The Turnbull government remains determined to get its $50 billion plan for company tax cuts through parliament, but concedes it might have to make concessions.
The enterprise tax plan aims to incrementally reduce the corporate tax rate to 25 per cent by 2026/27.
Most companies pay 30 per cent at present, apart from those with a turnover of less than $2 million a year, which pay a tax rate of 28.5 per cent.
"It's self-evident the government hasn't got the numbers in the Senate," Finance Minister Mathias Cormann told reporters in Canberra on Thursday.
"Obviously we will work through the Senate to get as much of our agenda through as we possibly can."
The first leg of the plan would immediately cut the tax rate to 27.5 per cent for companies with a turnover of less than $10 mllion.
Labor rejects the whole plan bar cutting the rate to 27.5 per cent for businesses with a $2 million turnover, arguing the budget cannot afford the total cost.
Senate powerbroker Nick Xenophon has flagged support for the first increment.
Debate on the tax plan is scheduled to resume in the lower house on Thursday.
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