Show download pdf controls
  • Revenue collection

    As Australia’s principal revenue agency, the ATO facilitates the collection of revenue to fund public goods and services for the community. We do this through a range of collection systems, including income tax, goods and services tax (GST) and excise duty.

    Net tax collections in 2017–18 were $396.6 billion, up $37.4 billion (10.4%) over the previous year, and $12.5 billion (3.3%) above the amount expected at the time of the Budget 2017–18.

    Company tax collections increased by $16.1 billion (23.6%) in 2017–18, supported by strong commodity price growth driving a substantial increase in mining profits; solid profit growth in the non-mining sector; and ATO compliance efforts. The outcome was $6.7 billion above Budget profile.

    Total individuals tax collections grew by $13.1 billion (6.8%) this year. The outcome was $2.4 billion above Budget profile, reflecting stronger employment growth.

    Superannuation funds income tax collections increased by $2.6 billion (31.5%), reflecting strong increases in capital gains tax as losses are now largely exhausted, and strong net foreign exchange gains. The outcome was $2.3 billion above Budget profile.

    GST collections increased by $3.2 billion (5.4%) this year, reflecting solid growth in consumption, supported by a good labour market outlook, and was $0.7 billion above Budget profile.

    Excise collections were $0.9 billion (4.1%) higher than 2016–17 and $0.5 billion higher than Budget profile, reflecting some strength in diesel sales.

    TABLE 2.14 ATO net tax collections, 2015–16 to 2017–18(a)

    Tax

    2015–16
    $m

    2016–17
    $m

    2017–18
    $m

    Gross PAYG withholding(b

    173,436

    179,355

    192,229

    Gross other individuals

    41,746

    42,871

    43,866

    Individual refunds

    –28,081

    –28,364

    –29,102

    Total individuals

    187,101

    193,863

    206,993

    Companies

    62,648

    68,408

    84,549

    Superannuation funds(c)  

    6,834

    8,218

    10,804

    Resource rent taxes(d

    741

    981

    1,116

    Fringe benefits tax(e)

    4,368

    4,046

    3,911

    Total income tax

    261,692

    275,515

    307,373

    Excise

    21,492

    21,800

    22,703

    Goods and services tax (GST)(f)

    57,536

    60,022

    63,265

    Other indirect taxes(g)

    1,456

    1,506

    1,586

    Total indirect taxes

    80,485

    83,328

    87,554

    Major bank levy(h)

    na

    na

    1,139

    Superannuation guarantee charge

    341

    283

    441

    Foreign investment application fees(i

    78

    134

    114

    Total net tax collections

    342,596

    359,259

    396,620

    Self-managed superannuation fund levy

    155

    122

    129

    Other revenue – unclaimed monies(j)

    604

    602

    235

    Total collections

    343,355

    359,983

    396,984

    HELP/SFSS(k

    1,907

    2,129

    2,462

    NOTES
    (
    a) The collections data presented in this table has been adjusted to exclude administered expenses and better align with our financial statements and the Final Budget Outcome. Totals may differ from the sum of components due to rounding.
    (b) Includes amounts withheld from salaries and wages, TFN and ABN withholdings, dividend, interest, royalty, and mining withholding taxes.

    (c) Includes income tax for superannuation funds and superannuation surcharge, and no TFN contributions tax.
    (
    d) For 2016–17, resource rent taxes include both petroleum resource rent tax and minerals resource rent tax.
    (e) Includes Australian Government departments and authorities.
    (
    f) Includes some collections by the Department of Home Affairs. In 2017–18, these were $3.9 billion. Includes GST non-general interest charge penalties, which are not distributed to the state and territory governments under the intergovernmental agreement.
    (g) Includes wine equalisation tax (WET) and luxury car tax, of which a small amount was collected by the Department of Immigration and Border Protection (now Department of Home Affairs).
    (h) Started 1 July 2017.
    (i) Started 1 December 2015.
    (j) The majority of 'Other revenue – unclaimed monies' is unclaimed superannuation monies.
    (k) Higher Education Loan Program (HELP) and Student Financial Supplement Scheme (SFSS) collections.
     
    TABLE 2.15 Expected revenue – Variation between Budget forecast and actual net collections in 2017–18

    Collected from

    Collections
    $m

    Budget
    $m

    Variance
    $m

    Total individuals

    206,993

    204,600

    2,393

    Companies

    84,549

    77,800

    6,749

    GST

    63,265

    62,560

    705

    Superannuation funds

    10,804

    8,460

    2,344

    Other

    31,009

    30,696

    313

    Total net tax collections

    396,620

    384,116

    12,504

    In 2017–18, we issued income tax refunds with a total value of $42.5 billion. We also issued activity statement refunds with a total value of $59.8 billion. Total refunds were $102.3 billion, up 3.2% from 2016–17.

    TABLE 2.16 Amount refunded, 2015–16 to 2017–18(a)

    Type of refund

    2015–16
    $m

    2016–17
    $m

    2017–18
    $m

    Income tax

     

     

     

    Income tax – Total individuals(b)

    28,081

    28,364

    29,102

    Income tax – Companies

    10,474

    9,550

    9,311

    Income tax – Superannuation funds(c)

    3,941

    3,674

    3,473

    Income tax – Resource rent taxes

    81

    110

    42

    Income tax – Fringe benefits tax(d

    583

    706

    565

    Total income tax

    43,160

    42,403

    42,493

    Excise

    64

    34

    30

    Activity statements

    54,169

    56,700

    59,777

    TOTAL

    97,394

    99,137

    102,300

    NOTES
    (
    a) Refunds data presented in this table has been adjusted to exclude all administered expenses and better align with our financial statements and the Final Budget Outcome. Totals may differ from the sum of components due to rounding.
    (
    b) Excludes administered payments, such as private health insurance rebate.
    (
    c) Includes superannuation surcharge refunds.
    (d) Includes Australian Government departments and authorities.
      Last modified: 26 Oct 2018QC 57113