Company Tax Return (CTR)

All companies operating in Australia must lodge their company tax return (CTR) every year and file the required documents with ATO.

The following company information together with financial information are to be disclosed in CTR form:

The Australian government announced a reduction in the small business tax rate from 28.5 per cent to 27.5 per cent for the 2016–17income year. The turnover threshold to qualify for the lower rate will start at $10 million (in 2016-17) and progressively rise until the 27.5 per cent rate applies to corporate tax entities with less than $50 million aggregated annual turnover in the 2018-19 income year. From 2017-18, entities eligible for the lower tax rate will be known as base rate entities.

The corporate tax rate will then be cut to 27 per cent in the 2024–25 income year for corporate tax entities with less than $50 million aggregated annual turnover and by one percentage point in each subsequent year until it reaches 25 per cent for the 2026–27 income year.