Fuel Tax Credit Rates have changed
Domenic Tartaglia • 1 March 2021

Fuel Tax Credit Rates have changed.

Fuel tax credit rates changed as of 1 February 2021
 
Business which use fuel in heavy vehicles or other machinery, may be eligible to claim credits from the ATO for the fuel tax (excise or customs duty).
 
This includes the tax in the price of fuel used in any of your business's:

  • machinery
  • plant
  • equipment
  • heavy vehicles
  • light vehicles travelling off public roads or on private roads 

The new rates can be found on the ATO website.

If you would like to find out if you are eligible to claim Fuel Tax Credits, or need assistance with lodging a claim, speak to your Aspen Corporate Advisor.  

The Reserve Bank of Australia (RBA) held the cash rate steady at 3.85% in July.
by AspenCorp 7 August 2025
The Reserve Bank of Australia (RBA) held the cash rate steady at 3.85% in July.
Super guarantee rate now 12%: what it means for employers.
by Aspen Corp 7 August 2025
Super guarantee rate now 12%: what it means for employers.
It’s important to be aware of some specific features on the tax system when purchasing a luxury car.
by Aspen Corp 7 August 2025
With the purchasing of luxury vehicles on the rise it’s important to be aware the features of the tax system that can impact on the real cost of purchase.
We’ve seen a surge in questions about whether interest on a loan can be claimed as a tax deduction.
by Aspen Corp 6 August 2025
This tax season, we’ve seen a surge in questions about whether interest on a loan can be claimed as a tax deduction.
by Aspen Corp 2 July 2025
From 1 July 2025, ATO debt may cost you more. Two types of interest charges on Australian Taxation Office (ATO) debt will no longer be deductible.
by Aspen Corp 2 July 2025
Division 296 super tax is the Federal Government proposal to impose an extra 15% tax on total superannuation balance earnings over $3 million.
More posts