Reduced tax rates may be available to eligible entities. Eligible entities include companies, corporate unit trusts and public trading trusts. If your company is a ‘base rate entity’, your company tax rate is 25% for the 2021–22 income year and foreseeable future.

For your company to be considered as a ‘base rate entity’, it needs to meet the following eligibility criteria. Aggregated turnover for the income year is less than the aggregated turnover threshold ($50 million from the 2018–19 income year onwards, or $25 million for the 2017–18 income year).

If your company earns passive income, it cannot exceed 80% of the company’s assessable income in that income year. Passive income includes: corporate distributions and their franking credits; royalties and rent; most income from interest; gains on qualifying securities; and a net capital gain.

The full company tax rate of 30% applies to all companies that are not eligible for this lower company tax rate.

The rates are different for previous years and different rules apply. For more information, or if you have any queries, please get in contact with your advisor.

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Osborne Park Office
18 Sangiorgio Court, Osborne Park WA 6017
Locked Bag 4,Osborne Park DC WA 6916
(08) 6165 4067
Mon - Fri: 8.00 am - 5.00 pm
Port Hedland Office
15 Edgar Street,Port Hedland WA 6721
Locked Bag 4,Osborne Park DC WA 6916
(08) 6165 4067

Osborne Park Office

18 Sangiorgio Court, Osborne Park WA 6017
Locked Bag 4, Osborne Park DC WA 6916
Mon - Fri: 8.00 am - 5.00 pm

Port Hedland Office

15 Edgar Street, Port Hedland WA 6721
Locked Bag 4, Osborne Park DC WA 6916
(08) 6165 4067

Copyright © 2024 Armada Accountants & Advisors.
ALL RIGHTS RESERVED 

Armada Accountants Pty Ltd – ABN 79 009 298 542, Armada Financial Planning Pty Ltd – Corporate Authorised Representatives of Armada Wealth Management Pty Ltd AFSL 535978, Armada Lending Pty Ltd – ABN 20 603 067 983 – Authorised Corporate Credit Representative (470054) of BLSSA Pty Ltd (ACL 391237), Armada Audit Services Pty Ltd – ABN 39 151 015 002, Armada Business Services Pty Ltd ABN 29 008 762 481 are members of the Armada Group. Each member of the Armada Group is a separate legal entity in its own right and is not in partnership with any other members of the Armada Group. Liability limited by a scheme approved under Professional Standards Legislation.



Armada Accountants & Advisors acknowledges and pays respect to the past, present and future Traditional Owners and Elders of this nation and the continuation of cultural and spiritual practices of Aboriginal and Torres Strait Islander peoples. Armada also acknowledges the Traditional Owners of the land where our Perth and Port Hedland offices are located, the Whadjuk Noongar People (Perth) and Kariyarra People (Port Hedland).

Armada Accountants Pty Ltd – ABN 79 009 298 542, Armada Financial Planning Pty Ltd – Corporate Authorised Representatives of Armada Wealth Management Pty Ltd AFSL 535978, Armada Lending Pty Ltd – ABN 20 603 067 983 – Authorised Corporate Credit Representative (470054) of BLSSA Pty Ltd (ACL 391237), Armada Audit Services Pty Ltd – ABN 39 151 015 002, Armada Business Services Pty Ltd ABN 29 008 762 481 are members of the Armada Group. Each member of the Armada Group is a separate legal entity in its own right and is not in partnership with any other members of the Armada Group. Liability limited by a scheme approved under Professional Standards Legislation.


Armada Accountants & Advisors acknowledges and pays respect to the past, present and future Traditional Owners and Elders of this nation and the continuation of cultural and spiritual practices of Aboriginal and Torres Strait Islander peoples. Armada also acknowledges the Traditional Owners of the land where our Perth and Port Hedland offices are located, the Whadjuk Noongar People (Perth) and Kariyarra People (Port Hedland).

Copyright © 2024 Armada Accountants & Advisors.
ALL RIGHTS RESERVED 

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