Fuel tax credits for business

Income tax and fuel tax credits

Fuel tax credits are part of your business income, so you must include them in your tax return, at 'Assessable government industry payments'. They are not subject to GST.

Fuel tax credits are also deemed to be pay as you go (PAYG) instalment income. We will include these amounts in your PAYG instalment amount (at label T7) and the instalment rate (label T2) on your BAS.

You must also include your fuel tax credits as part of your PAYG instalment income at label T1 on your BAS.

For more information, refer to PAYG instalments - how to complete your activity statement (NAT 7393).

Sections within Claiming

• When to claim
• How to complete your claim
• How to submit your claim
• If you pay GST in instalments
• Income tax and fuel tax credits