The Australian Taxation Office (ATO) has updated its guidance on Company tax rates to include an overview of the rates of tax that apply to companies for the 2025-26 income year. The rates are as follows:
Companies
- Base rate entities: 25%
- Otherwise: 30%
An entity may generally qualify as a base rate entity if its aggregated turnover does not exceed AUD 50 million, and no more than 80% of the entity's assessable income is specified passive income. The above rates also apply to corporate …