Budget 2019 - Summary of all tax collections

Budget 2019 - Summary of all tax collections

This table outlines the New Zealand Government's planned tax collections for the 2019/20 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 30, 2019.

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 2014/2015 Actual 2015/2016 Actual 2016/2017 Actual 2017/2018 Actual 2018/2019   Estimate 2019/2020 %
NZ$m NZ$m NZ$m NZ$m NZ$m   NZ$m  
          181.0           214.1           222.9           227.4         236.0 Motor Vehicle Registration  228.3          0.2
               -             143.0           277.8           335.9         127.2 Repayments of Loans by Housing New Zealand Corporation and Housing New Zealand Limited 251.5          0.2
          221.3           224.3           230.4           248.3         257.3 Benefit Recoveries - Current Debt 278.4          0.3
          264.4           275.5           297.7           317.0         302.0 Gaming Duties 307.0          0.3
          276.4           275.8           297.6           307.3         328.6 ACC - Reimbursement of Non-Earners Account 342.7          0.3
          237.9           284.8           252.7           289.0         314.6 Overseas Pension Recoveries 344.5          0.3
          194.4           203.9           183.5           326.0         348.4 Payment of Capital Charge by DHBs 374.9          0.3
          604.2           603.3           602.5           603.7         432.0 Interest on Impaired Student Loans 449.0          0.4
          462.1           473.7           464.2           469.1         483.0 Child Support Collections 497.0          0.5
          514.1           502.4           524.8           558.5         558.0 Fringe Benefit Tax 585.0          0.5
          386.9           212.4           280.7           232.9         422.4 Defence Equipment 744.4          0.7
          733.2           800.8        1,023.5           793.3         780.6 Dividends from SOEs 804.2          0.7
          134.7           272.1           444.4           669.4         965.4 Emissions Trading 1,054.5          1.0
       1,113.8        1,208.9        1,272.8        1,348.1       1,447.0 Student Loans - Receipts 1,465.0          1.3
       1,283.0        1,381.1        1,469.5        1,551.1       1,655.4 Road User Charges 1,798.7          1.6
       1,933.6        1,997.2        1,817.1        1,886.6       1,953.4 Capital Charge - Departments 2,023.5          1.8
       2,028.9        2,277.1        2,228.7        2,220.8       2,442.0 Excise Duty 2,573.0          2.3
       2,391.1        2,441.6        2,549.5        2,737.9       2,792.0 Customs Duty 2,819.0          2.6
       2,839.0        3,019.1        2,803.5        2,913.4       3,011.0 Withholding Taxes 3,119.0          2.8
       4,253.2        4,047.4        4,743.9        4,716.8       4,168.0 'Other Persons' (trusts, etc) 5,212.0          4.7
       8,065.6        8,461.1        8,491.5        9,420.5     10,161.0 Goods and Services Tax (Customs) 10,609.0          9.7
     10,384.2      11,531.9      13,743.4      13,622.2     15,432.0 Company tax 15,320.0        13.9
     15,612.0      16,440.4      17,899.2      18,688.4     19,452.0 Goods and Services Tax (IRD) 20,922.0        19.0
     25,777.8      27,498.6      29,123.9      31,217.7     33,174.0 PAYE/Source Deductions 35,196.0        32.0
83,199.9 88,230.7 93,623.8 98,044.5 103,857.1 Grand Total 109,860.1      100.0
244,795 257,151 273,377 288,838 305,173 GDP (nominal, per RBNZ) 322,433  
34.0% 34.3% 34.2% 33.9% 34.0% Govt taxation - % of GDP 34.1%  
and this compares with spending as follows:
83,200.2 86,218.5  89,455.5 92,134.7 102,164.2   110,785.6  

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

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