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  • Changes to small business tax concessions

    The small business entity turnover threshold is $10 million per annum, which means more business owners have access to a range of small business tax concessions including:

    For unincorporated small businesses with turnover less than $5 million, the rate of the tax discount (also known as the small business income tax offset) is increasing to 16% by 2021–22.

    To work out if your business is eligible for the above small business entity concessions, see:

    Last modified: 25 Mar 2019QC 58382