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Financial Statements of the Government of New Zealand for the Year Ended 30 June 2009

Note 2:  Tax and Levies Collected through the Crown's Sovereign Power (Accrual)

Note 2:  Tax and Levies Collected through the Crown's Sovereign Power (Accrual)
Forecast Actual
Original
Budget
$m
Estimated
Actuals
$m
30 June 2009
$m
30 June 2008
$m

Direct Income Tax Revenue (accrual)

 

Individuals

 
22,874 22,967 Source deductions 22,587 23,345
4,986 4,639 Other persons 4,408 5,071
(1,199) (1,731) Refunds (1,636) (1,470)
523 499 Fringe benefit tax 500 522
27,184 26,374 Total individuals 25,859 27,468

Corporate Tax

 
7,817 7,014 Gross companies tax 8,245 8,787
(300) (535) Refunds (430) (242)
1,402 1,409 Non-resident withholding tax 1,451 1,506
109 5 Foreign-source dividend withholding payments 10 71
9,028 7,893 Total corporate tax 9,276 10,122

Other Direct Income Tax

 
2,740 2,763 Resident withholding tax on interest income 2,571 2,699
91 61 Resident withholding tax on dividend income 65 69
3 2 Estate and gift duties 1 3
2,834 2,826 Total other direct income tax 2,637 2,771
39,046 37,093 Total direct income tax 37,772 40,361

Indirect Income Tax Revenue (accrual)

 

Goods and Services Tax

 
20,458 22,248 Gross goods and services tax 20,551 20,631
(8,578) (10,655) Refunds (9,000) (9,516)
11,880 11,593 Total goods and services tax 11,551 11,115

Other Indirect Taxation

 
940 883 Road user charges 868 851
813 811 Petroleum fuels excise - domestic production 781 819
605 630 Alcohol excise - domestic production 616 573
151 170 Tobacco excise - domestic production 172 159
541 540 Petroleum fuels excise - imports1 514 528
227 200 Alcohol excise - imports1 213 222
857 820 Tobacco excise - imports1 891 804
234 268 Other customs duty 262 303
254 215 Gaming duties 215 260
229 171 Motor vehicle fees 171 226
91 92 Approved issuer levy and cheque duty 80 105
43 37 Energy resources levies 39 46
4,985 4,837 Total other indirect taxation 4,822 4,896
16,865 16,430 Total indirect taxation 16,373 16,011
55,911 53,523 Total taxation revenue 54,145 56,372

Other Sovereign Revenue (accrual)

 
2,780 2,885 ACC levies 2,880 2,718
303 303 Fire service levies 299 279
87 87 EQC levies 86 86
274 345 Child support 375 308
274 284 Court fines 263 262
319 210 Other miscellaneous items 215 226
4,037 4,114 Total other sovereign revenue 4,118 3,879
59,948 57,637 Total sovereign revenue 58,263 60,251

1. Customs excise-equivalent duty.

Note 2:  Tax and Levies Collected through the Crown's Sovereign Power (Cash)
Forecast Actual
Original
Budget
$m
Estimated
Actuals
$m
30 June 2009
$m
30 June 2008
$m

Direct Income Tax Receipts (cash)

 

Individuals

 
22,737 22,767 Source deductions 22,567 22,830
5,570 5,050 Other persons 4,988 5,469
(2,065) (2,465) Refunds (2,488) (2,171)
513 500 Fringe benefit tax 506 489
26,755 25,852 Total individuals 25,573 26,617

Corporate Tax

 
7,948 7,965 Gross companies tax 7,742 9,075
(1,000) (1,741) Refunds (2,013) (1,026)
1,373 1,378 Non-resident withholding tax 1,437 1,638
109 5 Foreign-source dividend withholding payments (2) 72
8,430 7,607 Total corporate tax 7,164 9,759

Other Direct Income Tax

 
2,740 2,746 Resident withholding tax on interest income 2,593 2,616
90 86 Resident withholding tax on dividend income 97 40
3 2 Estate and gift duties 2 2
2,833 2,834 Total direct other income tax 2,692 2,658
38,018 36,293 Total direct income tax 35,429 39,034

Indirect Tax Receipts (cash)

 

Goods and Services Tax

 
19,944 20,566 Gross goods and services tax 19,715 20,085
(8,267) (9,455) Refunds (8,894) (8,859)
11,677 11,111 Total goods and services tax 10,821 11,226
 

Other Indirect Taxation

 
940 883 Road user charges 864 851
813 811 Petroleum fuels excise - domestic production 786 809
605 630 Alcohol excise - domestic production 587 554
151 170 Tobacco excise - domestic production 170 160
1,859 1,828 Customs duty 1,957 1,946
254 224 Gaming duties 227 238
229 171 Motor vehicle fees 165 223
92 102 Approved issuer levy and cheque duty 77 85
43 43 Energy resources levies 36 42
4,986 4,862 Total other indirect taxation 4,869 4,908
16,663 15,973 Total indirect taxation 15,690 16,134
54,681 52,266 Total tax receipts collected 51,119 55,168

Other Sovereign Receipts (cash)

 
2,688 2,795 ACC levies 2,792 2,561
303 304 Fire service levies 300 281
87 86 EQC levies 87 86
210 181 Child support 177 171
171 177 Court fines 173 169
216 190 Other miscellaneous items 187 192
3,675 3,733 Total other sovereign receipts 3,716 3,460
58,356 55,999 Total sovereign receipts 54,835 58,628
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