Company Base Rate Entity – Reduction In Tax Rate To 25%

If you’re operating a business through a company with a grouped turnover of less than $50 million, you may considered a “Base Rate Entity” and subject to the reduced corporate tax rate of 26%.

From 1 July 2021, this rate will reduce to 25%.

The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.

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