Progressive reductions in the company tax rate have now been legislated:

  • 27.5% in 2017 for companies with a turnover less than $10 million
  • 27.5% in 2018 for companies with a turnover less than $25 million
  • 27.5% in 2019 for companies with a turnover less than $50 million
  • 27% in 2025 for companies with a turnover less than $50 million
  • 26% in 2026 for companies with a turnover less than $50 million
  • 25% in 2027 for companies with a turnover less than $50 million