What is Fuel tax credits?
Fuel tax credits provide businesses with a credit for the fuel tax (excise or customs duty) that’s included in the price of fuel used in:
- machinery
- plant
- equipment
- heavy vehicles
- light vehicles travelling off public roads or on private roads.
The amount depends on when you acquire the fuel, what fuel you use and the activity you use it in. Fuel tax credits rates also change regularly so it’s important to check the rates each time you do your business activity statement (BAS).
Some fuels and activities are not eligible including fuel you use in light vehicles of 4.5 tonnes gross vehicle mass (GVM) or less, travelling on public roads.
Eligibility
To make a claim for fuel tax credits you must be registered for:
- GST when you acquired the fuel
- fuel tax credits when you lodge the claim.
You can claim fuel tax credits for eligible fuel you acquired, manufactured or imported and use in your business.
The Fuel tax credit eligibility tool can help you work out which of your business activities are eligible.
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