Fuel Tax Credits

Fuel tax credits provide businesses with an opportunity to receive a refund from the Australian Taxation Office for the fuel tax that is included in the price of fuel when they purchase it. The fuel can be used in:

  • Machinery
  • Plant and Equipment
  • Heavy Vehicles
  • Light vehicles that travel off public roads or on private roads

Eligible liquid fuels include (This is not an extensive list - Refer to the ATO for more examples):

  • Petrol
  • Diesel

Eligible gaseous fuels include (There are special conditions - Refer to the ATO for more information):

  • LPG
  • LNG
  • CNG

The fuel tax credits that you receive depend on the litres of fuel that are purchased. The rate which is received changes frequently, so Bizgro regularly updates its calculations based on the new rates. Please note that not all fuel is eligible for a credit. For example, light vehicles that are 4.5 tonnes gross vehicle mass (GVM) or less, travelling on public roads.

Fuel tax credits are usually included on a BAS in the same pattern as GST. For example, if GST is lodged on a quarterly basis, then the fuel tax credit is lodged on a quarterly basis. If the BAS is lodged on a monthly basis, then the fuel tax credit is lodged on a monthly basis. When Bizgro completes your BAS, we can include any fuel that meets the criteria on the BAS.