FUEL TAX CREDITS
Fuel Tax
Credits
Businesses can claim credits for the fuel tax, which is
excise or customs duty, included in the price of fuel they acquire and use in
business activities in machinery, plant, equipment and heavy vehicles.
Some eligible activities include road transport,
construction, manufacturing, agriculture, fishing, forestry, electricity
generation, landscaping, panel beating, cement kilns, quarrying, and industrial
furnaces.
In fact,
most businesses can claim fuel tax credits. The rate that varies depending on
the fuel used and business activity.
Examples
of fuels eligible for fuel tax credits include petrol, diesel, kerosene and
LPG. Some fuels aren’t eligible such as fuel you use in light vehicles of 4.5 tons
gross vehicle mass or less, traveling on public roads. A business must be
registered for both GST and fuel tax credits before claiming fuel tax credits.
Contact Expert Tax on 0449 952 855 or 1300 8 MY
TAX (1300 869 829) for further assistance.
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