The Australian Taxation Office (ATO) has issued a reminder on changes to corporate income tax rates for base rate entities from FY 2021-22.

Progressive changes to the company tax rate as following:

Income yearAggregated turnover thresholdTax rate for base rate entities under the thresholdTax rate for all other companies
2021–22 and future years$50m25.00%30.00%
2020–21$50m26.00%30.00%
2018–19 to 2019–20$50m27.50%30.00%
2017–18$25m27.50%30.00%