The Australian Taxation Office has issued a notice on companies mistakenly claiming to qualify as a Base Rate Entity and using a lower company tax rate to which they are not entitled.
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Base rate entities and the lower company tax rate
We have found that some corporate tax entities in privately owned and wealthy groups and public and international groups are mistakenly claiming to be a Base Rate Entity (BRE) and using a lower company tax rate when they are not entitled to. This may be…