Notes to the Forecast Financial Statements

NOTE 1: Revenue collected through the Crown's sovereign power
	2010 Actual $m	2011 Previous Budget $m	2011 Forecast $m	2012 Forecast $m	2013 Forecast $m	2014 Forecast $m	2015 Forecast $m
Taxation revenue (accrual)
Individuals
Source deductions	21,774	20,174	20,670	21,165	23,129	24,722	26,339
Other persons	3,987	4,403	3,822	4,342	4,672	4,654	4,748
Refunds	(1,831)	(1,484)	(1,681)	(1,656)	(1,701)	(1,574)	(1,435)
Fringe benefit tax	461	430	461	430	457	481	505
Total individuals	24,391	23,523	23,272	24,281	26,557	28,283	30,157
Corporate tax
Gross companies tax	6,698	8,214	6,907	7,978	8,293	8,979	9,381
Refunds	(379)	(376)	(363)	(400)	(446)	(465)	(460)
Non-resident withholding tax	884	628	498	508	573	643	688
Foreign-source dividend w/holding payments	(3)	8	1	1	1	1	1
Total corporate tax	7,200	8,474	7,043	8,087	8,421	9,158	9,610
Other direct income tax
Resident w/holding tax on interest income	1,804	1,465	1,707	1,665	1,986	2,527	3,084
Resident w/holding tax on dividend income	130	240	203	209	292	470	489
Estate and gift duties	2	1	2	-	-	-	-
Total other direct income tax	1,936	1,706	1,912	1,874	2,278	2,997	3,573
Total direct income tax	33,527	33,703	32,227	34,242	37,256	40,438	43,340
Goods and services tax
Gross goods and services tax	19,797	23,968	23,253	26,007	28,354	31,536	33,143
Refunds	(7,880)	(9,524)	(10,047)	(10,965)	(11,928)	(13,981)	(14,675)
Total goods and services tax	11,917	14,444	13,206	15,042	16,426	17,555	18,468
Other indirect taxation
Road user charges	910	955	995	1,049	1,134	1,214	1,289
Petroleum fuels excise - domestic production	805	907	862	886	903	940	975
Alcohol excise - domestic production	600	657	625	665	700	732	765
Tobacco excise - domestic production	217	209	238	251	259	257	259
Petroleum fuels excise - imports¹	622	600	650	668	681	709	735
Alcohol excise - imports¹	225	242	234	250	263	274	287
Tobacco excise - imports¹	851	1,020	953	1,005	1,035	1,029	1,034
Other customs duty	175	198	154	130	110	95	80
Gaming duties	219	228	218	223	223	226	228
Motor vehicle fees	171	175	169	168	171	174	177
Energy resources levies	39	38	36	38	36	36	36
Approved issuer levy and cheque duty	69	81	73	73	73	73	73
Total other indirect taxation	4,903	5,310	5,207	5,406	5,588	5,759	5,938
Total indirect taxation	16,820	19,754	18,413	20,448	22,014	23,314	24,406
Total taxation revenue	50,347	53,457	50,640	54,690	59,270	63,752	67,746
Other sovereign revenue (accrual)
ACC levies	3,261	3,823	3,670	3,882	3,992	4,072	4,187
Fire Service levies	301	309	313	309	315	322	328
EQC levies	86	87	87	89	90	91	92
Other miscellaneous items	1,034	1,540	1,374	1,528	1,821	2,156	2,716
Total other sovereign revenue	4,682	5,759	5,444	5,808	6,218	6,641	7,323
Total sovereign revenue	55,029	59,216	56,084	60,498	65,488	70,393	75,069

Note 1: 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)