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ATO Notice on Companies Mistakenly Claiming to Qualify as Base Rate Entity for the Lower Company Tax Rate

|Approved Changes|Australia
Australia

The Australian Taxation Office has issued a notice on companies mistakenly claiming to qualify as a Base Rate Entity and using a lower company tax rate to which they are not entitled.

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Base rate entities and the lower company tax rate

We have found that some corporate tax entities in privately owned and wealthy groups and public and international groups are mistakenly claiming to be a B…

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