Fuel tax credit rates increased on 1 August 2018 in line with fuel excise indexation.
Fuel tax credit rates change regularly. If you claim fuel tax credits for fuel used in your business, make sure you use the new rates to calculate your claim on your next business activity statement (BAS).
Supporting your fuel tax credit claims
Keeping accurate records of your business transactions can make it easier for you to claim correctly. If you claim less than $10,000 in fuel tax credits each year, you can use simplified methods to keep records and calculate your claims.
If you have any queries regarding Fuel Tax Credit Rates, please give us a call on (08) 9321 2642!