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Australia: Law Passed for Reduction of Corporate Tax Rate for Small Businesses
7/20/2017
On May 19, 2017, a law was passed on the gradual tax rate reduction for small businesses for the period from July 1, 2016, to July 1, 2022, as announced in the Budget 2016-17. There will be a gradual reduction of the corporate tax rate to 27.5% between July 1, 2016 and July 1, 2022.
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