Schedule of Non-departmental Revenue

Direct and indirect taxation amounts for the year ended 30 June 2024.

Actual 2023 ($000)

Taxation type

Note 2

Actual 2024 ($000)

Unaudited budget 2024 ($000)

Unaudited forecast 2025 ($000)

Direct taxation

Income tax — Individuals

$46,097,993

Source deductions (PAYE)

n/a

$50,881,388

$48,981,000

$52,086,000

$9,903,909

Other persons

n/a

$9,866,290

$11,380,000

$10,541,000

$(2,182,023)

Refunds

n/a

$(2,655,493)

$(1,884,000)

(2,766,000)

$768,768

Fringe benefit tax

n/a

$837,873

$739,000

$837,000

$54,588,647

Total individuals

n/a

$58,930,058

$59,216,000

$60,698,000

Income tax — Corporate tax

$18,958,948

Gross companies tax

n/a

$18,737,597

$23,028,000

$19,513,000

$(970,486)

Refunds

n/a

$(738,180)

$(633,000)

$(718,000)

$621,378

Non-resident withholding tax

n/a

$707,257

$636,000

$695,000

$18,609,840

Total corporate tax

n/a

$18,706,674

$23,031,000

$19,490,000

Other direct income tax

$2,092,066

Resident withholding tax on interest income

n/a

$3,472,738

$1,839,000

$3,198,000

$1,127,363

Resident withholding tax on dividend income

n/a

$2,521,013

$1,180,000

$1,000,000

$1,691,192

Employer superannuation contribution tax

n/a

$1,982,113

$2,024,000

$2,033,000

$4,910,621

Total other direct income tax

n/a

$7,975,864

$5,043,000

$6,231,000

$78,109,108

Total direct taxation

n/a

$85,612,596

$87,290,000

$86,419,000

Indirect taxation

Goods and services tax

$44,934,862

Gross goods and services tax

n/a

$47,414,703

$47,363,000

$48,389,000

$(19,054,797)

Refunds

n/a

$(18,167,981)

$(19,181,000)

$(18,939,000)

$25,880,065

Total goods and services tax

n/a

$29,246,722

$28,182,000

$29,450,000

Other indirect taxation

$153,256

Approved issuer levy

n/a

$198,303

$125,000

$166,000

$342,096

Gaming duties

n/a

$349,953

$341,000

$390,000

$(31)

Other indirect taxation

n/a

$26

$1,000

$2,000

$495,321

Total other indirect taxation

n/a

$548,282

$467,000

$558,000

$26,375,386

Total indirect taxation

n/a

$29,795,004

$28,649,000

$30,008,000

$104,484,494

Total taxation

n/a

$115,407,600

$115,939,000

$116,427,000

Other revenue

$139,829

Child support

n/a

$24,550

$13,000

$16,000

$110,192

Interest unwind–Small Business Cashflow Scheme

n/a

$94,613

$115,000

$35,000

$577,032

Interest unwind–student loans

n/a

$661,558

$621,000

$603,000

$230,872

Other revenue

n/a

$221,694

$106,000

$158,000

$1,057,925

Total other revenue

n/a

$1,002,415

$855,000

$812,000

$105,542,419

Total revenue excluding gains

n/a

$116,410,015

$116,794,000

$117,239,000

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 operations for the year, refer to the consolidated Financial Statements of the Government of New Zealand for the Year Ended 30 Jjavascript:void(0);une 2024.