Question: The tax rate is calculated at 30% whereas rate should be 25% of the small business return. How am I able to edit the rate?

Solution: Please enable "YES" for "It's a base rate entity" via tax form first page.


For the 2023–24 and 2024-25 income year, the lower company tax rate of 25% applies to a company that qualifies as a base rate entity.


Note: For 30% company tax rate, please select "No" in the line item ""It's a base rate entity". See below snip for reference:


Related guide:

Company SBE General Pool