Budget 2016 - Summary of all tax collections
26th May 16, 3:39pm
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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 | |
| 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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