11 April 2022
The excise and excise equivalent customs duty rates have halved for petrol, diesel, and all other petroleum-based products except aviation fuels. This temporary reduction is in place for 6 months, and applies from 30 March until 28 September 2022.
Here's what you need to know when claiming fuel tax credits on your business activity statement (BAS):
Your tax or BAS agent can help you calculate your fuel tax credit claim and lodge your BAS.
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Remember to use the new rates when working out your claim.
Advice to help prepare your quarterly BAS, due 28 April.
Improve your record-keeping skills, and report expenses correctly.