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SmartStudyBlog.com > Blog > Accounts > Australian Accounting > Fuel Tax Credit (Only for Business) Concept
AccountsAustralian AccountingAustralian TaxTax

Fuel Tax Credit (Only for Business) Concept

Emil
Last updated: June 4, 2024 5:15 pm
Emil
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  Fuel Tax Credit (Only for Business) Concept

Fuel Tax Credit (Claim your fuel tax credits on your BAS)

If your business uses fuel, you can claim credits for the fuel tax included in the price of the fuel

Fuel Tax Credit = Gross of Diesel ÷ State Region Average Weekly Price

Gross of Diesel = Diesel Purchase + GST + Additional Tax paid

State Region Average Weekly Price 🡺 Get from Website

Use FTC Calculator


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