Federal revenue drops 3.37% in June, says Revenue

The Federal Revenue announced this Tuesday (25) that the collection of the federal government was R$ 180.47 billion in June. The result represents a real drop, when inflation is discounted, of 3.37% last month compared to June 2022.

Even with the drop in June, the first half of this year recorded record collections, 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, informed Agência Brasil.

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.