5506.0 - Taxation Revenue, Australia, 2014-15 Quality Declaration
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 26/04/2016
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TAXATION REVENUE KEY FIGURES
A feature of the Australian federal system is that the Commonwealth Government levies and collects all income tax, from individuals as well as from enterprises. It also collects a portion of other taxes, including taxes on the provision of goods and services. The revenue base of state governments consists of taxes on property, on employers' payroll, and on the provision and use of goods and services. The sole source of taxation revenue for local governments is taxes on property.
Total taxation revenue collected in Australia increased $10,073m (2.3%) from $435,892m in 2013-14 to $445,965m in 2014-15. This was driven by a $10,163m (4.1%) increase in taxes on income and a $4,308m (10.5%) increase in taxes on property. Over the same period taxes on use of goods and performance of activities decreased $5,664m (-26.5%), largely driven by the carbon tax repeal. In 2014-15, taxes on income represented 58.0% of total taxation revenue for all levels of government and taxes on provision of goods and services, including the goods and services tax (GST), represented 23.4%.
COMMONWEALTH GOVERNMENT TAXATION REVENUE
Commonwealth Government taxation revenue (including taxes received from other levels of government and public corporations) increased $4,290m (1.2%) from $353,116m in 2013-14 to $357,406m in 2014-15. In 2014-15, Commonwealth taxation revenue represented 80.1% of taxation revenue for all levels of government. The following graph shows the level of taxation revenue for the two main sources of taxation revenue for the Commonwealth Government.
Source(s): Taxation Revenue, Australia
STATE GOVERNMENT TAXATION REVENUE
State government taxation revenue (including taxes received from other levels of government and public corporations) increased $4,920m (7.2%) from $68,720m in 2013-14 to $73,640m in 2014-15. This was driven by a $3,421m (13.1%) increase in property taxes, an $873m (4.1%) increase in employers' payroll taxes, and a $729m (7.2%) increase in taxes on use of goods and performance of activities. Taxes on property was the largest source of taxation revenue (40.0%) for state governments in 2014-15, followed by employers' payroll taxes (30.2%). The following graph shows the level of taxation revenue for state governments by source.
Source(s): Taxation Revenue, Australia
LOCAL GOVERNMENT TAXATION REVENUE
Local government taxation revenue increased $909m (6.1%) from $14,870m in 2013-14 to $15,779m in 2014-15.
TAXATION REVENUE AUSTRALIA
This publication contains statistics of taxation revenue collected by all levels of government in Australia for the periods 2005-06 to 2014-15. The taxation revenue statistics presented are for the general government sector and include taxes received from public corporations (i.e. government owned/controlled corporations).
Time series of these data are available on the ABS website.
This publication contains a section on adjusted measures of government revenue, which provides analytical measures designed to facilitate an understanding of the level of government at which revenue is used rather than collected.
TRANSACTIONS RELATED TO VISA APPLICATION CHARGES
In December 2015, the Commonwealth Government released the 2015-16 Mid-Year Economic and Fiscal Outlook which included a reclassification of visa application charges (VAC). These charges are now treated as taxation revenue, rather than sales of goods and services, to reflect a sustained change in the nature of this revenue item. This reclassification has been made through the GFS publication time series to ensure comparability over time, which has increased total taxation revenue for the Commonwealth Government.
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