Fuel tax credits for businesses

September 26, 2011 10:28 am Published by Leave your thoughts

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:

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