Schedule of non-departmental revenue

For the year ended 30 June 2021

Actual 2020
($000)

Notes
2, 3

Actual 2021
($000)

Unaudited budget 2021
($000)

Unaudited forecast 2022
($000)

Direct taxation

Income tax

Individuals

$34,073,382

Source deductions (PAYE)

$37,121,636

$33,977,000

$38,466,000

$7,190,664

Other persons

$8,773,497

$6,694,000

$7,076,000

$(1,887,138)

Refunds

$(1,716,220)

$(1,859,000)

$(2,015,000)

$593,333

Fringe benefit tax

$607,943

$555,000

$648,000

$39,970,241

Total individuals

$44,786,856

$39,367,000

$44,175,000

Corporate tax

$12,767,295

Gross companies tax

$18,374,762

$10,974,000

$14,398,000

$(424,365)

Refunds

$(343,723)

$(283,000)

$(389,000)

$570,325

Non-resident withholding tax

$472,192

$431,000

$472,000

$12,913,255

Total corporate tax

$18,503,231

$11,122,000

$14,481,000

Other direct income tax

$1,528,844

Resident withholding tax on interest income

$1,000,451

$1,016,000

$827,581

Resident withholding tax on dividend income

$1,519,475

$596,000

$713,000

$1,406,459

Employer superannuation contribution tax

$1,554,424

$1,363,000

$1,476,000

$3,762,884

Total other direct income tax

$4,074,350

$2,975,000

$3,205,000

$56,646,380

Total direct taxation

$67,364,437

$53,464,000

$61,861,000

Indirect taxation

Goods and services tax

$34,742,580

Gross goods and services tax

$40,268,344

$31,241,000

$39,743,000

$(14,111,693)

Refunds

$(14,252,179)

$(12,925,000)

$(15,070,000)

$20,630,887

Total goods and services tax

$26,016,165

$18,316,000

$24,673,000

Other indirect taxation

$100,923

Approved issuer levy

$87,810

$108,000

$114,000

$276,214

Gaming duties

$321,929

$296,000

$318,000

$2,080

Other indirect taxation

$1,430

$2,000

$379,217

Total other indirect taxation

$411,169

$406,000

$434,000

$21,010,104

Total indirect taxation

$26,427,334

$18,722,000

$25,107,000

$77,656,484

Total taxation

$93,791,771

$72,186,000

$86,968,000

Other revenue

$196,567

Child support

$335,013

$199,000

$164,000

–

Interest unwind - Small Business Cashflow Scheme

$119,369

–

$149,000

$330,993

Interest unwind - student loans

$234,551

$353,000

$194,000

$56,971

Other revenue

$47,658

$49,800

$39,300

$584,531

Total other revenue

$736,591

$601,800

$546,300

$78,241,015

Total revenue excluding gains

$94,528,362

$72,787,800

$87,514,300

The accompanying accounting policies and notes form part of these financial schedules.

For a full understanding of the Crown’s financial position and the results of its operation and cash flows, refer to the consolidated ‘Financial Statements of the Government of New Zealand for the year ended 30 June 2021’.

Financial Statements of the Government of New Zealand for the Year Ended 30 June 2021 - treasury.govt.nz