Fuel Tax Rebate Changes
Fuel Tax Rebate Changes
As most people are aware the Federal Government have now removed the concession in relation to the excise levelled on fuel.
From the 28th September 2022 the excise will be reapplied, and we will all feel the price increase.
As excise on fuel has been reapplied, there are changes to the amount that farmers and other businesses use in their business operations.
Effective from the 28th September the rate that can be applied to fuel purchased is:-
46.0 cents per litre for off-road usage and 18.8 cents per litre for on-road fuel usage.
If you require any assistance in relation to the claim for the fuel tax credit, please contact our office on 02 67821403.
This tax update is provided by D J Kelly & Co, Chartered Accountants, Queen St Barraba