The Australian Taxation Office has advised that from 1 July this year many primary producers will be able to claim fuel tax credits for the first time, and many others will be able to claim additional fuel tax credits.
The Tax Office is encouraging businesses in the agriculture industry to find out if they can save money on their business fuel costs.
In the past, businesses have only been able to claim a fuel tax credit for fuel used in heavy vehicles, such as trucks and specific activities, such as primary production.
Under the expansion, fuel tax credits can be claimed for the majority of fuel used in business – whether it’s used in off-road motorbikes, pumps, tractors or backhoes.
Read the media release to find out more.
