{"id":125,"date":"2017-12-18T12:18:12","date_gmt":"2017-12-18T12:18:12","guid":{"rendered":"http:\/\/idcrex.com\/blog\/?p=125"},"modified":"2017-12-18T12:19:04","modified_gmt":"2017-12-18T12:19:04","slug":"changes-to-company-tax-rates","status":"publish","type":"post","link":"https:\/\/idcrex.com\/blog\/changes-to-company-tax-rates\/","title":{"rendered":"Changes to company tax rates"},"content":{"rendered":"<p>The lower company tax rate will apply to base rate entities with a turnover less than $50\u00a0million in the 2018\u201319 income year. The rate will then reduce to 25% by the 2026\u201327 income year.<\/p>\n<table>\n<tbody>\n<tr>\n<th>Income year<\/th>\n<th>Turnover threshold<\/th>\n<th>Tax rate for base rate entities under the threshold<\/th>\n<th>Tax rate for all other companies<\/th>\n<\/tr>\n<tr>\n<td>2017\u201318<\/td>\n<td>$25m<\/td>\n<td>27.5%<\/td>\n<td>30.0%<\/td>\n<\/tr>\n<tr>\n<td>2018\u201319 to 2023\u201324<\/td>\n<td>$50m<\/td>\n<td>27.5%<\/td>\n<td>30.0%<\/td>\n<\/tr>\n<tr>\n<td>2024\u201325<\/td>\n<td>$50m<\/td>\n<td>27.0%<\/td>\n<td>30.0%<\/td>\n<\/tr>\n<tr>\n<td>2025\u201326<\/td>\n<td>$50m<\/td>\n<td>26.0%<\/td>\n<td>30.0%<\/td>\n<\/tr>\n<tr>\n<td>2026\u201327<\/td>\n<td>$50m<\/td>\n<td>25.0%<\/td>\n<td>30.0%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h3><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>The lower company tax rate will apply to base rate entities with a turnover less than $50\u00a0million in the 2018\u201319 income year. The rate will then reduce to 25% by the 2026\u201327 income year. Income year Turnover threshold Tax rate for base rate entities under the threshold Tax rate for all other companies 2017\u201318 $25m [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-125","post","type-post","status-publish","format-standard","hentry","category-autax"],"_links":{"self":[{"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/posts\/125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/comments?post=125"}],"version-history":[{"count":1,"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/posts\/125\/revisions"}],"predecessor-version":[{"id":126,"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/posts\/125\/revisions\/126"}],"wp:attachment":[{"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/media?parent=125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/categories?post=125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/idcrex.com\/blog\/wp-json\/wp\/v2\/tags?post=125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}