Tuesday, 03 April 2018 08:56

Lower Company Tax Rate Changes

For the 2017/2018 financial year, small business company base tax rate has reduced to 27.5%. In order to access this lower company tax rate, you will need to be a base rate entity.

 

A base rate entity is a company that:

 

  • has a turnover less than the turnover threshold of $25 million.

 

  • operates a genuine business.
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