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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