Primarius Blog - SME company tax rates
Muriel Oliver
News | 15 Oct 2021
Small-medium enterprise (SME) company tax rates are going down down down, as long as the company meets the definition of a base rate entity.
Here is a quick summary:
|
Income year |
Aggregated turnover threshold |
Tax rate for base rate entities under the threshold |
Tax rate for all other companies |
|---|---|---|---|
|
2017–18 |
$25m |
27.5% |
30.0% |
|
2018–19 to 2019–20 |
$50m |
27.5% |
30.0% |
|
2020–21 |
$50m |
26.0% |
30.0% |
|
2021–22 and future years |
$50m |
25.0% |
30.0%
|
Read the full details here on the ATO website - just click here.
Disclaimer: This information is general in nature, and you should examine your situation carefully as the legislation or further information becomes available. So, before acting on this or any other information, it is important to seek professional advice related directly to you and your circumstances. Should you require our assistance, contact your Primarius Team leader, or email us at info@primarius.net.au
