2021 Fuel Tax Credit Rate Changes

Kurt TuranskyTax

Fuel Tax Credit Rate Changes

Earlier this month, the Australian Taxation Office announced a slight increase to fuel tax credit rates in line with fuel excise indexation.

Fuel tax credits rates change regularly so it’s important to check the rates each time you do your business activity statement (BAS), but this month, Kurt discusses the most recent changes that came into effect on February 1.

Here’s what you need to know.