Eligible corporate tax entities can claim a refundable tax offset in 2026–27 tax returns to help with their cashflow. The reintroduction of the loss carry back tax offset that was announced by the Australian Government in the 2026–27 Budget is now law. If you’re a corporate tax entity, that is not a significant global entity, you: will be able to carry back a tax loss and offset it against tax you’ve paid in either or both the 2 previous income years may be able to carry forw