Fuel tax credit rate increases


The new rate offsets the increase in fuel tax

 

The fuel tax credit rate has increased slightly from today to offset the rise in fuel tax.

In a notice sent to the industry, the Australian Trucking Association (ATA) says operators purchasing fuel for on-road use can now claim 13.36 cents per litre, up from 13.06 cents per litre.

The ATA says the credit rate for powering auxiliary equipment has also increased from 39.2 cents per litre to 39.5 cents per litre.

The increase is due to the Federal Government's decision to re-introduce fuel indexation in 2014.

In announcing the change, the Government included a measure to protect the trucking industry.

Indexation is due to occur twice a year, but the fuel tax credit will rise by the same amount.

 

 

You can also follow our updates by liking us on Facebook