Small business companies: lower tax rate

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25 / May / 2010

The company tax rate for “eligible small business companies” will be reduced to 28% from 2012/13 (ie two years earlier than for other companies).

The government will consult on the exposure draft legislation, including on instalment and franking arrangements.<--break->

Ref: Stronger, Fairer, Simpler — Fact Sheets, p 3.