Lowering our 30% corporate tax rate for large taxpayers, down to the 25% rate for SMEs supported by OECD and tax advisers

The OECD recently recommended that our uncompetitive 30% corporate rate be lowered to the 25% rate applicable to SMEs, which has been echoed by taxpayers and advisers complaining that this ‘two-tiered’ system distorts how businesses grow and structure their operations.

See below for further details.

[Tax Month – April 2021]