Copy Tracking Code

Prime Mover Magazine

February fuel tax indexation revealed

As a result of fuel tax indexation, the fuel tax credit rate for fuel purchased for on-road use in eligible heavy vehicles increased from 13.7 cents per litre to 14.2 cents per litre on 1 February 2017.

According to the Australian Trucking Association (ATA), Diesel trucks must meet environmental criteria to be eligible for the credits, which are available on the Department of Infrastructure and Regional Development website.

The fuel tax credit rate for powering auxiliary equipment also increased, from 39.5 cents per litre to 40.1 cents per litre.

Operators will need to claim different fuel tax credit rates for fuel acquired before and from 1 February.

Fuel tax credit rates last increased on 1 August 2016.

According to the ATA, the ATO recommends that all operators use its online Fuel tax credit calculator to get correct fuel tax credit rates for a BAS. The calculator is also available on the ATO app.

Featured Article

  • Openica Logistics goes the distance

    Openica Logistics goes the distance

    Openica Logistics is a recognised expert when it comes to vehicle collection and isn’t afraid to go where it’s required – even if the job involves travelling to the most remote areas of Australia.

    Read Story

  • advertisement
  • Join CRT news on Linkedin!
  • Keep up to date on the latest news and developments in the commercial road transport industry. Sign up to CRT News today to receive a FREE weekly E-newsletter delivered straight to your inbox.

  • advertisement

© Copyright 2018 Prime Creative Media. All rights reserved.

Find us on Google+