This table outlines the New Zealand Government's planned tax collections for the 2022/23 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 19, 2022.
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 2017/18 | Actual 2018/19 | Actual 2019/20 | Actual 2020/21 | Estimate 2021/22 | Budget 2022/23 | % | |
| NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | NZ$m | ||
| 0.0 | 0.7 | 4.6 | 112.4 | 0.0 | Adverse Income Equalisation Account | 0.0 | 0.0% |
| 14.1 | 12.7 | 9.4 | 17.4 | 30.0 | Unclaimed Monies | 16.0 | 0.0% |
| 24.0 | 14.6 | 20.8 | 20.0 | 20.0 | Working for Families interest and penalties | 19.0 | 0.0% |
| 88.2 | 102.7 | 97.7 | 130.8 | 97.0 | Income Equalisation Reserve Account | 97.0 | 0.1% |
| 469.1 | 469.9 | 493.2 | 467.0 | 179.0 | Child Support Collections | 172.0 | 0.1% |
| 317.0 | 313.6 | 276.2 | 321.9 | 258.0 | Gaming Duties | 321.0 | 0.2% |
| 603.7 | 429.9 | 367.0 | 271.6 | 299.0 | Interest on Impaired Student Loans | 435.0 | 0.3% |
| 0.0 | 0.0 | 0.0 | 0.0 | 754.0 | Small Business Cashflow Scheme receipts & interest unwind | 585.0 | 0.4% |
| 558.5 | 585.5 | 593.3 | 607.9 | 641.0 | Fringe Benefit Tax | 657.0 | 0.5% |
| 1,348.1 | 1,370.7 | 1,413.5 | 1,494.7 | 1,605.0 | Student Loans repayments | 1,665.0 | 1.2% |
| 2,913.4 | 3,147.5 | 2,926.8 | 2,992.1 | 2,194.0 | Withholding Taxes | 2,905.0 | 2.1% |
| 707.9 | 889.4 | 1,082.6 | 1,680.8 | 3,323.2 | Environment | 3,409.3 | 2.5% |
| 3,547.8 | 3,754.4 | 3,560.3 | 3,005.0 | 4,362.2 | Finance | 3,866.3 | 2.8% |
| 4,837.1 | 5,359.7 | 5,433.3 | 7,276.2 | 8,387.0 | Other Indirect Taxes | 9,369.0 | 6.8% |
| 14,379.5 | 15,543.5 | 15,115.9 | 14,890.9 | 17,098.2 | Customs | 17,973.1 | 13.1% |
| 13,622.2 | 15,724.5 | 12,342.9 | 18,031.0 | 17,570.0 | Companies | 22,230.0 | 16.1% |
| 18,688.4 | 19,393.1 | 20,630.9 | 26,016.2 | 25,228.0 | GST | 28,304.0 | 20.6% |
| 31,217.7 | 33,373.9 | 33,331.7 | 31,663.9 | 34,763.0 | PAYE | 37,148.0 | 33.1% |
| $93,337 | $100,486 | $97,700 | $108,970 | $116,809 | Grand Total | $129,172 | 100% |
| $295,641 | $310,163 | $318,731 | $342,477 | $361,900 | GDP (nominal, per RBNZ) | $392,100 | |
| 31.6% | 32.4% | 31.3% | 33.9% | 34.4% | Govt taxation - % of GDP | 35.1% | |
| and this compares with taxes collected as follows: | |||||||
| $81,582 | $94,402 | $124,855 | $131,109 | $161,686 | Total Expenditure | $150,480 | |
Sources: You can download the data behind these tables from the Treasury website here.
19 Comments
Wow ... PAYE tax collected has increased by 36 % under 4 years of Robbo's minding the piggybank ... no wonder most of us are feeling we're going backwards under this government ... we are !
mate and some of them are crowing that he is giving them $350 in August, they don't realise he has already taken it off them months earlier...sigh.
What's that % as an extra over vs growth/inflation?
I think they should double GST to 30% I and get rid of PAYE! Our household would be probably 20k a year better off. At least everyone pays GST, unlike PAYE which is only paid by the honest working folk.
Play that out a bit.
The poor spend all of their income - their effective tax rate will be 30%
If a rich person spends 20% of their income, their effective tax rate will be 6%
You think regressive taxation is fair?
B-b-b-b-but the top 1% of earners pay 200% of the income tax in this country, it's so unfair.
Don't mention the property investors or those wealthy enough to structure to avoid income tax.
Brilliant pie chart and summary.....
Majority of taxes paid by PAYE, GST & Customs (Duties) -= 66%
aka. employees and consumers
... hence , the widespread calls for some sort of wealth tax ... the rich are creaming it ... the workers are carrying a disproportionate burden in this country ...
We need a LVT ... and , we need it immediately !
Assuming LVT = land value tax? Isn't that already baked into council rates? which is of course another tax...
Rates 100% have property values baked into it - why do we need tax on tax?
I remember when we bought our land to build our house and even though there were no drainage or permanent power we still had to pay $1,100p.a. to the council while we were building, just for owning it...
Of course that nearly quadrupled once we had a house on it...
Where does brightline come under?
Gaming Duties lmao
Adverse Income Equalisation Account
Probably PAYE or Company tax depending on how it was held.
Why is the Company Tax slice of the tax pie so pathetically small, and PAYE & GST so excessively large?
Not fair that workers pay such a disproportionately high part of the tax burden.
Most small companies pay all their profit out as a shareholders salary so their company pays zero company tax at 28% but the salary is taxed at the shareholders personal tax rate. Usually higher than 28% too.
If the companies were paying more, who do you think pays for that?
. . the current government have been placing extra burdens on companies for 5 years ... it's a wonder the whole business sector hasn't collapsed ... Ardern's ministers have been kicking the snot out of farmers & companies repeatedly since 2017 ...
Whereas .... rich folks sitting on fortunes in property , aren't paying a single cent in tax on the increasing value of their land ... tax free windfalls for the rich ...
Wow withholding tax is just 2.1% so that's interest on your savings. Anyone smart enough would stop this its an easy vote winner, but no they continue to rip you every which way they can its disgusting.
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