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TAXATION REVENUE ANALYSIS


2014-15 TAXATION REVENUE

All increases and decreases referred to below are from 2013-14 to 2014-15.

Commonwealth Government

Taxes on income

• Income taxes levied on individuals increased by $13,070m (7.7%) to $183,383m.
• Income taxes levied on enterprises decreased by $3,109m (-4.1%) to $73,573m.
• Income taxes paid by superannuation funds decreased by $252m (-4.1%) to $5,881m.

• Goods and services tax (GST) revenue increased by $945m (1.7%) to $56,462m.

• All states recorded increases in taxation revenue. The largest increase in dollar terms was New South Wales; rising $1,835m (7.5%) to $26,197m. Victoria's taxation revenue increased $1,608m (9.5%) to $18,600m, Queensland increased $729m (6.2%) to $12,575m and South Australia increased $286m (7.0%) to $4,393m.

• Taxes on employers' payroll for all states increased by $873m (4.1%) to $22,250m. New South Wales recorded the largest increase in dollar terms, rising $421m (5.9%), Victoria $355m (7.2%) and Western Australia $154m (4.5%) were the other major contributors to the all states increase. Taxes on employers' payroll for Queensland decreased by $132m (-3.4%).

• Taxes on property increased by $3,421m (13.1%) to $29,465m, mainly due to an increase in stamp duties on conveyances of $2,446m (15.3%). New South Wales and Victoria recorded the largest increases in dollar terms for taxes on property, rising $1,514m (16.4%) and $874m (12.7%) respectively.

• Taxes on the provision of goods and services decreased by $104m (-0.9%) to $11,104m, mainly due to a decrease in taxes on insurance n.e.c. of $434m (-9.8%) offset by an increase in total taxes on gambling by $320m (5.9%).

• Taxes on the use of goods and performance of activities increased by $729m (7.2%) to $10,820m, mainly due to an increase in motor vehicle taxes of $572m (6.4%).