1 August 2018
Fuel tax credit rates increased on 1 August 2018 in line with fuel excise indexation.
Fuel tax credit rates change regularly. If you claim fuel tax credits for fuel used in your business, make sure you use the new rates to calculate your claim on your next business activity statement (BAS).
Supporting your fuel tax credit claims
Keeping accurate records of your business transactions can make it easier for you to claim correctly. If you claim less than $10,000 in fuel tax credits each year, you can use simplified methods to keep records and calculate your claims.
Remember, registered tax agents and BAS agents can help you with your tax.
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Don't forget to apply the new rates when you work out your claim.
Registered tax and BAS agents can help your business thrive.
Manage your cash flow and get your refund faster by getting your BAS right.