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Country vs country: Australia and New Zealand compared: Economy > Tax stats

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Definitions

  • Components of taxation > Personal income tax: Personal Income tax as a percentage of total tax collected by the country. Data is for 2002.
  • GDP > Constant LCU: GDP (constant LCU). GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • GDP > Constant LCU per capita: GDP (constant LCU). GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency. Figures expressed per capita for the same year.
  • GDP > Current LCU per capita: GDP (current LCU). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency. Figures expressed per capita for the same year.
  • GDP per capita > Constant LCU: GDP per capita (constant LCU). GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.
  • GNI per capita, Atlas method > Current US$: GNI per capita, Atlas method (current US$). GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.
  • Highest marginal tax rate > Corporate rate: Highest marginal tax rate (corporate rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of corporations.
  • Highest marginal tax rate > Individual > On income exceeding > US$: Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals. This series presents the income levels for individuals above which the highest marginal tax rates levied at the national level apply.
  • Highest marginal tax rate > Individual rate: Highest marginal tax rate (individual rate) is the highest rate shown on the schedule of tax rates applied to the taxable income of individuals.
  • Tax payments > Number: Tax payments (number). Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent.
  • Tax rates: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Taxes on income, profits and capital gains > Current LCU: Taxes on income, profits and capital gains (current LCU). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income, profits and capital gains > Current LCU per capita: Taxes on income, profits and capital gains (current LCU). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation. Figures expressed per capita for the same year.
  • Taxes on international trade > Current LCU: Taxes on international trade (current LCU). Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
  • Total tax wedge > Single worker: The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a single worker without children, earning 100 % of the average wage. Data for 2001, and only for selected OECD countries.
  • Components of taxation > Property tax: Property tax as a percentage of total tax collected by the country. Data is for 2000.
  • GDP > Current US$ per capita: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • Tax payments > Number per million: Tax payments (number). Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent. Figures expressed per million population for the same year.
  • Time to prepare and pay taxes > Hours: Time to prepare and pay taxes is the time, in hours per year, it takes to prepare, file, and pay (or withhold) three major types of taxes: the corporate income tax, the value added or sales tax, and labor taxes, including payroll taxes and social security contributions."
  • GDP > Current LCU: GDP (current LCU). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • Tax Freedom Day > Date of year: Date when the Tax Freedom Day was achieved by countries in the year mentioned. Tax Freedom Day is the first day of the year in which a nation as a whole has theoretically earned enough income to fund its annual tax burden
  • GDP per capita > Current LCU: GDP per capita (current LCU). GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.
  • GNI > Constant 2000 US$ per capita: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars. Figures expressed per capita for the same year.
  • Tax revenue > Current LCU: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue."
  • Taxes on international trade > Current LCU per capita: Taxes on international trade (current LCU). Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes. Figures expressed per capita for the same year.
  • Components of taxation > Corporate income tax: Corporate Income tax as a percentage of total tax collected by the country. Data is for 2002.
  • Taxes on income > Profits and capital gains > Current LCU: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • GDP > Current US$: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • Tax payments > Number > Per capita: Tax payments by businesses are the total number of taxes paid by businesses, including electronic filing. The tax is counted as paid once a year even if payments are more frequent." Per capita figures expressed per 1 million population.
  • Components of taxation > Goods and service tax: Goods and service tax as a percentage of total tax collected by the country. Data is for 2002.
  • Components of taxation > Social security > Employees contribution: Tax on employee's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.
  • Net taxes on products > Current US$ per capita: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Net taxes on products > Current US$: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars.
  • Net taxes on products > Current US$ > Per capita: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Per capita figures expressed per 1,000 population.
  • Total tax wedge > Single-income family: The percentage of gross earnings given up in tax, including any social security contributions. Calculated for a married couple with two children, earning 100% of the average wage. Data for 2001. Selected OECD countries only.
  • Components of taxation > Social security > Contribution by employer: Tax on employer's contribution of social security as a percentage of total tax collected by the country. Data is for 2002.
  • Tax revenue > % of GDP: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue."
  • Total tax rate > % of profit: Total tax rate is the total amount of taxes payable by businesses (except for labor taxes) after accounting for deductions and exemptions as a percentage of profit.
  • Other taxes > Current LCU: Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes."
  • Taxes on goods and services > % of revenue: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • Taxes on goods and services > Current LCU: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • Taxes on income > Profits and capital gains > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Total tax rate > % of commercial profits: Total tax rate (% of commercial profits). Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.
  • Profit tax > % of commercial profits: Profit tax (% of commercial profits). Profit tax is the amount of taxes on profits paid by the business.
  • Other taxes payable by businesses > % of commercial profits: Other taxes payable by businesses (% of commercial profits). Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.
  • Net taxes on products > Current LCU: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current local currency.
  • GNI > Constant 2000 US$, % of GDP: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars. Figures expressed as a proportion of GDP for the same year
  • Taxes on income > Profits and capital gains > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Net taxes on products > Current US$ > Per $ GDP: Net taxes on products (net indirect taxes) are the sum of product taxes less subsidies. Product taxes are those taxes payable by producers that relate to the production, sale, purchase or use of the goods and services. Subsidies are grants on the current account made by general government to private enterprises and unincorporated public enterprises. The grants may take the form of payments to ensure a guaranteed price or to enable maintenance of prices of goods and services below costs of production, and other forms of assistance to producers. Data are in current U.S. dollars. Per $ GDP figures expressed per 1 billion $ gross domestic product.
  • Labor tax and contributions > % of commercial profits: Labor tax and contributions (% of commercial profits). Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.
  • Components of taxation > Payroll and workforce taxes: Payroll and workforce taxes as a percentage of total tax collected by the country. Data is for 2000.
  • Taxes on income > Profits and capital gains including income tax > % of revenue: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • Taxes on goods and services including sales tax > % value added of industry and services: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies."
  • GDP growth > Annual %: GDP growth (annual %). Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2005 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • Other taxes > % of revenue: Other taxes (% of revenue). Other taxes include employer payroll or labor taxes, taxes on property, and taxes not allocable to other categories, such as penalties for late payment or nonpayment of taxes.
  • Revenue, excluding grants > % of GDP: Revenue, excluding grants (% of GDP). Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here.
  • Taxes on goods and services > % value added of industry and services: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.
  • Taxes on income > Profits and capital gains including income tax > % of total taxes: Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation."
  • GDP > Current US$, % of GDP: GDP (current US$). GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed as a proportion of GDP for the same year
  • Taxes on income, profits and capital gains > % of total taxes: Taxes on income, profits and capital gains (% of total taxes). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • Taxes on income, profits and capital gains > % of revenue: Taxes on income, profits and capital gains (% of revenue). Taxes on income, profits, and capital gains are levied on the actual or presumptive net income of individuals, on the profits of corporations and enterprises, and on capital gains, whether realized or not, on land, securities, and other assets. Intragovernmental payments are eliminated in consolidation.
  • GNI > Constant 2000 US$: GNI (constant 2000 US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2005 U.S. dollars.
  • Revenue > Excluding grants > Current LCU: Revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here."
  • Grants and other revenue > Current LCU: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Customs and other import duties > % of tax revenue: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
  • Grants and other revenue > % of revenue: Grants and other revenue include grants from other foreign governments, international organisations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government owner\xADship of property); and voluntary, unrequited, nonrepayable receipts other than grants."
  • Customs and other import duties > Current LCU: Customs and other import duties are all levies collected on goods that are entering the country or services delivered by nonresidents to residents. They include levies imposed for revenue or protection purposes and determined on a specific or ad valorem basis as long as they are restricted to imported goods or services.
  • Taxes on international trade > % of revenue: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes."
STAT Australia New Zealand HISTORY
Components of taxation > Personal income tax 38.5%
Ranked 4th.
42.3%
Ranked 2nd. 10% more than Australia
GDP > Constant LCU 1.45 trillion
Ranked 59th. 8 times more than New Zealand
174.81 billion
Ranked 107th.

GDP > Constant LCU per capita 63,992.84
Ranked 74th. 62% more than New Zealand
39,433.33
Ranked 85th.

GDP > Current LCU per capita 65,008.55
Ranked 89th. 40% more than New Zealand
46,586.59
Ranked 101st.

GDP per capita > Constant LCU 63,992.84
Ranked 74th. 62% more than New Zealand
39,433.33
Ranked 85th.

GNI per capita, Atlas method > Current US$ $59,360.00
Ranked 6th. 94% more than New Zealand
$30,640.00
Ranked 28th.

Highest marginal tax rate > Corporate rate 30%
Ranked 38th. The same as New Zealand
30%
Ranked 33th.

Highest marginal tax rate > Individual > On income exceeding > US$ $133,560.00
Ranked 8th. 3 times more than New Zealand
$40,498.00
Ranked 41st.

Highest marginal tax rate > Individual rate 45%
Ranked 13th. 18% more than New Zealand
38%
Ranked 27th.

Tax payments > Number 11
Ranked 142nd. 38% more than New Zealand
8
Ranked 159th.

Tax rates 26.43
Ranked 49th.
37.11
Ranked 26th. 40% more than Australia

Taxes on income, profits and capital gains > Current LCU 204.92 billion
Ranked 30th. 6 times more than New Zealand
33.03 billion
Ranked 60th.

Taxes on income, profits and capital gains > Current LCU per capita 9,179.53
Ranked 35th. 22% more than New Zealand
7,498.57
Ranked 38th.

Taxes on international trade > Current LCU 5.84 billion
Ranked 45th. 3 times more than New Zealand
2 billion
Ranked 55th.

Total tax wedge > Single worker 23.1%
Ranked 27th. 18% more than New Zealand
19.6%
Ranked 28th.
Components of taxation > Property tax 8.9%
Ranked 5th. 65% more than New Zealand
5.4%
Ranked 9th.
GDP > Current US$ per capita $67,555.76
Ranked 6th. 79% more than New Zealand
$37,749.44
Ranked 23th.

Tax payments > Number per million 0.485
Ranked 150th.
1.8
Ranked 112th. 4 times more than Australia

Time to prepare and pay taxes > Hours 107
Ranked 152nd.
192
Ranked 111th. 79% more than Australia

GDP > Current LCU 1.47 trillion
Ranked 78th. 7 times more than New Zealand
206.52 billion
Ranked 116th.

Tax Freedom Day > Date of year 4/22/2011 5/21/2011
GDP per capita > Current LCU 65,008.55
Ranked 89th. 40% more than New Zealand
46,586.59
Ranked 101st.

GNI > Constant 2000 US$ per capita $36,031.53
Ranked 16th. 39% more than New Zealand
$25,879.33
Ranked 24th.

Tax revenue > Current LCU 285.67 billion
Ranked 36th. 5 times more than New Zealand
56.21 billion
Ranked 57th.

Taxes on international trade > Current LCU per capita 261.56
Ranked 54th.
452.92
Ranked 47th. 73% more than Australia

Components of taxation > Corporate income tax u16.8%
Ranked 3rd. 39% more than New Zealand
u12.1%
Ranked 7th.
Taxes on income > Profits and capital gains > Current LCU 208.58 billion
Ranked 22nd. 6 times more than New Zealand
37.32 billion
Ranked 53th.

GDP > Current US$ $1.53 trillion
Ranked 13th. 9 times more than New Zealand
$167.35 billion
Ranked 52nd.

Tax payments > Number > Per capita 0.571 per 1 million people
Ranked 139th.
1.92 per 1 million people
Ranked 110th. 3 times more than Australia

Components of taxation > Goods and service tax 30.3%
Ranked 16th.
35.2%
Ranked 10th. 16% more than Australia
Components of taxation > Social security > Employees contribution 0.0
Ranked 30th.
0.0
Ranked 29th.
Net taxes on products > Current US$ per capita 2,870.96$
Ranked 15th. 3 times more than New Zealand
946.92$
Ranked 31st.

Net taxes on products > Current US$ 57.78 billion$
Ranked 13th. 16 times more than New Zealand
3.67 billion$
Ranked 47th.

Net taxes on products > Current US$ > Per capita 2.88 million$ per 1,000 people
Ranked 15th. 3 times more than New Zealand
946,924.88$ per 1,000 people
Ranked 31st.

Total tax wedge > Single-income family 13.1%
Ranked 26th.
16.8%
Ranked 24th. 28% more than Australia
Components of taxation > Social security > Contribution by employer 0.0
Ranked 27th.
0.0
Ranked 26th.
Tax revenue > % of GDP 24.17%
Ranked 15th.
31.67%
Ranked 5th. 31% more than Australia

Total tax rate > % of profit 47.9%
Ranked 56th. 46% more than New Zealand
32.8%
Ranked 127th.

Other taxes > Current LCU 396 million
Ranked 55th. 198 times more than New Zealand
2 million
Ranked 90th.

Taxes on goods and services > % of revenue 22.57%
Ranked 71st.
25.89%
Ranked 72nd. 15% more than Australia

Taxes on goods and services > Current LCU 70.62 billion
Ranked 43th. 4 times more than New Zealand
17.05 billion
Ranked 68th.

Taxes on income > Profits and capital gains > % of revenue 65.27%
Ranked 1st. 19% more than New Zealand
54.93%
Ranked 3rd.

Total tax rate > % of commercial profits 47%
Ranked 55th. 36% more than New Zealand
34.6%
Ranked 118th.

Profit tax > % of commercial profits 26.2%
Ranked 22nd.
29.9%
Ranked 11th. 14% more than Australia

Other taxes payable by businesses > % of commercial profits 0.6%
Ranked 156th.
1.7%
Ranked 122nd. 3 times more than Australia

Net taxes on products > Current LCU 78576000000 8741000000
GNI > Constant 2000 US$, % of GDP 53.75%
Ranked 82nd.
71.73%
Ranked 52nd. 33% more than Australia

Taxes on income > Profits and capital gains > % of total taxes 71.13%
Ranked 3rd. 9% more than New Zealand
65.55%
Ranked 4th.

Net taxes on products > Current US$ > Per $ GDP 88.14$ per $1 billion of GDP
Ranked 92nd. 26% more than New Zealand
70$ per $1 billion of GDP
Ranked 115th.

Labor tax and contributions > % of commercial profits 20.2%
Ranked 59th. 7 times more than New Zealand
3.1%
Ranked 172nd.

Components of taxation > Payroll and workforce taxes 6.2%
Ranked 1st. 7 times more than New Zealand
0.9%
Ranked 6th.
Taxes on income > Profits and capital gains including income tax > % of revenue 66.67%
Ranked 1st. 18% more than New Zealand
56.67%
Ranked 4th.

Taxes on goods and services including sales tax > % value added of industry and services 6.97%
Ranked 60th.
11.96%
Ranked 32nd. 72% more than Australia

GDP growth > Annual % 3.41%
Ranked 88th. 15% more than New Zealand
2.97%
Ranked 97th.

Other taxes > % of revenue 0.161%
Ranked 85th.
0.595%
Ranked 70th. 4 times more than Australia

Revenue, excluding grants > % of GDP 22.88%
Ranked 62nd.
34.93%
Ranked 27th. 53% more than Australia

Taxes on goods and services > % value added of industry and services 7.36%
Ranked 65th.
11.75%
Ranked 32nd. 60% more than Australia
Taxes on income > Profits and capital gains including income tax > % of total taxes 73.01%
Ranked 4th. 10% more than New Zealand
66.4%
Ranked 7th.

GDP > Current US$, % of GDP 100.78%
Ranked 30th. 1% more than New Zealand
100%
Ranked 83th.

Taxes on income, profits and capital gains > % of total taxes 71.14%
Ranked 3rd. 20% more than New Zealand
59.25%
Ranked 7th.

Taxes on income, profits and capital gains > % of revenue 63.65%
Ranked 1st. 39% more than New Zealand
45.78%
Ranked 8th.

GNI > Constant 2000 US$ $817.32 billion
Ranked 16th. 7 times more than New Zealand
$114.00 billion
Ranked 47th.

Revenue > Excluding grants > Current LCU 312.36 billion
Ranked 38th. 5 times more than New Zealand
65.86 billion
Ranked 64th.

Grants and other revenue > Current LCU 27.18 billion
Ranked 43th. 3 times more than New Zealand
9.55 billion
Ranked 63th.

Customs and other import duties > % of tax revenue 2.12%
Ranked 48th.
3.27%
Ranked 53th. 54% more than Australia

Grants and other revenue > % of revenue 8.69%
Ranked 65th.
14.5%
Ranked 43th. 67% more than Australia

Customs and other import duties > Current LCU 6.07 billion
Ranked 31st. 3 times more than New Zealand
1.84 billion
Ranked 50th.

Taxes on international trade > % of revenue 1.94%
Ranked 48th.
2.79%
Ranked 54th. 44% more than Australia

SOURCES: OECD Revenue Statistics; World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; KPMG's Corporate and Indirect Tax Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).; KPMG's Individual Income Tax and Social Security Rate Survey 2009 (www.kpmg.com), and PricewaterhouseCoopers's Worldwide Tax Summaries Online (www.pwc.com).; World Bank, Doing Business project (http://www.doingbusiness.org/).; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators.; International Monetary Fund, Government Finance Statistics Yearbook and data files. World Bank World Development Indicators. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; OECD; World Bank, Doing Business project (http://www.doingbusiness.org/). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; Various sources compiled into Wikipedia's Tax Freedom Day; International Monetary Fund, Government Finance Statistics Yearbook and data files.; World Development Indicators database. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Development Indicators database; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD value added estimates.; International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. World Bank World Development Indicators.; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.

Citation

"Economy > Tax: Australia and New Zealand compared", NationMaster. Retrieved from http://www.nationmaster.com/country-info/compare/Australia/New-Zealand/Economy/Tax