Great news, fuel tax credit rates have increased this financial year!
For taxpayers who own a business in machinery, plant, equipment and heavy vehicles, you’re most likely dealing with fuel expenses. You can claim the fuel tax credit for those expenses.
The ATO announces new business rates for the fuel acquired from 1 August 2018 to 31 January 2019.
Below you can see the new fuel tax credit rates. Read the rest of this entry »