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Revenue collection

As Australia’s principal revenue agency, the ATO facilitates the collection of revenue to fund public goods and services for the community. We do this through a range of collection systems, including income tax, goods and services tax (GST) and excise duty.

Net tax collections in 2020–21 were $451.4 billion, up $46.6 billion (11.5%) over the previous year, and $49.9 billion (12.4%) above the amount expected at the time of the budget 2020–21.

Company tax collections increased by $14.7 billion (17.5%) in 2020–21. The outcome was $14.2 billion above the budget forecast, reflecting a stronger-than-expected recovery in economic conditions and strong commodity prices.

Total individuals tax collections increased by $11.0 billion (5.0%) in 2020–21. The outcome was $15.6 billion above the budget forecast, reflecting a stronger-than-expected recovery in economic conditions.

Superannuation income tax collections increased by $6.7 billion (106.7%) in 2020–21. The outcome was $4.7 billion above the budget forecast, reflecting a stronger-than-expected recovery in economic conditions as well as higher-than-expected foreign exchange gains and capital gains.

GST collections increased by $12.8 billion (21.2%) in 2020–21. The outcome was $13.1 billion above the budget forecast, reflecting a stronger-than-expected recovery in economic conditions.

Excise collections increased by $1.1 billion (4.8%) in 2020–21. The outcome was $1.6 billion above the budget forecast, reflecting a stronger-than-expected recovery in economic conditions.

ATO net tax cash collections, 2018–19 to 2020–21(a)

Tax

2018–19
$m

2019–20
$m

2020–21
$m

Gross PAYG withholding(b)

204,764

214,426

220,457

Gross other individuals

48,423

43,713

48,769

Individual refunds

–29,514

–36,219

–36,265

Total individuals

223,673

221,920

232,961

Companies

93,590

83,971

98,636

Superannuation funds(c)

11,269

6,267

12,956

Resource rent taxes(d)

1,053

1,052

786

Fringe benefits tax(e)

3,794

3,850

3,569

Total income tax

333,379

317,060

348,908

Excise

23,300

23,352

24,462

Goods and services tax (GST)(f)

65,270

60,296

73,094

Other indirect taxes(g)

1,657

1,529

2,033

Total indirect taxes

90,227

85,178

99,589

Major bank levy

1,560

1,612

1,619

Superannuation guarantee charge

577

674

1,040

Foreign investment fees

94

94

88

Self-managed superannuation fund levy

144

127

134

Total net tax collections

425,980

404,745

451,379

Other revenue(h)

–59

–386

1,418

Total collections

425,921

404,358

452,797

HELP/SFSS(i)

2,915

3,416

3,754

Notes

(a) The cash collections data presented in this table has been adjusted to exclude administered expenses and better align with the financial statements and the Final budget Outcome. Totals may differ from the sum of components due to rounding.

(b) Includes amounts withheld from salaries and wages, TFN and ABN withholdings, dividend, interest, royalty, and mining withholding taxes.

(c) Includes income tax for superannuation funds and superannuation surcharge, and no TFN contributions tax.

(d) For 2018–19 and 2019–20, resource rent taxes include both petroleum resource rent tax and minerals resource rent tax.

(e) Includes Australian Government departments and authorities.

(f) Includes GST collections by the Department of Home Affairs; in 2020–21, these were $4.8 billion. Also includes GST non-general interest charge penalties, which are not distributed to the state and territory governments under the intergovernmental agreement.

(g) Includes wine equalisation tax (WET) and luxury car tax (LCT), of which a small amount was collected by the Department of Home Affairs.

(h) The majority of ‘other revenue’ is net unclaimed superannuation monies.

(i) Higher Education Loan Program (HELP) and Student Financial Supplement Scheme (SFSS) collections.

Expected revenue – variation between budget forecast and actual net collections in 2020–21(a)

Collected from

Collections
$m

Budget
$m

Variance
$m

Total individuals

232,961

217,400

15,561

Companies

98,636

84,459

14,177

GST

73,094

59,970

13,124

Superannuation funds

12,956

8,210

4,746

Other

33,730

31,487

2,243

TOTAL

451,379

401,526

49,852

Note

(a) Totals may differ from the sum of components due to rounding.

In 2020–21, we issued income tax refunds with a total value of $51.5 billion. We also issued activity statement refunds with a total value of $77.2 billion. Total refunds were $128.7 billion, down 2.7% from 2019–20.

Amount refunded, 2018–19 to 2020–21(a)

Type of refund

2018–19

$m

2019–20

$m

2020–21

$m

Income tax

- Income tax – Total individuals(b)

29,514

36,219

36,265

- Income tax – Companies

9,609

12,517

11,131

- Income tax – Superannuation funds(c)

3,296

6,130

3,265

- Income tax – Resource rent taxes(d)

167

32

45

- Income tax – Fringe benefits tax(e)

546

436

818

Total income tax

43,131

55,334

51,524

Excise

27

48

45

Activity statements(f)

64,006

76,898

77,159

TOTAL

107,164

132,280

128,728

Notes

(a) Refunds data presented in this table has been adjusted to exclude all administered expenses and better align with our financial statements and the Final budget Outcome. Totals may differ from the sum of components due to rounding.

(b) Excludes administered payments, such as private health insurance rebate.

(c) Includes superannuation surcharge refunds.

(d) For 2018–19 and 2019–20, resource rent taxes include both petroleum resource rent tax and minerals resource rent tax.

(e) Includes Australian Government departments and authorities.

(f) Excludes fuel tax credit business activity statement (BAS) refunds.