WebbIf you are a base rate entity, your corporate tax rate for imputation purposes is 27.5% for the 2024–18 to the 2024–20 income years. It will be 26% for the 2024–21 income year … Webb17 maj 2024 · Agribusiness and FoodAsset ManagementBanking and Capital MarketsCharities and Not-For-ProfitConstruction and TransportationDefenceEducation and SkillsEnergy (Oil & Gas)Entertainment and MediaFinancial ServicesGovernmentHealthcareInfrastructureInsuranceMining and MetalsPower & …
Recommended tax minimisation strategies from a small business …
Webb13 juni 2024 · The reduction in the corporate tax rate for base rate entities also means that the ‘corporate tax rate for imputation purposes’, otherwise known as the maximum franking rate, for 2024–22 will also reduce from 26% to 25%, assuming that the company’s: aggregated turnover for 2024–21 is less than $50 million; and Webb15 juni 2024 · The 80% rule for a base rate entity was introduced to bypass a factual problem if the recipient entity didnt conduct a small business itself. eg It received part of its income from a trading trust and also had passive income from another source. The SBE rule would otherwise mean a 30% tax rate applies. port of san francisco tariff
INCOME TAX ASSESSMENT ACT 1997 - SECT 995.1 Definitions
Webb14 aug. 2024 · As ABC Co did not meet the small business entity criteria, it was subject to a 30% corporate tax rate. For the 2016-17 income year, ABC Co had an aggregated … http://www5.austlii.edu.au/au/legis/cth/consol_act/itaa1997240/s995.1.html Webb7 apr. 2024 · base rate entity from the 2024–18 to 2024–22 income years; small business entity for the 2015–16 and 2016–17 income years. Base rate entity company tax rate. … port of san diego national city bayfront eir