There are changes to company tax rates. While the full company tax rate is 30%, your company may be eligible for a lower company rate.<\/p>\n

If you are a ‘base rate entity’, your company tax rate is:<\/p>\n

\n
• 27.5% from the 2017\u201318 to 2019\u201320 income years<\/li>\n
• 26% for the 2020\u201321 income year<\/li>\n
• 25% from the 2021\u201322 income year onwards.<\/li>\n<\/ul>\n

  For your company to be a ‘base rate entity’, it needs to meet the following eligibility criteria:<\/p>\n

  \n
  • aggregated turnover of less than $25 million for the 2017\u201318 income year or $50 million from the 2018\u201319 income year onwards, and<\/li>\n
  • if your company earns passive income, it cannot exceed 80% of the company’s assessable income, which can include:\n
    \n
    • corporate distributions and franking credits on these distributions<\/li>\n
    • royalties and rent<\/li>\n
    • interest income<\/li>\n
    • gains on qualifying securities<\/li>\n
    • a net capital gain.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

      There are different rules for the 2015\u201316 and 2016\u201317 income years.<\/p>\n

       <\/p>\n

      Source: ATO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

      There are changes to company tax rates. While the full company tax rate is 30%, your company may be eligible for a lower company rate.<\/p>\n

      If you are a ‘base…<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[3],"tags":[26],"acf":[],"_links":{"self":[{"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/posts\/2140"}],"collection":[{"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/comments?post=2140"}],"version-history":[{"count":1,"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/posts\/2140\/revisions"}],"predecessor-version":[{"id":2141,"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/posts\/2140\/revisions\/2141"}],"wp:attachment":[{"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/media?parent=2140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/categories?post=2140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cruzandco.com.au\/wp-json\/wp\/v2\/tags?post=2140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}