Budget 2016 - Summary of all tax collections

This table outlines the New Zealand Government's planned tax collections for the 2016/17 budget year.

Actual tax collected for the previous four years is on the left for the sake of comparison.

The numbers are drawn together from data released by the Minister of Finance on May 26, 2016.

Links to the primary sources used, from Treasury's website, can be found at the bottom of the page.

Figures for each allocation are in millions of NZ$

Actual 2012/13 Actual 2013/14 Actual 2014/15 Actual
2015/16
  Budget
2016/17
%
NZ$m NZ$m NZ$m NZ$m   NZ$m  
             
3.0 3.0 0.0 0.0 Stamp and cheque duties 0.0 0.0
7.8 7.8 7.8 6.2 Energy resource levy - coal 5.0 0.0
28.1 28.1 28.1 26.5 Energy resource levy - gas 25.9 0.0
82.0 89.0 95.0 94.0 Other indirect taxes 101.0 0.1
177.7 186.7 195.4 207.0 Motor vehicle registration 225.0 0.3
275.0 278.0 267.0 272.0 Gaming duties 278.0 0.3
460.0 477.0 512.0 529.0 Fringe benefit tax 547.0 0.7
1,062.0 1,163.6 1,267.7 1,345.0 Road user charges 1,361.4 1.7
1,860.5 1,922.6 1,903.3 2,207.6 Excise duties (incl petrol) 2,187.0 2.7
2,037.0 2,141.0 2,284.0 2,296.0 Customs duty 2,442.0 3.1
2,444.0 2,725.0 2,985.0 2,996.0 Withholding taxes 2,739.0 3.4
3,553.0 3,595.0 4,033.0 4,007.0 Other persons (trusts, SMEs) 4,153.0 5.2
8,968.0 9,451.0 10,479.0 11,144.0 Company income tax 11,717.0 14.6
22,023.0 21,602.0 24,186.0 24,815.0 GST 26,029.0 32.5
22,977.0 22,815.0 25,693.0 27,069.0 Personal income tax 28,242.0 35.3
===== ====== ====== ======  =================  ======  
$66,248.2 $69,512.5 $73,936.2 $77,014.3 Total tax collected $80,052.6  100%
$213,844 $223,217 $229,021 $239,496 GDP (nominal, per RBNZ) $246,086 E
31.0% 31.1% 32.2% 32.2% Tax collected as % of GDP 32.2% E
and this compares with spending as follows:    
$82,163.9 $82,712.6 $85,548.6 $88,945.9 Total government spending $89,969.6  
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Not all the difference between tax collected and expenditure needs to be borrowed. The Crown has other sources of revenue than tax. The biggest single reason is that significant portions of National Super payments are pre-funded in the Super Fund.

Sources: You can download the data behind these tables from the Treasury website here >>

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