Australia | 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. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source
Australia | Taxes on goods and services (% of revenue)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 21.89941675
1973 22.12361985
1974 21.68448543
1975 19.06154629
1976 20.66638325
1977 19.39980989
1978 19.41106017
1979 22.25170584
1980 23.3736911
1981 23.03442532
1982 22.03640881
1983 23.64841298
1984 25.30225725
1985 24.53676284
1986 23.96558479
1987 22.73048841
1988 22.76012169
1989 21.78778926
1990 21.42076945
1991 21.23162313
1992 20.27928369
1993 20.1495438
1994 21.38702116
1995 21.57676349
1996 21.48978352
1997 20.51806002
1998 20.24275536
1999 19.29250568
2000 17.90589154
2001 24.27576129
2002 25.43344668
2003 25.82070914
2004 25.3209955
2005 24.17979737
2006 23.62786903
2007 23.18546496
2008 22.56326021
2009 22.65944108
2010 24.35742524
2011 23.97310548
2012 22.18072214
2013 23.02320827
2014 23.48768857
2015 21.32371574
2016 21.65815233
2017 21.11279567
2018 20.46920674
2019 19.46176012
2020 19.33147239
2021 20.03660977
2022 17.78524245

Australia | 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. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Commonwealth of Australia
Records
63
Source