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12 GST and other taxes

OVERVIEW

For the 2011-12 financial year:

  • total net goods and services tax (GST) liabilities (including Customs collections) were $46.8 billion, an increase of 1.7% from 2010–11
  • wine equalisation tax (WET) liabilities (including Customs collections) were $729 million, a decrease of 1.5% from 2010–11
  • luxury car tax (LCT) liabilities (including Customs collections) were $441 million, a decrease of 7.9% from 2010–11.

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