Tax Rates Companies

Company tax rates

Income year Turnover threshold Company tax rate for entities under the threshold Company tax rate for entities over the threshold
2015–16 $2m 28.5% 30.0%
2016–17 $10m 27.5% 30.0%
2017–18 $25m 27.5% 30.0%
2018–19 to 2023–24 $50m 27.5% 30.0%
2024–25 $50m 27.0% 30.0%
2025–26 $50m 26.0% 30.0%
2026–27 $50m 25.0% 30.0%

Companies generally, including corporate limited partnerships, strata titles bodies corporate, trustees of corporate unit trusts and public trading trusts.