The Australian Taxation Office has issued a reminder on changes to company tax rates, including a lower company tax rate for base rate entities. A base rate entity is a company that both:
- has an aggregated turnover less than the aggregated turnover threshold, which is AUD 25 million for the 2017-18 income year and AUD 50 million from the 2018-19 income year; and
- 80% or less of their assessable income is base rate entity passive income.
Base rate entity passive income includes:
- corporate …