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About
Us : IRD Collections
The Department's
revenue collection for 2007-08 was $200.7 billion, an increase
of some $45.6 billion or 29.4% over the previous year. Of
the total revenue collected, Profits Tax and Stamp Duty together
contributed 71.3%. The revenue collected by tax type for the
latest three years is shown below: |
| Type of tax |
2005-06
($m) |
2006-07
($m) |
2007-08
($m) |
| Profit Tax - Corporation |
65,586.1 |
65,499.6 |
86,775.6 |
| Profit Tax - Unincorporated
Businesses |
4,210.4 |
6,419.4 |
4,647.1 |
| Total Profits Tax |
69,796.5 |
71,919.0 |
91,422.7 |
| Salaries Tax |
37,493.9 |
38,585.6 |
37,479.5 |
| Property Tax |
1,267.1 |
1,247.4 |
1,240.6 |
| Personal Assessment |
3,193.9 |
3,565.6 |
3,586.6 |
| Total Earnings and Profits
Tax |
111,751.4 |
115,317.6 |
133,729.4 |
| Estate Duty |
1,675.7 |
777.7 |
353.4 |
| Stamp Duty |
17,867.2 |
25,076.6 |
51,549.1 |
| Betting Duty |
11,938.1 |
12,047.4 |
13,048.4 |
| Business Registration Fees |
1,478.8 |
1,497.9 |
1,565.8 |
| Hotel Accommodation Tax |
310.0 |
384.2 |
450.4 |
| Total revenue collected |
145,021.2 |
155,101.4 |
200,696.5 |
| % change over previous year |
+13.6% |
+7.0% |
+29.4% |
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