a real increase (IPCA) of 8.11%.

The increase observed in the period can be explained by the behavior of macroeconomic variables, by the return of PIS/Cofins taxation on fuels and by the taxation of exclusive funds in accordance with Law 14,754, of December 12, 2023. The table below demonstrates the collection behavior if these effects were excluded from the basis of comparison.

COLLECTION OF REVENUE MANAGED BY RFB EXCLUDING THE MAIN NON-RECURRING FACTORS AND CHANGES IN LEGISLATION PERIOD: MARCH – 2024/2023 (AT MARCH/2024 PRICES – IPCA)

Without considering atypical payments, there would be a real growth of 4.69% in revenue for the quarter and 1.88% in revenue for the month of March.

March 2024 Highlights

PIS/Pasep and Cofins totaled R$40.9 billion, representing real growth of 20.63%. This performance is mainly explained by the real increase of 9.70% in sales volume (PMC-IBGE) and 2.50% in the volume of services (PMSIBGE) between February 2024 and February 2023, and by the increase in revenue related to the fuel sector, brought about by the resumption of taxation, mainly on diesel oil and gasoline.

Social Security Revenue totaled R$53 billion, with real growth of 8.40%. This result is due to the real growth of 7.90% in the wage bill. Furthermore, there was an 11% increase in the amount of tax offsets with social security revenue debts in relation to March 2023.

The IRRF-Rendimentos de Capital presented a collection of R$ 10.5 billion, resulting in a real growth of 48.87%. The result can be explained, mainly, by the collection of R$3.4 billion resulting from the taxation of investment funds highlighted in art.28, item I, of Law 14,754/2023.

The IRRF – Income from Work presented a collection of 18 billion, representing real growth of 3.77%. This performance arises from the real increases in the collection of the items “Sharing in Profits or Results – PLR” (+22.90%), “Income from Salaried Labor” (+2.05%) and “Accumulated Income – Art. 12-A Law No. 7,713/1988” (+146.25%), combined with the real decrease in the collection of “General Regime or Public Servant Retirement” (-11.52%).