Fuel tax credits for businesses

From 1 December 2011, the Federal Government’s excise or customs duty will apply to gaseous fuels used for transport purposes.

As a result of these changes, the ATO will be offering fuel tax credits to any business which acquires, manufactures or imports duty paid gaseous fuels for use in eligible business activities.

Tax credits will apply to following gaseous fuels:

• liquefied petroleum gas (LPG)
• liquefied natural gas (LNG)
• compressed natural gas (CNG).

Categorised in: News AUS

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