Small business company tax rate reduced

Small business company tax rate reduced


The small business company tax rate has been reduced from 30 per cent to 28.5 per cent. The new lower rate applies to small businesses that are corporate unit trusts and public trading trusts.

When completing company tax returns, use the new rate of 28.5 per cent on calculation statements at label T1 – Tax on taxable or net income. The franking credit cap has remained unchanged at 30 per cent, and still applies to those eligible for the reduced company tax rate of 28.5 per cent.

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If you believe the matters discussed above are relevant to your business, please contact Darren Smith of our office to discuss further.


Darren is a Chartered Accountant with extensive experience, including working in the big 4 and medium sized firms before becoming a partner of a city based firm in 2000.

He has gained much experience and has extensive knowledge in providing business and taxation advice, superannuation planning, negotiation of sales and acquisitions of businesses and property development. His client base covers a wide range of industry groups.

Darren works with business owners to grow their businesses and create personal wealth within and outside of their business.


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