Tax Outturn Data
Page updated 26 Jan 2016
Tables of monthly tax revenue and receipts from collecting departments.
Tax data are sometimes difficult to interpret as economic indicators, but tax outturns are among the earliest data available about the state of the economy. The Government has decided that it is important that this information about the economy should be available to market analysts, and the general public, as soon as possible.
Monthly tax outturn data are published here usually just over six weeks after the end of the month, shortly after they are reported to Ministers.
Outturns for November 2015
Total unconsolidated tax revenue for the five months ended November 2015 was $112 million (0.4%) below the 2015 Half Year Economic and Fiscal Update (2015 HYEFU) forecast and $923 million (3.2%) greater than the same period last year. Corporate tax and source deductions were the main tax types that were below forecast.
Total unconsolidated tax receipts for the five months ended November 2015 were $254 million (0.9%) above the 2015 HYEFU forecast and $1,263 million (4.4%) higher than the same period last year. Corporate tax was above forecast and all other major tax types were close to forecast. For further details, refer to the Financial Statements of the Government of New Zealand for the Five Months Ended 30 November 2015.
The figures reported in the spreadsheets below are on an unconsolidated basis, adding to total tax, and differ from the figures reported in the monthly financial statements of Government. The monthly financial statements are prepared on a consolidated basis, meaning they eliminate tax transactions between Departments, State-owned enterprises and Crown entities. The eliminations are included in Section III in the Monthly History spreadsheet for comparison with the figures in the financial statements of the Government.
|26 Jan 2016||Tax Outturn Data November 2015 - Receipts||tax-receipts-nov15.xlsx (22 KB)|
|26 Jan 2016||Tax Outturn Data November 2015 - Revenue||tax-revenue-nov15.xlsx (22 KB)|
|26 Jan 2016||Tax Outturn Data Monthly History
Receipts from July 1990, revenue from July 1993.
|tax-history-nov15.xlsx (430 KB)|
Next Release of Tax Outturn Data
The Treasury publishes tax outturns in conjunction with the release of the monthly Financial Statements of the Government of New Zealand. Sometimes there are delays in data collection due to audits, holidays, or changes to processes. If the release date should change, a message will appear on this page and on the Treasury main page. The upcoming release dates are listed on the Treasury's Calendar of Upcoming Releases. The standard time for each release will be 10am.
Glossary of Tax Terms
The Glossary of Tax Terms explains some of the common names and terms used in tax-related reports, including the difference between tax receipts and tax revenue. Where relevant, notes explaining if the tax type no longer exists and when it was abolished, its relative importance in the overall tax take etc are included.
Tax Revenue Outturns
Tax revenue, which measures tax due in a given time period, entails estimation. Some tax types use taxpayers' own estimates from their tax returns. These are subject to revisions when new returns are filed, application of revenue recognition rules when assessments and payments do not reconcile, etc. Other tax types require some estimation from the tax-collecting entity because returns for the current period are usually unavailable at the time of reporting. While several checks are done, such as sampling and individually reviewing exceptionally large estimates, the nature of revenue means it is more difficult to measure than receipts. Tax revenue figures are audited independently at 30 June each year and adjustments made if necessary. For these reasons, the monthly track of many tax types may be more erratic for revenue than receipts.
Notes on Historical Data
The "Monthly history" spreadsheet includes monthly tax receipts and revenue data from July 1990 and July 1993 respectively. Each worksheet tab contains up to four sections. The first section displays monthly cash receipts/accrual revenue by tax type. We have omitted some very minor taxes.
The second section consists of aggregates: individuals, corporates (net company, foreign-source dividends, non-resident withholding), net GST.
The third section shows the eliminations that, when removed, give Core Crown Tax and Fully Consolidated Tax respectively.
The fourth section shows tax write-offs by tax type. From June 2007, we have reported tax revenue gross of tax write-offs, whereas previously they were reported net of tax write-offs. Tax write-offs are now included separately as an expense item in the financial statements. To get a series consistent with the figures prior to June 2007, users of the data may like to subtract tax write-offs from the same tax revenue line above.