• Base rate* entities – 25%
• All other companies – 30%

*A company is a base rate entity for an income year if:

– the company’s aggregated turnover for that income year is less than the aggregated turnover threshold for that income year, and
– it has 80% or less of their assessable income in that income year that is base rate entity passive income – this replaces the requirement to be carrying on a business from the 2017–18 income year onwards.

Private company loans (Division 7A)

• Benchmark interest rate for 2022/23 — 4.77%