Base rate entity company tax rate From the 2017–18 income year, companies that are base rate entities must apply the lower 27.5% company tax rate. A base rate entity is a company that both: has an aggregated turnover less than the aggregated turnover threshold – which is $25 million for the 2017–18 income year 80% or less of their assessable income is base rate entity passive income – this replaces the requirement to be carrying on a business. Base rate entity passive income is: corporate distributions and franking credits on these distributions royalties and rent interest income (some exceptions apply) gains on qualifying securities a net capital gain an amount included in the assessable in
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