How high are the corporate income tax in Australia?
- The standard corporate income tax is 30%.
A reduced 26% rate applies for «base rate entities», companies that answer these two criteria:
- a turnover under 50M AUD
- no more than 80% of the taxable income is passive (investments, etc)
Note: this reduced rate is supposed to change to 25% within a year. Get in touch with our expert for more information.
What Double-tax treaties has Australia?
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion
Argentina, Austria, Belgium, Canada, Chile, China, Czech Republic, Denmark, Fiji, Finland, France, Germany, Greece, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Kiribati, Korea (Republic of), Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Papua New Guinea, Philippines, Poland, Romania, Russia, Singapore, Slovakia, South Africa, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, United States of America, Vietnam
Status: Q1 2021