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where there is a relationship between taxation revenue and economic variables; and use of forward indicators, unpublished revenue data and qualitative information from liaison with relevant stakeholders.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.

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where there is a relationship between taxation revenue and economic variables; and use of forward indicators, unpublished revenue data and qualitative information from liaison with relevant stakeholders.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.

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.

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.

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 lev

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.

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.

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.

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.

Taxation revenue is revenue received from the State’s taxpayers. State taxation revenue includes: payroll tax; land tax; duties levied principally on conveyances and land transfers; gambling taxes levied mainly on private lotteries, electronic gaming machines, casino operations and racing; insurance duty relating to compulsory third party, life and non-life policies, and insurance - - company contributions to fire brigades; fire services property levy; motor vehicle taxes, including registration fees and duty on registrations and transfers; and other taxes. This includes the congestion levy, other property duties, growth areas infrastructure contribution, levies on statutory corporations, liquor license fees, landfill levy, metropolitan improvement rate, metropolitan planning levy, financial accommodation levy, the Commercial Passenger Vehicle Service Levy and transport fees including, fees paid by Transurban in respect of Melbourne Citylink and allowance for prepaid port licence fees. Taxation revenues are affected by movement in economic variables. The figure below shows some of the high-level economic variables that affect our tax forecasts. 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 forecasting models, such as impact of economic shocks or policy stimulus. The spreadsheets below contain the nine taxation data series: total taxation revenue; payroll tax; land tax; land transfer duty; gambling taxes; insurance taxes; fire services property levy; motor vehicle taxes; and other taxes.