• Summary
• Downloads
• Explanatory Notes
• Related Information
• Past Releases

TAXATION REVENUE ANALYSIS


2016-17 TAXATION REVENUE

All increases and decreases referred to below are from 2015-16 to 2016-17.

Commonwealth Government

Taxes on income

• Income taxes levied on individuals increased by $6,767m (3.5%) to $198,821m.
• Company income tax increased by $7,743m (12.0%) to $72,148m.
• Income tax paid by superannuation funds increased by $1,386m (20.3%) to $8,212m.

• Goods and services tax (GST) revenue increased by $2,415m (4.0%) to $62,727m.

• 7 out of 8 states recorded increases in taxation revenue. The largest increase in dollar terms was New South Wales; rising $1,580m (5.3%) to $31,391m. Victoria's taxation revenue increased $1,535m (7.7%) to $21,566m, Queensland increased $372m (3.0%) to $12,919m and the Australian Capital Territory increased $127m (8.1%) to $1,695m. Over the same period Western Australia decreased by $499m (-5.5%) to $8,527m.

• Taxes on employers' payroll for all states increased by $510m (2.2%) to $23,194m. New South Wales recorded the largest increase in dollar terms, rising $354m (4.4%). Victoria $324m (6.0%) and the Northern Territory $33m (11.4%) were the other major contributors to the all states increase. Over the same period Western Australia decreased by $242m (-6.9%) and Queensland decreased by $17m (-0.5%).

• Taxes on property increased by $2,145m (6.5%) to $35,151m, mainly due to an increase in land taxes of $1,163m (16.1%). Victoria and New South Wales recorded the largest increases in dollar terms for taxes on property, rising $1,085m (12.2%) and $996m (7.7%) respectively.

• Taxes on the provision of goods and services increased by $153m (1.3%) to $12,036m, mainly due to an increase in taxes on insurance n.e.c. of $166m (3.7%).

• Taxes on the use of goods and performance of activities increased by $351m (3.0%) to $11,875m, mainly due to an increase in motor vehicle taxes of $371m (3.7%).