There is no standard flat tax rate applicable to resident companies. The taxable income of a resident company is subject to tax at the following progressive rates:
|Up to AUD 25,000||20%|
|AUD 25,000 – AUD 50,000||30%|
|More than AUD 50,000||35%|
Capital gains are taxed as ordinary income at the same rate as ordinary income.
There is no minimum tax.