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8.1.1. Corporate Income Tax

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.

Alternative Minimum Tax

There is no minimum tax.