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  • Fuel tax credit rates - no increase

    11 August 2020

    There was no increase to fuel tax credit rates on 3 August. You can continue to use the current rates to calculate your claim on your business activity statement (BAS).

    When working out your fuel tax credits:

    • Check how your fuel is used.
    • Check you’re using the right rate.

    To get your fuel tax credits right, use our tips to avoid common errors:

    • Use our fuel tax credit calculator to help you calculate your claim.
    • Use software, including GPS trackers, correctly and ensure they record time and location accurately.
    • Keep complete and accurate records to support your claim.
    • Check your calculations to ensure you haven't over-claimed.
    • Check if you're eligible to use simplified methods to calculate your fuel tax credits.

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

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