Fuel Tax Credits
Fuel tax credit rates changed as from 1 August 2017. Fuel tax credits are indexed twice a year, and if you claim less than $10,000 per year in fuel tax credits a simplified method can now be used to calculate your claim, using the rate that applies at the end of the BAS period. From 1 August 2017 fuel tax credit rates for: heavy vehicles that use taxable fuel such as diesel or petrol, and travel on public roads, increased to 14.5 cents per litre.
Fuel tax credit rates change regularly. Make sure you're claiming the correct amount each time you lodge your business activity statement (BAS). Find the fuel tax credit rates here.
Alternatively you can calculate your claim by using the ATO's fuel tax credit calculator.
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