In February 2024, the Federal Government's revenue reached R$ 186,522 billion, a real increase (discounted for inflation) of 12.27% compared to the same month last year.
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It was the best result ever recorded for the months of February in the historical series started in 1995.
According to the Federal Revenue Service, the increase in revenue was driven by social security contributions and fuel taxes, in addition to the boost generated by the new taxation of exclusive funds.
In the accumulated period from January to February 2024, revenue reached R$467,158 billion, representing a real increase of 8.82%.
“It is important to note that this is the best revenue performance since 2000, both for the month of February and for the two monthsâ€, informed the Federal Revenue in a report.
PIS/Pasep and Cofins totaled R$ 39,074 billion, representing real growth of 21.37%. According to the Federal Revenue, this performance is explained by the real increase of 6.80% in the volume of sales and 4.50% in the volume of services between January 2024 and January 2023, and by the increase in revenue related to the fuel sector, brought about by the partial resumption of taxation in that sector.
The Income Tax Withheld at Source IRRF-Capital Income presented a collection of R$ 11,107 billion resulting in a real growth of 58.03%.
Social Security Revenue totaled R$50,389 billion, with real growth of 4.74%. This result is due to the real growth of 6.47% in the wage bill.
Furthermore, there was a 24% increase in the amount of tax offsets with social security revenue debts in relation to February 2023.
Income Tax Withheld at Source from Income of Residents Abroad presented a collection of 4,352 million, representing real growth of 32.77%.
This performance is due to nominal increases of 106.43% in the collection of the item “Income from Workâ€, 45.82% in the collection of the item “Royalties and Technical Assistance†and 134.23% in the collection of the item “Remuneration of Rights." ■