State taxation revenue includes:
- payroll tax
- mental health and wellbeing levy
- 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, life and non-life policies, and insurance company contributions to fire brigades
- fire services property levy
- motor vehicle taxes, including registration fees and duty on registrations and transfers
- COVID debt levies
- other taxes, including all other taxation revenue not separately reported.
The State’s taxation revenue is forecast by a process that involves:
- application of DTF’s Macroeconomic forecasts when there is a relationship between taxation revenue and economic variables.
- use of forward indicators, unpublished revenue data and qualitative information from liaison with relevant stakeholders.
This enables an assessment of economic and other factors that influence the tax bases from which taxes are sourced. For example, when forecasting payroll tax, it involves assessing the outlook for the employment market.
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 twelve taxation data series:
- total taxation revenue
- payroll tax
- mental health and wellbeing levy
- land tax
- land transfer duty
- gambling taxes
- insurance taxes
- fire services property levy
- motor vehicle taxes
- COVID debt levy – payroll $10m+
- COVID debt levy – landholdings
- other taxes.
The annual series include historical and forecast data published in budget papers (Budget, Pre-Election Budget Update, and Budget Update) and the Annual Financial Report:
The quarterly series is a historical series only (incorporates information published to May 2024):