State taxation revenue

Overview

Taxation revenue is revenue received from the State’s taxpayers.


State taxation revenue includes:

  • payroll tax;
  • land tax;
  • duties levied principally on conveyances and land transfers;
  • gambling taxes levied mainly on private lotteries, electronic gaming machines, casino operations and racing;
  • insurance duty relating to compulsory third party and non-life policies;
  • fire services property levy relating to the funding needs of the Metropolitan Fire and Emergency Services Board and the Country Fire Authority;
  • motor vehicle taxes, including registration fees and duty on registrations and transfers; and
  • other taxes, including congestion levy, metropolitan improvement levy, growth areas infrastructure contribution, other property duties, financial accommodation levy, franchise taxes, landfill levies, licence fees and progressive recognition of up-front concession fees paid by Transurban in respect of Melbourne CityLink and levies on statutory corporations in other sectors of government.

Taxation revenues are affected by movement in economic variables. The figure below shows some of the high-level economic variables that affect our tax forecasts.

High level economic variables that affect our tax forecasts

The State’s taxation revenue is forecast by a process that involves:

  • application of DTF’s economic forecasts, where there is a relationship between taxation revenue and economic variables; and
  • use of forward indicators, unpublished revenue data and qualitative information from liaison with relevant stakeholders.

This enables an assessment of economic and other factors influencing the tax bases from which taxes are sourced e.g. for payroll tax, an assessment of the outlook for employment.

Where necessary, adjustment factors are used to account for other trends or events not captured by the model, such as impact of economic shocks or policy stimulus.

The spreadsheets below contain the nine taxation data series:

  • total taxation revenue;
  • payroll tax;
  • land tax;
  • land transfer duty;
  • gambling taxes;
  • insurance taxes;
  • fire services property levy;
  • motor vehicle taxes; and
  • other taxes. 

The annual series include historical and forecast data published in budget papers (Budget and Budget Update) and Financial Report (incorporates information published in the 2016-17 Financial Report2016-17 Budget Update and 2017-18 Budget:

Taxation revenue - annual (XLSX 120kb)

The quarterly series is a historical series only (incorporates information published to June 2017):

Taxation revenue - quarterly (XLSX 19kb)