Fuel tax credit rates changed as from 4th February 2020. Fuel tax credits are indexed In February and August each 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 for your calculations. From 4th February 2020 fuel tax credit rates for: heavy vehicles that use taxable fuel such as diesel or petrol, and travel on public roads, is 15.8 cents per litre. The rates for other equipment vary so you should check the rates withATO.
Fuel tax credit rates change regularly. so make sure you're claiming the correct amount each time you lodge your business activity statement (BAS).
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