Insights into Government Finance Statistics, December 2024

Statistics about taxation revenue collected by the Australian general government sector

Released

4/03/2025

Source

Government Finance Statistics, Australia, December 2024

Released

04/03/2025 11:30am AEDT

Taxation revenue

Australia’s taxation revenue increased 13.7% ($25.8 billion) for the December quarter 2024, and 5.8% ($11.7 billion) through the year (a). This was lower than through the year growth of 6.5% ($12.3 billion) to December 2023.

Commonwealth taxation is the largest component of taxation revenue, accounting for around 78% to 85% in any given quarter. Many Australians receive income tax refunds shortly after the end of the financial year. As a result, Australia’s taxation revenue typically increases in the December quarter following relatively lower personal income tax collected during the September quarter.

Through the year growth is the percentage change compared to the same time of the previous year.

All Australia taxes
	All Australia, through the year growth (%)	Commonwealth government contribution ($b)	State & local government contribution ($b)
Sep-19	1.5	101.8	26.9
Dec-19	1.8	118.0	27.8
Mar-20	1.4	111.7	26.2
Jun-20	-8.2	118.3	22.9
Sep-20	-1	101.8	25.6
Dec-20	2.2	121.8	27.2
Mar-21	5.3	116.9	28.3
Jun-21	21.4	140.9	30.5
Sep-21	12.3	111.9	31.1
Dec-21	19.9	145.3	33.3
Mar-22	16	135.5	32.9
Jun-22	12.6	158.8	34.1
Sep-22	12.4	126.3	34.5
Dec-22	6	155.5	33.9
Mar-23	7.5	148.3	32.7
Jun-23	16	189.3	34.5
Sep-23	10.8	141.7	36.5
Dec-23	6.5	164.1	37.5
Mar-24	6.7	155.8	37.2
Jun-24	1.3	188.1	38.8
Sep-24	5.3	147.1	40.5
Dec-24	5.8	172.0	41.4

All Australia taxes

["","All Australia, through the year growth (%)","Commonwealth government contribution","State & local government contribution"]

[["Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24"],[[1.5],[1.8],[1.4],[-8.2],[-1],[2.2],[5.3],[21.4],[12.3],[19.9],[16],[12.6],[12.4],[6],[7.5],[16],[10.8],[6.5],[6.7],[1.3],[5.3],[5.8]],[[101.8],[118],[111.7],[118.3],[101.8],[121.8],[116.9],[140.9],[111.9],[145.3],[135.5],[158.8],[126.3],[155.5],[148.3],[189.3],[141.7],[164.1],[155.8],[188.1],[147.1],[172]],[[26.9],[27.8],[26.2],[22.9],[25.6],[27.2],[28.3],[30.5],[31.1],[33.3],[32.9],[34.1],[34.5],[33.9],[32.7],[34.5],[36.5],[37.5],[37.2],[38.8],[40.5],[41.4]]]

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Commonwealth government taxation

Commonwealth taxation increased 17.0% ($25.0 billion) in the December quarter 2024, and 4.8% ($7.9 billion) through the year. The largest contributors were personal income tax and company income tax.

Personal income tax increased 1.5% ($1.1 billion) through the year to December quarter 2024, lower than through the year growth of 11.3% ($7.7 billion) to December 2023. This in part reflects relatively slower wage growth over 2024 (a) and Stage 3 tax cuts (1 July 2024) which were designed to reduce tax liabilities for all taxpayers.

Company income tax increased in the December quarter 2024 but fell 3.1% through the year. The fall was consistent with subdued economic conditions seen in 2024, including but not limited to relatively lower commodity prices and lower company profits.

Other taxes increased 25.4% ($6.8 billion) through the year to December quarter 2024 which was driven by an increase in taxes paid by superannuation funds.

Source: Wages Price Index, Australia, December 2024 | Australian Bureau of Statistics

Commonwealth taxation
	GST ($b)	Company income tax ($b)	Personal income tax ($b)	Other taxes (a) ($b)
Dec-18	18.2	24.9	51	23
Dec-19	18.3	24.8	53.3	21.6
Dec-20	19.2	24.8	52.9	24.8
Dec-21	19.4	33.2	58.6	34.1
Dec-22	22	38.6	68.3	26.5
Dec-23	22.8	38.5	76	26.8
Dec-24	24	37.3	77.1	33.6

Commonwealth taxation

["","GST","Company income tax","Personal income tax","Other taxes (a)"]

[["Dec-18","Dec-19","Dec-20","Dec-21","Dec-22","Dec-23","Dec-24"],[[18.2],[18.3],[19.2],[19.4],[22],[22.8],[24]],[[24.9],[24.8],[24.8],[33.2],[38.6],[38.5],[37.3]],[[51],[53.3],[52.9],[58.6],[68.3],[76],[77.1]],[[23],[21.6],[24.8],[34.1],[26.5],[26.8],[33.6]]]

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Other taxes include, for example: fringe benefit tax, income tax paid by superannuation funds, numerous excises and levies, customs duties, and television station licenses.

Key Commonwealth taxes, through the year growth
	Personal income tax (%)	Company income tax (%)	Goods and services tax (GST) (%)
Sep-19	-7.2	0.5	-0.4
Dec-19	4.4	-0.1	0.3
Mar-20	4.5	-6.7	7.2
Jun-20	-2.2	-19.5	-6.9
Sep-20	12.4	-3.8	1.3
Dec-20	-0.6	-0.1	5.3
Mar-21	-2.7	16.9	4.3
Jun-21	4.9	37.1	42.4
Sep-21	2	26.7	11.7
Dec-21	10.6	33.8	0.8
Mar-22	17.2	27.8	2.4
Jun-22	16.1	27.5	-0.7
Sep-22	15	17.1	17.1
Dec-22	16.7	16.5	13.4
Mar-23	14.1	11.1	13.4
Jun-23	15.4	32.1	13.3
Sep-23	29	-0.3	-3.3
Dec-23	11.3	-0.5	3.7
Mar-24	5.8	-2.1	11
Jun-24	7.5	-18	-0.1
Sep-24	-0.9	1.6	8.1
Dec-24	1.5	-3.1	5.2

Key Commonwealth taxes, through the year growth

["","Personal income tax","Company income tax","Goods and services tax (GST)"]

[["Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24"],[[-7.2],[4.4],[4.5],[-2.2],[12.4],[-0.6],[-2.7],[4.9],[2],[10.6],[17.2],[16.1],[15],[16.7],[14.1],[15.4],[29],[11.3],[5.8],[7.5],[-0.9],[1.5]],[[0.5],[-0.1],[-6.7],[-19.5],[-3.8],[-0.1],[16.9],[37.1],[26.7],[33.8],[27.8],[27.5],[17.1],[16.5],[11.1],[32.1],[-0.3],[-0.5],[-2.1],[-18],[1.6],[-3.1]],[[-0.4],[0.3],[7.2],[-6.9],[1.3],[5.3],[4.3],[42.4],[11.7],[0.8],[2.4],[-0.7],[17.1],[13.4],[13.4],[13.3],[-3.3],[3.7],[11],[-0.1],[8.1],[5.2]]]

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State and local taxation

State and Local taxes increased 2.0% ($0.8 billion) in the December quarter 2024, and 10.2% ($3.9 billion) through the year. Payroll and stamp duties were the two largest contributors to total State and Local taxes, accounting for around 47.7% of total State and Local taxes for December quarter 2024.

State and local taxation
	Payroll taxes ($b)	Stamp duties on conveyances ($b)	Other taxes (a) ($b)
Sep-19	6.9	4.6	15.7
Dec-19	6.8	5.7	15.6
Mar-20	6.2	4.9	15.2
Jun-20	4.6	4.1	14.3
Sep-20	5.5	4.7	15.6
Dec-20	5.7	5.8	15.9
Mar-21	6.6	5.9	16.1
Jun-21	6.7	7.6	16.4
Sep-21	6.5	8.5	16.4
Dec-21	6.9	9.2	17.5
Mar-22	7	9.1	17
Jun-22	7.6	8.9	17.9
Sep-22	8.2	7.9	18.7
Dec-22	8	7.4	18.8
Mar-23	8.2	6	18.7
Jun-23	8.5	7.2	19.1
Sep-23	9.7	6.9	20.1
Dec-23	9.5	8.1	20.2
Mar-24	9.6	7.1	20.8
Jun-24	9.7	8.5	21
Sep-24	10.7	8.4	21.8
Dec-24	10.3	9.6	21.8

State and local taxation

["","Payroll taxes","Stamp duties on conveyances","Other taxes (a)"]

[["Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24"],[[6.9],[6.8],[6.2],[4.6],[5.5],[5.7],[6.6],[6.7],[6.5],[6.9],[7],[7.6],[8.2],[8],[8.2],[8.5],[9.7],[9.5],[9.6],[9.7],[10.7],[10.3]],[[4.6],[5.7],[4.9],[4.1],[4.7],[5.8],[5.9],[7.6],[8.5],[9.2],[9.1],[8.9],[7.9],[7.4],[6],[7.2],[6.9],[8.1],[7.1],[8.5],[8.4],[9.6]],[[15.7],[15.6],[15.2],[14.3],[15.6],[15.9],[16.1],[16.4],[16.4],[17.5],[17],[17.9],[18.7],[18.8],[18.7],[19.1],[20.1],[20.2],[20.8],[21],[21.8],[21.8]]]

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Other taxes include, for example: land taxes, municipal rates, taxes on gambling, taxes on insurance, government borrowing guarantee levies, motor vehicle taxes, franchise taxes, clean energy and related taxes.

Payroll taxes increased 8.3% through the year to December quarter 2024, which was lower than the through the year growth for December 2023 of 18.5%.

Stamp duties on conveyances increased 18.3% through the year to December 2024, consistent with continued strength in the housing market over the same period.

Key state and local taxes, through the year growth
	Payroll taxes (%)	Stamp duties on conveyances (%)	Other taxes (a) (%)
Sep-19	4.2	-11.3	0.3
Dec-19	5.2	11	6.3
Mar-20	-1.6	24.3	3.5
Jun-20	-27.4	-10.4	-5.7
Sep-20	-19.6	2.1	0
Dec-20	-15.5	2.8	1.6
Mar-21	5.5	19.2	5.8
Jun-21	45.6	84.6	14.3
Sep-21	17.9	82	4.6
Dec-21	20.1	58.1	10.1
Mar-22	5.9	55.5	5.7
Jun-22	13	16.8	9.2
Sep-22	25.5	-6.4	14
Dec-22	16.8	-19.4	7.3
Mar-23	18.2	-34.5	10
Jun-23	11.8	-18.5	6.7
Sep-23	18.1	-12.7	7.9
Dec-23	18.5	9.5	7.8
Mar-24	16.1	19	11.4
Jun-24	13.8	16.8	10.1
Sep-24	10.2	20.7	8.4
Dec-24	8.3	18.3	7.8

Key state and local taxes, through the year growth

["","Payroll taxes","Stamp duties on conveyances","Other taxes (a)"]

[["Sep-19","Dec-19","Mar-20","Jun-20","Sep-20","Dec-20","Mar-21","Jun-21","Sep-21","Dec-21","Mar-22","Jun-22","Sep-22","Dec-22","Mar-23","Jun-23","Sep-23","Dec-23","Mar-24","Jun-24","Sep-24","Dec-24"],[[4.2],[5.2],[-1.6],[-27.4],[-19.6],[-15.5],[5.5],[45.6],[17.9],[20.1],[5.9],[13],[25.5],[16.8],[18.2],[11.8],[18.1],[18.5],[16.1],[13.8],[10.2],[8.3]],[[-11.3],[11],[24.3],[-10.4],[2.1],[2.8],[19.2],[84.6],[82],[58.1],[55.5],[16.8],[-6.4],[-19.4],[-34.5],[-18.5],[-12.7],[9.5],[19],[16.8],[20.7],[18.3]],[[0.3],[6.3],[3.5],[-5.7],[0],[1.6],[5.8],[14.3],[4.6],[10.1],[5.7],[9.2],[14],[7.3],[10],[6.7],[7.9],[7.8],[11.4],[10.1],[8.4],[7.8]]]

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Other taxes include, for example: land taxes, municipal rates, taxes on gambling, taxes on insurance, government borrowing guarantee levies, motor vehicle taxes, franchise taxes, clean energy and related taxes.

APA

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Insights into Government Finance Statistics, December 2024

APA

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Taxation revenue

Commonwealth government taxation

State and local taxation

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