5506.0 - Taxation Revenue, Australia, 2009-10

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 12/04/2011

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Main Features Total Taxation Revenue Major Components of Total Taxation Revenue Taxation Revenue Analysis Taxation Revenue as a Proportion of Gross Domestic Product (GDP) Taxation Per Capita Taxation For All Levels of Government Taxation by Level of Government About this Release	TAXATION REVENUE ANALYSIS TAXATION REVENUE ANALYSIS The amount of taxation revenue collected in a particular year can be affected by a number of factors, including: a change in the rate of a tax the introduction or abolition of a tax one-off special payments additional or fewer collection periods during the financial year changes to payment arrangements other factors such as economic conditions, population growth, etc. 2009-10 TAXATION REVENUE Commonwealth Government *Taxes on Income* Income taxes levied on individuals fell $2,740m (2%) from 2008-09 to 2009-10 Income taxes levied on enterprises fell $11,332m (16%) due largely to a $8,294m (13%) decrease in company income tax Income taxes paid by superannuation funds decreased $3,037m (33%). *Taxes on the provision of goods and services* Goods and services tax (GST) revenue received rose $3,927m (9%) to $46,553m. State Governments *Total taxation revenue* All states recorded increases in taxation revenue. The largest increases, in dollar terms, were for New South Wales, rising $1,286m (7%) and Victoria, rising $1,114m (9%). *Taxes on Employers' Payroll* Overall, taxes on employers' payroll decreased in 2009-10 by $126m or 1%. New South Wales recorded the largest decrease, in dollar terms, falling $196m (3%). Victoria recorded the highest increase, in dollar terms, rising $76m (2%). *Taxes on property* Taxes on property rose $3,291m (19%) mainly due to an increase of $2,768m (29%) in stamp duties on conveyances and a $291m (75%) increase in government borrowing guarantee levies Tax revenue from stamp duties on conveyances increased for all states. New South Wales recorded the largest increase, in dollar terms, rising $1,003m (37%) followed by Victoria with an increase of $803m (29%). Western Australia recorded the largest increase in percentage terms with 60%. *Taxes on the provision of goods and services* Taxes on the provision of goods and services increased by $119m, a rise of 1% Taxes on insurance increased by $92m (2%). Most of this increase came from insurance companies contributions to fire brigades, with a rise of $81m (8%). *Taxes on use of goods and performance of activities* Taxes on the use of goods and performance of activities increased $626m (9%) Revenue from motor vehicle taxes increased $505m (8%) Revenue from other taxes on the use of goods and performance of activities n.e.c. increased $121m (19%). Document Selection These documents will be presented in a new window.