Corporate tax rate resolved


Corporate tax rate resolved (for now) – 3 April 2017

Tax insights

On Friday 31 March, 2017, the deal was done. Treasury Laws Amendment (Enterprise Tax Plan) Bill 2016 was passed with amendments by the Senate. The Bill still needs to return to the House of Representatives (when Parliament resumes in May) to be passed by the House and receive Royal Assent.

The end result was a staged reduction in the corporate tax rate for companies with an annual turnover of less than $50 million. The Government has stated that it remains “absolutely committed” to the full plan of tax cuts. However Stage 2 will be presented to the Senate only when the Government is in a position to believe that the Bill will pass.

Corporate tax rate resolved (for now) – 3 April 2017
  • Contact us
  • Submit RFP
  • Our Solutions

    Progress your business growth and development

    Take a look at the products and services we offer.

    International Expansion Services

    Increasingly, companies looking to grow revenues and increase profitability are expanding sales and operations into new geographies. Starting with a company's strategic objectives, Deloitte helps businesses to quickly navigate new landscapes by advising on a wide variety of start-up activities.  

    Talking Tax - A boardroom issue

    BEPS, Transfer Pricing and Transparency & Governance.

    Foreign Account Tax Compliance Act

    As a recognized leader in both tax and technology, professionals in the Deloitte worldwide network are well qualified to assess and address the implications related to compliance with FATCA.

Did you find this useful?