Receipts

$717B reached the Commonwealth in 2024-25, from every source.

That is 25.8% of the whole economy, and +4.1% on 2023-24. Cash receipts, as reported in the Budget.

92%came from taxes. The rest is interest, dividends and other non-tax receipts
47%came from the largest single source: individuals income tax
$759.8Bis the Budget estimate for 2025-26

Where it came from in 2024-25

Every head of revenue in the Budget. Together they add up to total receipts.

  1. Individuals income tax Income taxWithheld from wages and salaries $295.8B · Other individuals and trusts $81.7B · Less refunds $39.2B$338.3B (47.2%)
  2. Company tax Income tax$138.8B (19.4%)
  3. GST Indirect tax$90.3B (12.6%)
  4. Dividends and other non-tax receipts Non-tax$48.6B (6.8%)
  5. Excise duty Indirect taxFuel $26.2B · Alcohol, tobacco and other $5.1B$31.3B (4.4%)
  6. Superannuation fund taxes Income tax$25.7B (3.6%)
  7. Customs duty Indirect tax$11.9B (1.7%)
  8. Other taxes Indirect tax$10.6B (1.5%)
  9. Interest Non-tax$10.5B (1.5%)
  10. Fringe benefits tax Income tax$4.9B (0.7%)
  11. Major bank levy Indirect tax$1.8B (0.2%)
  12. Resource rent taxes Income tax$1.4B (0.2%)
  13. Wine equalisation tax Indirect tax$1.1B (0.2%)
  14. Luxury car tax Indirect tax$1.1B (0.2%)
  15. Agricultural levies Indirect tax$664M (0.1%)

Over time

Year by year

Final figures, then the Budget’s own estimates. Change is 2024-25 on the year before.

Source2022-232023-242024-252025-26 (est)2026-27 (est)Change
Individuals income tax$296.7B$331.5B$338.3B$364.2B$382.4B+2.1%
Company tax$151.1B$141.2B$138.8B$148.5B$154B−1.7%
GST$81.5B$85B$90.3B$96.3B$103.2B+6.2%
Dividends and other non-tax receipts$41.2B$44.7B$48.6B$50.9B$51.4B+8.7%
Excise duty$26B$29.8B$31.3B$28.2B$33.3B+5.2%
Superannuation fund taxes$10.4B$12.5B$25.7B$33.1B$31.6B+106.2%
Customs duty$17B$13.8B$11.9B$6.8B$7.3B−13.5%
Other taxes$7.9B$9.3B$10.6B$10.9B$12.8B+13.3%
Interest$7B$10.5B$10.5B$9.3B$9.6B+0.3%
Fringe benefits tax$4B$4.6B$4.9B$5.3B$5.6B+6.4%
Major bank levy$1.5B$1.6B$1.8B$1.9B$2B+8.9%
Resource rent taxes$2.3B$1.1B$1.4B$1.4B$1.9B+24.1%
Wine equalisation tax$1.1B$1.1B$1.1B$1.1B$1.2B+3.9%
Luxury car tax$1.1B$1.3B$1.1B$1.2B$1.1B−13.2%
Agricultural levies$666M$637M$664M$673M$671M+4.2%
Total receipts$649.5B$688.6B$717B$759.8B$798.1B+4.1%

All levels of government

Taxes only, 2024-25. The ABS counts GST as a Commonwealth tax even though it is passed on to the states.

  1. Commonwealth$675.2B (80% of all tax)
  2. State and local$165B (20% of all tax)
  1. Payroll tax state and local$41.7B
  2. Stamp duty on property transfers state and local$34.4B
  3. Council rates state and local$25.1B
  4. Land tax state and local$20B
  5. Motor vehicle taxes state and local$15.5B
  6. Gambling taxes state and local$10B
  7. Insurance taxes state and local$9.8B

ABS, Taxation Revenue, Australia, 2024-25