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  TAX - RATESCompanies      Friday, 22 January 2021  

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Company Tax


   
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Company Tax Rate
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Income Year

General Rate

Base Rate Entity

 

 

Tax Rate

Aggregated Turnover Threshold

2021/2027

30%

25%

$50 million

2020/2021

30%

26%

$50 million

2019/2020

30%

27.5%

$50 million

2018/2019

30%

27.5%

$50 million

2017/2018

30%

27.5%

$25 million

 

 

Income Year

General Rate

SBE Rate

SBE Threshold

2016/2017

30%

27.5%

$10 million

2015/2016

30%

28.5% (1)

$2 million

2002 to 2015

30%

30%

 

2000/2001

34%

34%

 

1999/2000

36%

36%

 

1998/1999

36%

36%

 

1997/1998

36%

36%

 

1996/1997

36%

36%

 

1995/1996

36%

36%

 

1994/1995

33%

33%

 

1993/1994

33%

33%

 

1992/1993

39%

39%

 

 

** - A Base Rate Entity is a company deemed to be carrying on a business for the purposes of Sec23AA of the IT Rates Act 1986 (See TR 2017/D7 above for eligibility details)

 

Note 1 – Franking Credit for SBE for 2015/2016 is 30%, after that it reverts to the actual rate paid.




This page was last edited on 6 January 2021

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