Revenue Statistics 2016 - New Zealand
Tax-to-GDP ratio
Tax-to-GDP ratio over time
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in New Zealand increased by 0.3
percentage points, from 32.5% in 2014 to 32.8% in 2015. The corresponding figures for the OECD average were an
increase of 0.1 percentage point from 34.2% to 34.3% over the same period. Since the year 2000, the tax-to-GDP ratio in
New Zealand has increased from 32.5% to 32.8%. Over the same period, the OECD average in 2015 was slightly above
that in 2000 (34.3% compared with 34.0%).
New Zealand
%
40
OECD
36.0
35.3
35
34.0
32.5
33.5
33.3
33.2
34.2
33.2
33.2
33.1
33.6
31.9
33.7
33.9
33.8
33.2
32.9
30
32.4
32.6
30.3
30.3
33.0
33.4
33.8
32.0
34.2
34.3
32.5
32.8
31.3
30.4
Tax-to-GDP ratio compared to the OECD
New Zealand ranked 20th out of 35 OECD countries in terms of the tax-to-GDP ratio in 2015.* In 2015, New Zealand had
a tax-to-GDP ratio of 32.8% compared with the OECD average of 34.3%. In 2014, New Zealand was ranked 19th out of
the 35 OECD countries in terms of the tax-to-GDP ratio.
%
46.6
45.5 44.8
44.0 43.5 43.3 43.3
39.4
38.1 37.8
OECD average, 34.3%
▼
37.1 37.0 36.9 36.8 36.6 34.5 33.8 33.6 33.5
32.8 32.5 32.3 32.1 32.0 31.9
31.4
30.0 29.0
27.9 27.8
26.4
25.3
23.6
20.7
17.4
* Australia, Japan and Poland are unable to provide provisional 2015 data, therefore their latest 2014 data are presented within this country note.
In the OECD classification the term “taxes” is confined to compulsory unrequited payments to general government. Taxes are unrequited in the sense that benefits provided by
government to taxpayers are not normally in proportion to their payments.
Tax structures
Tax structure compared to the OECD average
The structure of tax receipts in New Zealand compared with the OECD average is shown in the figure below.
New Zealand
OECD unweighted average
%
39
30
26
24
20
13
13
9
6
0
Taxes on personal Taxes on corporate
income, profits and income and gains
gains
0
Social security
contributions
8
6
1
1
0
Payroll taxes
Taxes on property
Value Added
Taxes/Goods and
Services Tax
Taxes on goods
and services
(excluding
VAT/GST)
Other
Relative to the OECD average, the tax structure in New Zealand is characterised by:
Substantially higher revenues from taxes on personal income, profits and gains, and higher revenues from taxes on
»
corporate income and gains and goods and services tax.
» Equal to the OECD average from taxes on property
» A lower proportion of revenues from taxes on goods and services (excluding VAT/GST).
» No revenues from taxes on social security contributions and payroll.
Tax structure
Tax structure in New
Zealand
%
Tax Revenues in national currency
New Zealand Dollar, millions
2014
2013
D
2014
2013
D
43 161
40 764
+ 2 397
55
55
-
3rd
3rd
-
Personal income, profits and gains
30 069
27 904
+ 2 165
39
38
+1
4th
5th
+1
Corporate income and gains
10 250
10 344
- 94
13
14
-1
5th
5th
-
-
-
-
-
35th
35th
-
-
-
2014
Taxes on income, profits and capital gains
D
Position in OECD²
2013
of which
Social security contributions
-
Payroll taxes
-
-
Taxes on property
Taxes on goods and services
of which VAT
Other¹
TOTAL
-
26th
26th
-
4 804
4 516
-
+ 288
6
6
-
16th
17th
+1
29 944
28 170
+ 1 774
38
38
-
9th
9th
-
23 306
22 063
+ 1 243
30
30
-
2nd
2nd
-
2
3
- 1
-
-
-
31st
30th
-1
77 911
73 453
+ 4 458
100
100
-
-
-
-
Tax revenue includes net receipts for all levels of government; figures in the table may not sum to the total indicated due to rounding.
1. Includes income taxes not allocable to either personal or corporate income.
2. The country with the highest share being 1st and the country with the lowest share being 35th.
Source: OECD Revenue Statistics 2016 http://www.oecd.org/tax/tax-policy/revenue-statistics.htm
Contacts
David Bradbury
Michelle Harding
Michel Lahittete
Centre for Tax Policy and Administration
Head, Tax Policy and Statistics Division
[email protected]
Centre for Tax Policy and Administration
Head, Tax Data & Statistical Analysis Unit
[email protected]
Centre for Tax Policy and Administration
Statistician
[email protected]