ATO Update: Fuel Tax Credit Increase

Mar 26, 2024 | ATO

How to Boost Your Savings

  1. Visit the ATO Fuel Tax Credit Calculator
  2. Check the Eligibility Tool
  3. Work out the amount you can claim
  4. Help using the tools

The Australian Taxation Office (ATO) has increased the fuel tax credits, aligning with fuel excise duty indexation. From 5 February, businesses can enjoy higher claims for eligible fuel used in their activities.

Maximise Your Benefits:

We recommend using the ATO Fuel Tax Credit Calculator to ensure precision in your claims. This tool guarantees accurate calculations based on the duty rate for the relevant period, avoiding potential errors or discrepancies.

Stay Tax-Savvy with DynamicFM:

At DynamicFM, we understand the importance of keeping up with the latest regulations. That’s why we encourage all our clients to seize this opportunity and take advantage of the increased fuel tax credit rates.

At DynamicFM, we value keeping our community informed about the latest business regulations.

Stay ahead, stay compliant!