Public Policy
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Budget 2025/26 - Summary of tax collections
23rd May 25, 2:14pm
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This table outlines the New Zealand Government's planned tax collections for the 2025/26 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 22, 2025.
Links to the primary sources used, from Treasury's website, can be found at the bottom of this page.
Figures for each allocation are in millions of NZ$
| Actual 2020/21 |
Actual 2021/22 |
Actual 2022/23 |
Actual 2023/24 |
Estimate 2024/25 |
Budget 2025/26 |
||
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | % | |
| 0.0 | 0.0 | 79.2 | 0.0 | 0.0 | Environmental Restoration Accounts Scheme | 0.0 | 0.0% |
| 112.4 | 0.0 | 0.0 | 0.0 | 0.0 | Adverse Income Equalisation Account | 0.0 | 0.0% |
| 0.0 | 122.6 | 110.2 | 94.6 | 33.0 | Small Business Cashflow Scheme interest unwind | 13.0 | 0.0% |
| 467.0 | 194.8 | 139.8 | 24.6 | 15.0 | Child Support Collections | 14.0 | 0.0% |
| 17.4 | 50.4 | 172.3 | 112.8 | 30.0 | Unclaimed Monies | 30.0 | 0.0% |
| 20.0 | 23.7 | 27.1 | 32.0 | 36.0 | Working for Families Tax Credit Interest and Penalties | 36.0 | 0.0% |
| 130.8 | 122.1 | 249.2 | 131.5 | 80.0 | Income Equalisation Reserve Account | 90.0 | 0.1% |
| 129.7 | 18.6 | 31.5 | 76.9 | 90.0 | Other non-tax revenue | 106.0 | 0.1% |
| 0.0 | 362.3 | 431.5 | 379.8 | 326.0 | Small Business Cashflow Scheme receipts | 129.0 | 0.1% |
| 89.2 | 97.5 | 153.2 | 198.3 | 221.0 | Other Indirect Taxes | 188.0 | 0.1% |
| 321.9 | 272.5 | 342.1 | 350.0 | 396.0 | Gaming Duties | 412.0 | 0.3% |
| 271.6 | 317.6 | 606.0 | 661.6 | 528.0 | Interest on Impaired Student Loans | 438.0 | 0.3% |
| 607.9 | 684.4 | 768.8 | 837.9 | 907.0 | Fringe Benefit Tax | 909.0 | 0.6% |
| 1,494.7 | 1,604.7 | 1,633.5 | 1,596.5 | 1,567.0 | Student Loans - Receipts | 1,631.0 | 1.1% |
| 3,005.0 | 3,756.6 | 5,367.5 | 5,831.7 | 6,192.2 | Finance | 4,972.8 | 3.4% |
| 2,992.1 | 2,465.6 | 3,840.8 | 6,701.0 | 5,494.0 | Withholding Taxes | 5,100.0 | 3.5% |
| 7,057.3 | 9,380.4 | 7,721.9 | 7,210.8 | 7,956.0 | Other Persons | 8,458.0 | 5.8% |
| 18,031.0 | 19,862.3 | 17,988.5 | 17,999.4 | 17,555.0 | Companies | 18,219.0 | 12.5% |
| 14,890.9 | 17,511.8 | 18,565.2 | 17,410.6 | 17,822.9 | Customs | 18,479.9 | 12.7% |
| 26,016.2 | 24,690.6 | 25,880.1 | 29,246.7 | 29,538.0 | GST | 30,160.0 | 20.8% |
| 38,676.1 | 43,145.8 | 47,789.2 | 52,863.5 | 53,340.0 | PAYE deductions | 55,835.0 | 38.4% |
| 114,331 | 124,684 | 131,818 | 141,760 | 142,127 | Grand Total | 145,221 | 100% |
| 317,705 | 343,348 | 365,812 | 401,574 | 420,569 | GDP (nominal, per RBNZ) | 432,196 | |
| 36% | 36% | 36% | 35% | 34% | Govt taxation - % of GDP | 34% | |
| and this compares with taxes collected as follows: | |||||||
| 137,028 | 162,043 | 163,339 | 174,680 | 186,691 | Total Expenditure | 187,994 | |
Sources: You can download the data behind these tables from the Treasury website here.
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