Forum Discussion

llim1947's avatar
llim1947
7 months ago

Company Tax Return - Setting the base rate to 25%

Hi Everyone

 

I am completing a company tax return and I am trying to set the base rate to 25% and I have not been able to work it out.

 

Has anybody ever come across this issue before?

  • Isaiah_C's avatar
    Isaiah_C
    MYOB Moderator
    7 months ago

    Hi llim1947,

     

    Thank you for letting us know your concern, Sorry to hear that you're having an issue, and I'll be glad to assist you with setting the base rate. May I know what are you trying to add? Is it a deduction, an expense or payroll category? 

     

     

    Please feel free to response.

     

    Kind regards,

    Sai

    • DuncanS's avatar
      DuncanS
      Ultimate Partner
      7 months ago

      llim1947 Isaiah_C 

       

      Label 3 of the Company Tax Return is Status of Company.

       

      I would normally mark C1 Resident   D9 Private  F1 Small Business Entity  F2 Base Rate Entity

       

      Base Rate Entity used to be automatic.

      Now the person must mark F2  as not all Companies are a Base Rate Entity.

       

      Duncan

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