The Australian Taxation Office has published draft Practical Compliance Guideline (PCG) 2018/D5, which sets out the ATO's compliance and administrative approaches for corporate tax entities that have faced practical difficulties in determining their corporate tax rate and corporate tax rate for imputation purposes in the 2015-16, 2016-17, and 2017-18 income years.
Under the Tax Laws Amendment (Small Business Measures No. 1) Act 2015, smaller businesses may be eligible for a lower tax rate …