Non-Tax Revenue

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Non-Tax Revenue

Money that a government takes in by means other than taxation. Examples of non-tax revenue include bond issues and profits from state-owned companies. Some government agencies earn non-tax revenue through user fees. For example, a bank regulator may charge the banks that it regulates some percentage of their assets for the privilege of being regulated. Some of these revenues are mandated, while others are offered as an incentive. For example, these banks may be incentivized to pay the fees in exchange for eligibility for deposit insurance.
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References in periodicals archive ?
Nontax revenues, he said, will amount to P201 billion.
The national government's tax and nontax revenues will breach the P4-trillion mark by 2022, thanks to a boost from the additional revenues to be generated from the Duterte administration's comprehensive tax reform program.
Meanwhile, the overall collection of nontax revenues remained subdued during Jul-Mar FY19 compared to last year despite higher collection in most of the categories.
The city may also use any available funds (state disbursements, interest earnings, all nontax revenues) for debt service.
INDIA'S fiscal deficit at the end of February worked out to Rs 6.05 lakh crore, 113.4 per cent of the full year target for the 2016- 17 fiscal, mainly because of lower realisation on nontax revenues.
Under this scenario, the IIF projected tax receipts to increase by 6.1 percent in 2016 to the equivalent of 12.8 percent of GDP, and for nontax revenues to grow by 5.2 percent to 4.6 percent of GDP this year.
(2) Revenue losses (5.6 trillion won) + nontax revenues from the Bank of Korea surplus (0.7 trillion won)
MTF's estimate includes $288 million in revenue exposure, meaning lower-than-expected tax and nontax revenues, as well as a $70 million hit from a reduction in the income tax rate, due to ease from 5.2 to 5.15 percent on Jan.
Nontax revenues were 4.3% over the budgeted amount, reflecting the onetime receipt of $1.5 billion from Saudi Arabia for project development and $1.1 billion from the auction of the 3G/4G mobile telecommunications spectrum in the last quarter, as well as a large profit remittance from the State Bank of Pakistan (the central bank).
According to OECD estimates, total government revenues from all tax and nontax revenues at all levels of government peaked at about 45 per cent of GDP in the late 1990s, slightly above the OECD median.
"The loss of nontax revenues related to the closure of the Manas Transit Center in 2014 will create headwinds for the fiscal consolidation that is needed to reduce vulnerabilities, rebuild policy buffers, and ensure macroeconomic stability and debt sustainability," Mr.