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Note 2: Sovereign Revenue (Accrual)

Sovereign Revenue (Accrual)
Forecast
30 June 2012 		Actual
Budget 11
$m 		Budget 12
$m 		30 June
2012
$m 		30 June
2011
$m
   

Direct Income Tax Revenue (accrual)

   

Individuals

 
21,165 21,169 Source deductions 21,237 20,857
4,342 4,242 Other persons 4,232 3,791
(1,656) (1,657) Refunds (1,736) (1,679)
430 444 Fringe benefit tax 462 462
24,281 24,198 Total individuals 24,195 23,431
Corporate Tax  
7,978 8,019 Gross companies tax 8,310 6,687
(400) (274) Refunds (202) (197)
508 451 Non-resident withholding tax 500 467
1 5 Foreign-source dividend withholding payments 4 - 
8,087 8,201 Total corporate tax 8,612 6,957
Other Direct Income Tax  
1,665 1,671 Resident withholding tax on interest income 1,679 1,704
209 288 Resident withholding tax on dividend income 292 195
-  -  Estate and gift duties -  2
1,874 1,959 Total other direct income tax 1,971 1,901
34,242 34,358 Total direct income tax 34,778 32,289

Indirect Income Tax Revenue (accrual)

 

Goods and Services Tax

 
26,007 25,853 Gross goods and services tax 25,199 23,484
(10,965) (11,212) Refunds (10,627) (9,776)
15,042 14,641 Total goods and services tax 14,572 13,708

Other Indirect Taxation

 
1,049 1,038 Road user charges 1,045 1,016
886 885 Petroleum fuels excise - domestic production 847 872
665 665 Alcohol excise - domestic production 656 623
251 254 Tobacco excise - domestic production 244 220
668 602 Petroleum fuels excise - imports1 631 575
250 240 Alcohol excise - imports1 241 229
1,005 957 Tobacco excise - imports1 993 924
130 190 Other customs duty 173 188
223 229 Gaming duties 216 214
168 174 Motor vehicle fees 175 172
73 65 Approved issuer levy and cheque duty 58 62
38 33 Energy resources levies 36 36
5,406 5,332 Total other indirect taxation 5,315 5,131
20,448 19,973 Total indirect taxation 19,887 18,839
54,690 54,331 Total taxation revenue 54,665 51,128

Other Sovereign Revenue (accrual)

 
3,882 3,670 ACC levies 3,695 3,586
309 322 Fire service levies 326 312
89 98 EQC levies 107 88
690 309 Child support 311 523
200 176 Court fines 176 190
638 537 Other miscellaneous items 515 582
5,808 5,112 Total other sovereign revenue 5,130 5,281
60,498 59,443 Total sovereign revenue 59,795 56,409

1. Customs excise-equivalent duty.

Note 2: Sovereign Revenue (Cash)

Sovereign Revenue (Cash)
Forecast
30 June 2012 		Actual
Budget 11
$m 		Budget 12
$m 		30 June
2012
$m 		30 June
2011
$m

Direct Income Tax Receipts (cash)

 

Individuals

 
21,066 21,011 Source deductions 21,010 20,699
4,765 4,890 Other persons 4,720 4,386
(2,394) (2,558) Refunds (2,468) (2,463)
424 440 Fringe benefit tax 458 457
23,861 23,783 Total individuals 23,720 23,079

Corporate Tax

 
8,369 8,285 Gross companies tax 8,792 7,588
(799) (729) Refunds (814) (772)
508 432 Non-resident withholding tax 434 462
1 5 Foreign-source dividend withholding payments 4 (1)
8,079 7,993 Total corporate tax 8,416 7,277

Other Direct Income Tax

 
1,664 1,670 Resident withholding tax on interest income 1,699 1,701
208 288 Resident withholding tax on dividend income 290 196
-  -  Estate and gift duties -  2
1,872 1,958 Total direct other income tax 1,989 1,899
33,812 33,734 Total direct income tax 34,125 32,255

Indirect Tax Receipts (cash)

 

Goods and Services Tax

 
25,135 25,024 Gross goods and services tax 24,574 22,162
(10,394) (10,912) Refunds (10,435) (9,177)
14,741 14,112 Total goods and services tax 14,139 12,985
 

Other Indirect Taxation

 
1,049 1,038 Road user charges 1,048 1,015
886 885 Petroleum fuels excise - domestic production 845 869
665 665 Alcohol excise - domestic production 654 625
251 254 Tobacco excise - domestic production 238 181
2,053 1,989 Customs duty 2,057 2,005
223 229 Gaming duties 216 216
168 174 Motor vehicle fees 169 171
73 65 Approved issuer levy and cheque duty 55 60
38 33 Energy resources levies 36 36
5,406 5,332 Total other indirect taxation 5,318 5,178
20,147 19,444 Total indirect taxation 19,457 18,163
53,959 53,178 Total tax receipts collected 53,582 50,418

Other Sovereign Receipts (cash)

 
3,804 3,703 ACC levies 3,693 3,612
309 322 Fire service levies 326 312
88 121 EQC levies 134 88
231 217 Child support 243 208
179 166 Court fines 157 179
267 360 Other miscellaneous items 337 294
4,878 4,889 Total other sovereign receipts 4,890 4,693
58,837 58,067 Total sovereign receipts 58,472 55,111

 

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