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  • Important changes to fuel tax credits

    6 June 2022

    If you claim fuel tax credits you will need to apply the lower rates for fuel acquired from 30 March 2022.

    Each time you complete your BAS, the easiest way to ensure you are using the correct rate is to use our fuel tax credit calculator.

    The lower rates for fuel tax credits are a result of the halving of fuel excise for six months from 30 March to 28 September.

    During the temporary rate reduction period, businesses using fuel in heavy vehicles for travelling on public roads won't be able to claim fuel tax credits. This is because the road user charge exceeds the excise duty paid, which reduces the fuel tax credit rate to nil.

    Remember, your registered tax or BAS agent can help you with your tax.

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