Taxation revenue is revenue received from the State’s taxpayers.
State taxation revenue includes:
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.
The State’s taxation revenue is forecast by a process that involves:
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 forecasting models, such as impact of economic shocks or policy stimulus.
The spreadsheets below contain the nine taxation data series:
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 Report, 2017-18 Budget and 2017-18 Budget Update:
Taxation revenue - annual (XLSX 124kb)
The quarterly series is a historical series only (incorporates information published to June 2017):
Taxation revenue - quarterly (XLSX 19kb)