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Notes to the Forecast Financial Statements

NOTE 1: Revenue Collected Through the Crown's Sovereign Power
	2009 Actual $m	2010 Previous Budget $m	2010 Forecast $m	2011 Forecast $m	2012 Forecast $m	2013 Forecast $m	2014 Forecast $m
Taxation Revenue (accrual)
Individuals
Source deductions	22,587	21,699	21,884	20,174	21,012	22,543	24,376
Other persons	4,408	4,387	4,261	4,403	4,865	5,019	5,156
Refunds	(1,636)	(1,651)	(1,979)	(1,484)	(1,609)	(1,609)	(1,620)
Fringe benefit tax	500	487	459	430	439	466	499
Total individuals	25,859	24,922	24,625	23,523	24,707	26,419	28,411
Corporate Tax
Gross companies tax	8,245	7,077	6,334	8,214	8,701	9,040	9,372
Refunds	(430)	(345)	(399)	(376)	(361)	(386)	(412)
Non-resident withholding tax	1,451	1,107	1,009	628	714	754	790
Foreign-source dividend w/holding payments	10	13	(1)	8	8	8	8
Total corporate tax	9,276	7,852	6,943	8,474	9,062	9,416	9,758
Other Direct Income Tax
Resident w/holding tax on interest income	2,571	2,049	1,812	1,465	1,928	2,310	2,583
Resident w/holding tax on dividend income	65	211	142	240	252	325	503
Estate and gift duties	1	2	2	1	1	1	1
Total other direct income tax	2,637	2,262	1,956	1,706	2,181	2,636	3,087
Total direct income tax	37,772	35,036	33,524	33,703	35,950	38,471	41,256
Goods and Services Tax
Gross goods and services tax	20,551	21,121	19,131	23,968	27,102	29,300	31,441
Refunds	(9,000)	(9,960)	(7,425)	(9,524)	(11,209)	(12,606)	(13,881)
Total goods and services tax	11,551	11,161	11,706	14,444	15,893	16,694	17,560
Other Indirect Taxation
Road user charges	868	885	894	955	1,002	1,048	1,105
Petroleum fuels excise - domestic production	781	802	849	907	972	990	1,020
Alcohol excise - domestic production	616	657	636	657	702	726	750
Tobacco excise - domestic production	172	172	188	209	223	232	232
Petroleum fuels excise - imports¹	514	-	564	600	645	657	678
Alcohol excise - imports¹	213	-	234	242	258	267	276
Tobacco excise - imports¹	891	-	916	1,020	1,089	1,131	1,133
Other customs duty	262	1,818	219	198	178	160	144
Gaming duties	215	224	229	228	230	232	235
Motor vehicle fees	171	167	170	175	180	186	192
Energy resources levies	39	38	37	38	38	36	36
Approved issuer levy and cheque duty	80	92	68	81	81	81	81
Total other indirect taxation	4,822	4,855	5,004	5,310	5,598	5,746	5,882
Total indirect taxation	16,373	16,016	16,710	19,754	21,491	22,440	23,442
Total taxation revenue	54,145	51,052	50,234	53,457	57,441	60,911	64,698
Other Sovereign Revenue (accrual)
ACC levies	2,880	3,226	3,201	3,823	4,009	4,132	4,264
Fire Service levies	299	307	304	309	322	333	345
EQC levies	86	88	88	87	88	89	89
Other miscellaneous items	853	1,239	1,070	1,540	1,633	1,945	2,329
Total other sovereign revenue	4,118	4,860	4,663	5,759	6,052	6,499	7,027
Total sovereign revenue	58,263	55,912	54,897	59,216	63,493	67,410	71,725

Customs excise-equivalent duty.

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Notes to the Forecast Financial Statements

Taxation Revenue (accrual)

Individuals

Corporate Tax

Other Direct Income Tax

Goods and Services Tax

Other Indirect Taxation

Other Sovereign Revenue (accrual)