Tax rates
Sole traders, partnerships, companies and non-profit organisations are the four main types of business. The rates for income tax vary depending on which type of business you are operating. Learn about these four types of business and the tax rates that apply for each.
Trusts and trustees
In general the initial amount of money you put into a trust is not taxed. Find out more here about taxing trusts and trustees.
Companies
A company is a formal and legal entity in its own right, separate from its shareholders with its own unique tax obligations.
Sole traders
A sole trader is a person trading on their own.
Partnerships
In a partnership, two or more people run a business together.
Non-profit organisations
A non-profit organisation is any society, association or organisation that is not carried on for the profit or gain of any member, and has rules that do not allow money, property or any other benefits to be distributed to any of its members.
Date published: 14 Oct 2004
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