• 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

    Income tax and 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

    Fuel tax credits are part of your business income, so you must include them in your tax return, at ‘Assessable government industry payments’. They are not subject to GST.

    Fuel tax credits are also deemed to be pay as you go (PAYG) instalment income. We will include these amounts in your PAYG instalment amount (at label T7) and the instalment rate (label T2) on your BAS.

    You must also include your fuel tax credits as part of your PAYG instalment income at label T1 on your BAS.

    Further information

    For more information, refer to PAYG instalments – how to complete your activity statement (NAT 7393).

    End of further information
      Last modified: 18 Jul 2013QC 26645