19 Mar 088 Latest taxation statistics releasedIn a media release issued on 18 March 2008, the Commissioner, Michael D’Ascenzo, announced the release of Taxation statistics 2005-06, the ATO’s most comprehensive statistical publication.
For the 2005-06 income year, 11.5 million individuals lodged income tax returns. Individuals claimed $27 billion in total deductions, including $13.1 billion in work-related expenses - a growth of 9.5% on the previous year. For the 2005-06 income year, most individuals continued to lodge their tax returns through a tax agent (72.8%). However, there was a 17.2% growth in the number of people lodging through e-tax, the ATO’s electronic lodgment program.
Total company income increased by 10% to more than $1,802 billion in 2005-06. Large companies represent less than 0.4% of total companies but accounted for 64.5% of total company net tax.
Other statistics are:
- 13.5 million returns were lodged, 2.5% more than for 2004-05
- individual returns represented 85.2% of all returns lodged
- trusts experienced the largest growth in the number of returns lodged, with 6.8% more than for 2004-05
- 4.4% fewer partnerships lodged returns than in 2004-05,
For a copy of the ATO media release, No 2008/11, go here
For a copy of Taxation statistics 2005-06, go here