Rates are indexed twice a year in line with the consumer price index (CPI) and will change again in February 2017. Rates also changed on 1 July 2016 due to a change in the road user charge and the re-introduction of excise duty rates on biofuels.
Check the fuel tax credit rates online before completing your BAS.
The ATO have simpler ways and tools to help you:
- calculate your fuel tax credit claims
- keep records
- work out which of your business activities are eligible.
Next steps:
- Fuel tax credit rates
- Use The ATO’s online Fuel tax credit tools
- Download the ATO app
Find out about:
For further information or clarification, please contact one of our accounting team members at The A Firm on 07 5596 4604.