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The following rates of tax apply to companies for the 2017-18 income year.

Company tax rates 2017-18

Income category Rate %
Base rate entities 27.5
Otherwise 30


* This includes corporate limited partnerships, strata title bodies corporate, trustees of corporate unit trusts and public trading trusts.

Life insurance companies

Income category Rate %
Ordinary class of taxable income 30
Complying superannuation class of taxable income 15

Additional tax on no-TFN contributions income where the company is a retirement savings account (RSA) provider

32


RSA providers other than life insurance providers

Income category Rate %
RSA component of taxable income 15
Additional tax on no-TFN contributions income 32

Standard component of taxable income:

- Base rate entity

- Otherwise

 

27.5

30


Not-for-profit companies

Income category Rate %
Taxable income: $0-$416 Nil
Taxable income: $417-$915 55
Taxable income: $916 and above 30


* Not-for-profit companies with a taxable income of between $417 and $915 are taxed on their taxable income above $416. Not-for-profit companies with a taxable income above $915 are taxed on all of their taxable income.

Not-for-profit companies that are base rate entities

Income category Rate %
Taxable income: $0-$416 Nil
Taxable income: $417-$831 55
Taxable income: $832 and above 27.5


* From the 2017-18 income year, not-for-profit companies that are base rate entities with a taxable income of between $417 and $831 are taxed on their taxable income above $416. If their taxable income is above $831, they will be taxed on all of their taxable income.

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