The Australian Taxation Office has issued a release on eligibility for the lower company tax rate for smaller companies (base rate entities). The lower company tax rate for base rate entities is 25% from the 2021–22 income year, which is down from 26% in the 2020-21 income year and 27.5% in the 2017-18 to 2019-20 income years.
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Are you eligible for the lower company tax rate?
Did you know that reduced tax rates may be available to eligible entities? These include companies, corporate …