Fuel Tax Credit rate change
There has been a change to the fuel tax credit rate for fuel used in heavy vehicles travelling on a public road. The rate to use when calculating claims will depend on when the fuel was acquired. This means:
- For fuel acquired from 1 January 2009 use the new rate of 17.143 cents per litre
- For fuel acquired before 1 January 2009 use the old rate of 18.51 cents per litre.
For further information contact A Grade Tax Accountants Penrith on (02) 4731-1405 for a full range of taxation services, accounting and bookkeeping for Individual and Business clients.
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