Corporate tax rate resolved

Article

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.

    Tax services

    Business tax, International tax, Transfer pricing, Tax management consulting, Mergers and acquisitions – tax, Research and development and government incentives, Deloitte Private, Indirect tax, Global employer services and Business Process Solutions

    Indirect tax

    With indirect tax becoming many governments' preferred method of revenue raising it’s more critical than ever to manage compliance and cash flows. Deloitte’s indirect tax experts understand the nuances of regulations, the importance of industry knowledge and the growing role of technology.

    Tax management consulting

    With consulting, technology and outsourcing experience, Deloitte TMC helps businesses meet the challenges of multi-jurisdictional tax operations, including compliance, reporting and risk management for direct and indirect taxes. 

Did you find this useful?