What is fuel tax credits?

Fuel tax credits provide your business with a credit for the fuel tax (excise or customs duty) included in the fuel price.

If you claim less than $10,000 in fuel tax credits per year, the easiest and safest way to get your claims right is to use our simplified methods. These include:

the basic method for heavy vehicles – which works out your off public road use for you, so you don’t miss out on any credits
the rate that applies at the end of your BAS period – if there is a change in rate during the BAS period, you don’t need to split your fuel purchases and use two different rates.
Global positioning system (GPS) technology can also be a useful tool when calculating your fuel tax credit claims. Ensure it has an ATO product or class ruling. This will give you various levels of assurance that your GPS product is producing accurate reports and claims for fuel tax credit purposes.