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 year | Aggregated turnover threshold | Tax rate for base rate entities under the threshold | Tax rate for all other companies |
| 2021–22 and future years | $50m | 25.00% | 30.00% |
| 2020–21 | $50m | 26.00% | 30.00% |
| 2018–19 to 2019–20 | $50m | 27.50% | 30.00% |
| 2017–18 | $25m | 27.50% | 30.00% |
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