4 August 2021
Fuel tax credit rates increased on 2 August 2021 in line with fuel excise indexation.
You may need to use different rates for fuel acquired before and after 2 August.
If you claim less than $10,000 in fuel tax credits per year, you can use simplified methods including:
The next time you work out your fuel tax credits, remember to:
Remember, registered tax agents and BAS agents can help you with your tax.
Find out about:
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You can fix the 'mistake' on your next BAS or revise the original.
Keep these tips in mind when lodging your tax return this year.
Try Online services for business for your next quarterly BAS, due 28 July.