Treasury Laws Amendment (Enterprise Tax Plan) Act 2017 (41 of 2017)

Schedule 1   Reducing the corporate tax rate

Part 1   Amendments commencing 1 July 2016

Income Tax Rates Act 1986

2   Paragraph 23(3)(b)

Repeal the paragraph, substitute:

(b) in respect of the standard component:

(i) if the company is a small business entity for a year of income - 27.5%; or

(ii) otherwise - 30%.


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