• Attention

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    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    Working out your fuel tax credits

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Before you can claim your fuel tax credits on your business activity statement (BAS), you must know what records you need to keep and how to work out what you are entitled to:

    • Step 1: Work out the eligible quantity (litres or kilograms) of fuel you have used for each business activity or the fuel that is used in your heavy vehicle for travelling on a public road or for powering the auxiliary equipment of the vehicle
    • Step 2: Check which fuel tax credit rate applies for the taxable fuel used in each of your activities
    • Step 3: Work out the amount of your fuel tax credits in dollars by multiplying the eligible quantity of fuel by the relevant fuel tax credit rate (Step 1 × Step 2).

    The amount of fuel tax credits you can claim depends on what fuel you use and how you use the fuel.

    There are different rates for different fuels and different activities, so remember to separate your calculations for each fuel type and for each activity that has a different fuel tax credit rate.

      Last modified: 18 Jul 2013QC 26645