Base Rate Entity Eligibility Tests Worksheet (bre)

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This worksheet is only applicable to company tax returns.

From the 2017-18 income year, the 27.5% corporate tax will apply to a Base Rate Entity. A corporate tax entity will be a Base Rate Entity if it carries on a business and, for the 2017-18 income year, has an aggregated turnover of less than $25 million. The Treasury Laws Amendment (Enterprise Tax Plan Base Rate Entities) Bill 2017 was introduced to Parliament on 18 October 2017, with a view to altering the definition of what a Base Rate Entity is from 2017-18 onwards by including a passive income test.

As the legislation hadn't passed into law before our 2018.0 tax release, we added an option for users to decide if the company is a base rate entity.

You can track the status of the legislation here and on the ATO website.

If the legislation hasn't passed, answer the first 2 tests to comply with the current law:

If the legislation has passed, change the checkbox to Y and the last 3 questions can be updated:

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If the legislation hasn't passed, answer the first 2 tests to comply with the current law:

If the legislation has passed, change the checkbox to Y and the last 3 questions can be updated:

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