BRASILIA (Reuters) – The Federal Revenue’s revenue grew 35.47% in July in real terms over the same month last year, totaling 171.27 billion reais, a record for the month, the IRS reported on Wednesday .
In the accumulated result for the year, the collection had a real increase of 26.11%, to 1.053 trillion reais, also the highest value for the period of the Tax Authorities series, which begins in 1995.
Revenue highlighted the real growth of 55.31% in the collection of Corporate Income Tax and CSLL in the month, to 41.1 billion reais. The collection of Cofins and PIS/Pasep rose 33.2%, a performance that the government attributed to the increase in sales of services and goods in June and the lower volume of tax offsets in July.
The result of the month was also benefited by a real increase of 16.6% in social security revenue over July 2020, the year in which payment deadlines were extended due to the Covid-19 pandemic.
(By Marcela Ayres and Isabel Versiani)
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