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  • Fuel tax credit rates have increased

    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 rate that applies at the end of your BAS period
    • the Basic method for heavy vehicles to calculate your claims if you use a heavy vehicle.

    The next time you work out your fuel tax credits, remember to:

    • check how your fuel is used
    • check you’re using the right rate
    • use simplified methods to make calculating your fuel tax credits easier
    • check your calculations to ensure you haven't over-claimed
    • keep complete and accurate records to support your claim.

    Remember, registered tax agents and BAS agents can help you with your tax.

    Next steps:

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