Company income tax & Div 7A rate

  • Base rate* entities – 27.5%
  • All other companies – 30%

* A base rate entity for the 2018-19 income year is one which carries on a business and has aggregated turnover of less than $50 million. Note that there is a current proposal before Parliament to modify the definition of base rate entity by removing the carrying on a business test and replacing it with a no more than 80 per cent ‘base rate entity passive income’ test.

Private company loans (Division 7A)

  • Benchmark interest rate for 2018-19 — 5.20%

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