• Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Work out what you are entitled to

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    There are three steps to calculate your fuel tax credits:

    • Step 1 – work out the eligible quantity (litres or kilograms) for each fuel type and each business activity.
    • Step 2 – check which fuel tax credit rate applies for each taxable fuel used in each of your activities.
    • Step 3 – work out the amount of your fuel tax credits in dollars by multiplying the eligible quantity of fuel by the relevant fuel tax credit rate (step 1 × step 2).

    The amount of fuel tax credits you can claim depends on what fuel you use, when you acquired it, and how you use the fuel.

    There are different rates for different fuels and different activities, so remember to separate your calculations for each fuel type and for each activity that has a different fuel tax credit rate.

    You need to use the rate that applied when you acquired the fuel – this may not necessarily be the rate in effect when you use the fuel or claim your fuel tax credits.

      Last modified: 19 Sep 2014QC 41272