5506.0 - Taxation Revenue, Australia, 2015-16

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 27/04/2017

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Total Taxation Revenue Major Components of Total Taxation Revenue Taxation Revenue Analysis Taxation Revenue as a Proportion of Gross Domestic Product (GDP) Taxation Per Capita Taxation For All Levels of Government Taxation by Level of Government Adjusted Measures of Government Revenue About this Release	TAXATION REVENUE ANALYSIS 2015-16 TAXATION REVENUE All increases and decreases referred to below are from 2014-15 to 2015-16. Commonwealth Government *Taxes on income* Income taxes levied on individuals increased by $8,736m (4.8%) to $192,054m. Company income tax decreased by $3,287m (-4.9%) to $64,405m. Income tax paid by superannuation funds increased by $945m (16.1%) to $6,826m. *Taxes on the provision of goods and services* Goods and services tax (GST) revenue increased by $3,850m (6.8%) to $60,312m. State Governments *Total taxation revenue* 6 out of 8 states recorded increases in taxation revenue. The largest increase in dollar terms was New South Wales; rising $3,350m (12.7%) to $29,811m. Victoria's taxation revenue increased $1,591m (8.6%) to $20,027m, Western Australia increased $225m (2.6%) to $8,997m and the Australian Capital Territory increased $191m (13.9%) to $1,568m. Over the same period the Northern Territory decreased by $107m (-15.0%) to $608m and Queensland decreased by $28m (-0.2%) to $12,547m. *Taxes on employers' payroll* Taxes on employers' payroll for all states increased by $642m (2.9%) to $22,695m. New South Wales recorded the largest increase in dollar terms, rising $464m (6.2%). Victoria $230m (4.5%) and the Australian Capital Territory $64m (17.9%) were the other major contributors to the all states increase. Over the same period Western Australia decreased by $97m (-2.7%) and Queensland decreased by $70m (-1.9%). *Taxes on property* Taxes on property increased by $3,501m (11.9%) to $32,966m, mainly due to an increase in stamp duties on conveyances of $2,185m (11.9%). New South Wales and Victoria recorded the largest increases in dollar terms for taxes on property, rising $2,173m (20.2%) and $1,084m (13.9%) respectively. *Taxes on the provision of goods and services* Taxes on the provision of goods and services increased by $475m (4.2%) to $11,883m, mainly due to an increase in taxes on gambling machines of $204m (5.9%) and taxes on insurance n.e.c. of $126m (2.9%). *Taxes on the use of goods and performance of activities* Taxes on the use of goods and performance of activities increased by $696m (6.4%) to $11,509m, mainly due to an increase in motor vehicle taxes of $440m (4.6%). Document Selection These documents will be presented in a new window.