RSM Australia

Budget 2016 - Corporate Tax Rates

Tax Insights

Income Year

Annual Aggregated Turnover Thresholds

Rate

2016/17

$10 million

27.5%

2017/18

$25 million

27.5%

2018/19

$50 million

27.5%

2019/20

$100 million

27.5%

2020/21

$250 million

27.5%

2021/22

$500 million

27.5%

2022/23

$1 billion

27.5%

2023/24

None

27.5%

 

 

Income Year

Company Tax Rate

2024/25

27%

2025/26

26%

2026/27

25%

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