5506.0 - Taxation Revenue, Australia, 2015-16 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/04/2017   
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TAXATION REVENUE ANALYSIS


2015-16 TAXATION REVENUE

All increases and decreases referred to below are from 2014-15 to 2015-16.

Commonwealth Government

Taxes on income

  • Income taxes levied on individuals increased by $8,736m (4.8%) to $192,054m.
  • Company income tax decreased by $3,287m (-4.9%) to $64,405m.
  • Income tax paid by superannuation funds increased by $945m (16.1%) to $6,826m.

Taxes on the provision of goods and services
  • Goods and services tax (GST) revenue increased by $3,850m (6.8%) to $60,312m.

State Governments

Total taxation revenue
  • 6 out of 8 states recorded increases in taxation revenue. The largest increase in dollar terms was New South Wales; rising $3,350m (12.7%) to $29,811m. Victoria's taxation revenue increased $1,591m (8.6%) to $20,027m, Western Australia increased $225m (2.6%) to $8,997m and the Australian Capital Territory increased $191m (13.9%) to $1,568m. Over the same period the Northern Territory decreased by $107m (-15.0%) to $608m and Queensland decreased by $28m (-0.2%) to $12,547m.

Taxes on employers' payroll
  • Taxes on employers' payroll for all states increased by $642m (2.9%) to $22,695m. New South Wales recorded the largest increase in dollar terms, rising $464m (6.2%). Victoria $230m (4.5%) and the Australian Capital Territory $64m (17.9%) were the other major contributors to the all states increase. Over the same period Western Australia decreased by $97m (-2.7%) and Queensland decreased by $70m (-1.9%).

Taxes on property
  • Taxes on property increased by $3,501m (11.9%) to $32,966m, mainly due to an increase in stamp duties on conveyances of $2,185m (11.9%). New South Wales and Victoria recorded the largest increases in dollar terms for taxes on property, rising $2,173m (20.2%) and $1,084m (13.9%) respectively.

Taxes on the provision of goods and services
  • Taxes on the provision of goods and services increased by $475m (4.2%) to $11,883m, mainly due to an increase in taxes on gambling machines of $204m (5.9%) and taxes on insurance n.e.c. of $126m (2.9%).

Taxes on the use of goods and performance of activities
  • Taxes on the use of goods and performance of activities increased by $696m (6.4%) to $11,509m, mainly due to an increase in motor vehicle taxes of $440m (4.6%).