12 May 2022
Did you know that reduced tax rates may be available to eligible entities? These include companies, corporate unit trusts and public trading trusts.
If your company is a 'base rate entity', your company tax rate is 25% from the 2021–22 income year onwards.
For your company to be a 'base rate entity', it needs to meet the following eligibility criteria:
The full company tax rate of 30% applies to all companies that are not eligible for this lower company tax rate.
The rates are different for previous years and different rules apply.
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