• 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

    Attention

    Warning:

    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