Fuel tax credits provide tax payers with a credit for the fuel tax (excise or customs duty) that's included in the price of fuel.
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).
Business Activities
If you are registered for goods and services tax (GST) you may be eligible to claim fuel tax credits for fuel used to:
- machinery
- plant
- equipment
- heavy vehicles
- light vehicles travelling off public roads or on private roads.
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.
Non Business Activities
If you are not registered, or not required to be registered, for goods and services tax (GST) you may be eligible to claim fuel tax credits for fuel used to:
- generate domestic electricity - for your home, house or household use
- operate emergency vehicles or vessels – if you are a non-profit organisation.