Change to Company Tax Rates
Wednesday, August 26, 2015
As from 1 July, 2015 a non-resident corporation will be subject to Australian tax on its Australian-sourced net income at the flat rate of 28.5% WHERE ITS AUSTRALIAN AGGREGATED TURNOVER IS LESS THAN A$2 MILLION.
In all other instances, where the aggregated turnover of a non-resident corporation exceeds A$2 million, its Australian-sourced net income will be taxed at the flat rate of 30%.
For Australian taxation purposes non-resident incorporated entities include Limited Liability Companies (LLCs) and Limited Liability Partnerships (LLPs).
Please contact our office for more information
+ 61 3 9823 3366
