Budget 2013- Summary of all tax collections

Budget 2013- Summary of all tax collections

This table outlines the New Zealand Government's planned tax collections for the 2013/14 budget year.

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

The numbers are drawn together from data released by the Minister of Finance on May 16, 2013.

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
2009/10 
Actual
2010/11 
Actual
2011/12
Actual
2012/13
  Budget
2013/14
%
NZ$m NZ$m NZ$m NZ$m   NZ$m  
             
 1.6  2.0 0.0 0.0  Minor direct taxes 0.0 0.0%
81.7  4.0 4.0 3.0  Stamp and cheque duties 3.0 0.0%
6.5 7.8 7.8 7.8  Energy resource levy - coal 7.8 0.0%
32.7 28.0 30.1 28.1  Energy resource levy - gas 28.1 0.0%
10.5 84.0 84.0 82.0  Other indirect taxes 89.0 0.1%
171.3 169.0 167.8 177.7  Motor vehicle registration 186.7 0.3%
265.3 263.0 268.0 275.0  Gaming duties 278.0 0.4%
460.7 461.0 430.0 460.0  Fringe benefit tax 477.0 0.7%
909.9 995.4 1,049.1 1,062.0  Road user charges 1,163.6 1.7%
1,621.7 1,725.3 1,801.8 1,860.5  Excise duties (incl petrol) 1,922.6 2.8%
1,873.1 1,991.0 2,053.0 2,037.0  Customs duty 2,141.0 3.1%
2,815.2 2,409.0 2,686.0 2,444.0  Withholding taxes 2,725.0 3.9%
2,156.0 2,141.0 2,383.0 3,553.0 Other persons (trusts, small businesses) 3,595.0 5.2%
6,630.8 7,834.0 8,423.0 9,451.0  Company income tax 10,067.0 14.5%
16,727.6 18,914.0 21,077.0 21,602.0  GST 22,830.0 32.8%
22,134.7 21,161.0 21,636.0 22,815.0  Personal income tax 24,138.0 34.7%
======  ======  ====== ======  =================  ======  ----- 
$55,899.4 $58,189.5  $62,100.6 $65,858.0  Total tax collected $69,651.9  100.0
$191,798 $200,234 $208,467 $213,844  GDP (nominal, per RBNZ) $227,892 E
29.1% 29.0%  29.8% 30.8%  Tax collected as % of GDP 30.6% E
and this compares with spending as follows:      
$76,053.8 $78,944.4 $82,050.5 $82,163.9 Total government spending $82,817.1  
        click on this link for details  
             
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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