Mon 02 Mar 2015

Changes to fuel tax credit rates:

If you use fuel for your business activities, you may be able to claim a credit for the tax you pay on that fuel. The amount you can claim varies depending on the type of fuel, its use and your business.

The fuel tax credit rates are indexed twice per year in line with the consumer price index. It last increased on 2 February 2015. The easiest way to make sure you are using the correct rate is to use the ATO’s Fuel tax credit calculator.

For more information on fuel tax credits for business visit the ATO website.