Fuel tax credits system

Australia’s fuel tax credits (FTC) system provides taxpayers with a credit for the fuel tax (excise or customs duty) included in the price of fuel they use for eligible machinery, plant, equipment and heavy vehicles. In 2013–14, $5.7 billion in fuel tax credits were claimed by around 263,000 registered claimants.

A taxpayer must be registered for fuel tax credits before they can make a claim. Taxpayers claim fuel tax credits on their business activity statement (BAS) or, for non-business claimants, through a fuel tax credit claim form. Fuel tax credits are considered income and are included in the tax return at Assessable Government industry payments. The FTC gap does not cover compliance with self-reporting of fuel tax credits as assessable income on tax returns.

    Last modified: 05 Nov 2015QC 47163