Overview of the ETO

 

Calculating the ETO

 

Eligibility for the Entrepreneurs Tax Offset

 

ETO and PSI

 

 

 

What is the Entrepreneurs Tax Offset?

 

To provide an incentive for small business, the tax system offers a tax offset of up to 25% of the income tax attributable, for small businesses enterprises (SBE's) with a turnover of less than $75,000.

 

Those entitled may be:

  • individuals

  • companies

  • partners in a partnership

  • a trustee or a beneficiary of a SBE trust