5506.0 - Taxation Revenue, Australia, 2007-08 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 14/04/2009   
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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 or levy;
  • the introduction or abolition of a tax or levy;
  • one-off special payments;
  • additional or fewer collection periods during the financial year;
  • changes to payment arrangements; and
  • other factors such as economic conditions, population growth, etc.

Major factors affecting taxation revenue in 2007-08 are outlined below. This information has been derived from budget outcomes and annual reports published for the Commonwealth and state governments.

Commonwealth Government

Taxes on Income
  • Income taxes levied on individuals rose by $8,273 million (6.9%).
  • Income taxes levied on enterprises rose by $10,869 million (16.1%) due largely to a $6,530 million (10.9%) increase in company income tax.
  • Income taxes paid by superannuation funds also increased by $4,339 million (57.3%).

Taxes on the provision of goods and services
  • Goods and services tax (GST) revenue received rose $3,173 million (7.7%) to $44,381 million.

State Governments

Total taxation revenue
  • All states recorded increases in taxation revenue. The largest increases were for Victoria, rising $1,161 million (9.9%) and Queensland, up $1,062 million (12.5%). New South Wales also increased by $852 million with the net increase including a decrease in property tax revenue.

Taxes on Employers' Payroll
  • Taxes on employers' payroll increased in 2007-08 by $1,627 million or 11.3%. Tax revenue from employers' payroll taxes increased for all states. The largest increase recorded, in dollar terms, occurred in New South Wales with an increase of $544 million. Western Australia recorded the largest percentage increase of 20.5%.

Taxes on property
  • Taxes on property rose $1103 million (5.6%) due to a rise of $1,338 million (10.2%) in stamp duties on conveyances and a $332 million decrease in other stamp duties.
  • Tax revenue from stamp duties on conveyances increased for all states except New South Wales, with a decrease of $228 million (5.5%). Victoria recorded the largest increase of $745 million (25.2%). The largest increase in percentage terms was South Australia which recorded an increase of 26.1%.

Taxes on the provision of goods and services
  • Taxes on the provision of goods and services increased by $645 million, a rise of 7.6%.
  • Taxes on insurance n.e.c increased by $440 million (17.4%). New South Wales was the largest contributor with an increase of $352 million (41.1%) due to an increase in contributions to the WorkCover Authority Fund and the Workers Compensation (Dust Disease) Board.

Taxes on use of goods and peformance of activities
  • Taxes on the use of goods and performance of activities increased by $852 million (13.9%)
  • Revenue from motor vehicle taxes increased by $471 million (8.0%).
  • Revenue from Other taxes on the use of goods and performance of activities n.e.c increased by $387 million (170.5%). These taxes are impacted by the electricity tariff refunds to distributors from the NSW Electricity Tariff Equalisation Fund. This tax is positive or negative depending on wholesale prices which determine the amount of refunds.