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TAXATION REVENUE ANALYSIS


2013–14 TAXATION REVENUE

All increases and decreases referred to below are from 2012–13 to 2013–14.

Commonwealth Government

Taxes on income

• Income taxes levied on individuals increased by $7,320m (4%) to $170,313m.
• Income taxes levied on enterprises decreased by $1,009m (-1%) to $76,682m.
• Income taxes paid by superannuation funds decreased by $1,441m (-19%) to $6,133m.

• Goods and services tax (GST) revenue increased by $5,204m (10%) to $55,517m.

• All states except South Australia recorded increases in taxation revenue. The largest increase in dollar terms was New South Wales; rising $2,308m (10%) to $24,362m. Victoria's taxation revenue increased $1,363m (9%) to $16,992m, Queensland increased $886m (8%) to $11,846m and Western Australia increased $424m (5%) to $8,594m. South Australia's taxation revenue decreased $5m (-0.1%) to $4,107m.

• Taxes on employers' payroll for all states increased by $581m (3%) to $21,377m. Victoria recorded the largest increase in dollar terms, rising $198m (4%). Queensland $163m (4%) and New South Wales $145m (2%) were the other major contributors to the all states increase.

• Taxes on property increased by $4,078m (19%) to $26,044m, mainly due to an increase in stamp duties on conveyances of $3,135m (24%). Victoria and New South Wales recorded the largest increases in dollar terms for taxes on property, rising $1,656 (32%) and $1,511m (20%) respectively. Victoria's increase of $642m (288%) in other taxes on immovable property is mainly due to the fire service levy now being collected via land tax, having previously been collected as a tax on insurance.

• Taxes on the provision of goods and services increased by $134m (1%) to $11,208m, mainly due to an increase in taxes on insurance n.e.c. of $625m (16%) offset by a decrease of $539m (-42%) in insurance companies contributions to fire brigades. The decrease in insurance companies contributions to fire brigades is attributable to a changed system in Victoria where fire service levies are now being collected via land tax.

• Taxes on the use of goods and performance of activities increased by $350m (4%) to $10,091m, mainly due to an increase in motor vehicle taxes of $359m (4%).