Company Tax Rates

Company Tax Rates

Small business and Company Tax Rates

The small business company tax rates have been reduced from 30% to 28.5% for income years commencing on, or after, 1 July 2015. This lower rate also applies to small businesses that are corporate unit trusts and public trading trusts.

The corporate tax rate will remain at 30% for all other companies that are not small business entities.

Progressive changes to the company tax rate:


Income year Aggregated turnover threshold Tax rate for base rate entities under the threshold Tax rate for all other companies
2015-16 $2m 28.5% 30.0%
2016-17 $10m 27.5% 30.0%
2017-18 $25m 27.5% 30.0%
2018–19 to 2019–20 $50m 27.5% 30.0%
2020–21 $50m 26.0% 30.0%
2021–22 and future years $50m 25.0% 30.0%

Speak to Taxopia business tax accountants today about your company tax rates and returns and business accounting needs. Call 1300 829 674 now!

 

For further reading on company tax rates: https://www.ato.gov.au/rates/changes-to-company-tax-rates/



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* Sole Trader Package pricing conditions, please take note the pricing excludes the following items; however, these services can be provided for an additional cost.

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* Standard Package pricing conditions, please take note the standard pricing excludes the following items; however, these services can be provided for an additional cost.

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* Premium Package pricing conditions, please take note the premium pricing excludes the following items; however, these services can be provided for an additional cost.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

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* Standard Package pricing conditions, please take note the standard pricing excludes the following items; however, these services can be provided for an additional cost.

If any of these exclusions apply to your businesses, please contact us, and we would be happy to provide you with a customised quote for any additional work.

Get started now!

* CONDITIONS to our Basic Tax Reporting Package for Company or Trust Tax Return ($400+ GST), excludes the following items:

If you do not qualify for this option, you will need to consider our Standard Tax Reporting Company or Trust Tax Return ($800+ GST) option.

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