What's new

Small business tax changes

New streamlined provisions for small business entities have replaced the former simplified tax system (STS). Broadly, to use the simplified taxation rules a small business entity must carry on business and have an aggregated turnover of less than $2 million. See Guide to concessions for small business entities (NAT 71874) and Small business entities for more information.

Publications and services



This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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Last modified: 30 Jun 2009QC 27920