Total federal revenue collection closed March at R$190.61 billion, the Ministry of Finance reported this Tuesday (23). This is the best performance for the month since 2000, registering a real increase of 7.22% compared to March 2023. In the accumulated period from January to March, revenue reached R$657.76 billion, representing an increase measured by inflation of 8.36%.
In relation to Revenues Administered by the Federal Revenue Service, the amount collected in March was R$ 182.87 billion, representing a real increase of 6.06%. In the accumulated period from January to March, revenue reached R$624.77 billion, registering a real increase of 8.11%.
According to the Ministry of Finance, the growth observed in the period can be explained, among other factors, by the return of PIS/Cofins taxation on fuels and the taxation of exclusive funds, provided for in Law 14,754, of December 12, 2023.
The ministry reported that in relation to PIS/Pasep and Cofins there was, in March, a joint collection of R$40.92 billion, representing real growth of 20.63%.
According to the ministry, this performance is explained by the increase in revenue in the fuel sector with the resumption of taxation on diesel and gasoline and by the combination of real increases of 9.7% in sales volume and 2.5% in volume of services between February 2024 and February 2023, according to data from the Monthly Trade Survey of the Brazilian Institute of Geography and Statistics (IBGE).
In the quarter from January to March, PIS/Pasep and Cofins totaled a collection of R$ 124.53 billion, representing real growth of 18.54%. In the same period, Social Security Revenue totaled R$ 157.93 billion, with real growth of 6.92%. This result is due to the real growth of 5.60% in the wage bill. Furthermore, there was a 13% increase in the amount of tax compensations with social security revenue debts, in the period from January to March compared to the same period in 2023.
In March, Social Security Revenue totaled just over R$53 billion, with real growth of 8.40%. This result is due to the real growth of 7.9% 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.
Income Tax Withheld at Source (IRRF) on capital income presented, in the first quarter, a collection of R$35.87 billion, resulting in real growth of 40.44%. The performance can be explained by the collection of R$11.3 billion resulting from the taxation of investment funds.
In March, IRRF-Rendimentos de Capital presented a collection of R$ 10.5 billion, resulting in real growth of 48.87%. According to the Ministry, the result can be explained, mainly, by the collection of R$3.4 billion resulting from the taxation of investment funds.
The IRRF – Labor Income 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 retirement income from the General Regime or Public Servants (-11.52%), said the ministry.
