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  • Lower company tax rate: incorporated small and medium businesses

    Changes to company tax rates have been legislated for incorporated small and medium businesses. A base rate entity with a turnover of less than $50 million per annum will move to a 25% tax rate by 2021–22.

    Table: Changes to company tax rates

    Income year

    Aggregated turnover threshold

    Tax rate for base rate entities under the threshold

    Tax rate for all other companies

    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

    $50m

    25.0%

    30.0%

    To see if your company is eligible for the changes in tax rates see:

    Last modified: 25 Mar 2019QC 58374