News

Company Tax Rates

Date posted: Tuesday, August 25, 2015

AUSTRALIAN WITHHOLDING TAX 

Company Tax Rates

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).

 

Any queries concerning clarification of the issues discussed above may be directed to Michael Roseby on +61 3 9823 3366 or msr@rosroy.com.au

aes logo

ARTIST ESCROW SERVICES PTY LTD


Back to News

The Artists Choice

Artists Escrow Services Pty Ltd is the only business management firm in the Australia/New Zealand region

View our list of services

Tax Rates

Summary of Australian and New Zealand overall tax rates and positions for Entertainers & Sports people

RRY

Associated with Roseby Rosner & Young

Visit Website