State Budget 2016-17 - Insurance Taxes

Taxation revenue is revenue received from the State’s taxpayers and includes payroll tax, land tax, duties levied principally on conveyances and land transfers, gambling taxes, insurance duty, fire services property levy, motor vehicle taxes and other taxes including congestion levy, metropolitan improvement levy and so on.The State’s taxation revenue is forecast by a process that involves application of DTF’s economic forecasts, where there is a relationship between taxation revenue and economic variables; and use of forward indicators, unpublished revenue data and qualitative information from liaison with relevant stakeholders.This enables an assessment of economic and other factors influencing the tax bases from which taxes are sourced e.g. for payroll tax, an assessment of the outlook for employment.Where necessary, adjustment factors are used to account for other trends or events not captured by the model, such as impact of economic shocks or policy stimulus.

税收收入（Taxation revenue）是国家从纳税人处取得的收入，涵盖工资税（payroll tax）、土地税（land tax）、主要针对财产转让及土地交易征收的税费、博彩税（gambling taxes）、保险税（insurance duty）、消防物业征费（fire services property levy）、机动车税（motor vehicle taxes），以及拥堵费（congestion levy）、都市改善征费（metropolitan improvement levy）等其他税种。本州税收收入的预测流程需结合税收收入与经济变量之间的关联关系，应用DTF的经济预测结果；同时运用前瞻性指标、未公开收入数据，以及与相关利益相关方沟通获取的定性信息。此举可对影响税收课税基础的各类经济及其他因素开展评估，例如针对工资税（payroll tax），需评估就业市场前景。必要时，将通过调整因子对模型未覆盖的其他趋势或事件进行修正，例如经济冲击或政策刺激带来的影响。