- Date
-
11 May 2017
- Chamber
-
House of Representatives
- Status
-
Not Proceeding
-
Portfolio
-
Treasury
- Summary
-
Further to the
Treasury Laws Amendment (Enterprise Tax Plan) Act 2017
, the bill amends the: Income Tax Rates Act 1986
to: progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent; and Income Tax Assessment Act 1936
, Income Tax Assessment Act 1997
, Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017
and Treasury Laws Amendment (Enterprise Tax Plan) Act 2017
to make consequential amendments.