31 Jul 2015 / Australia, all ports
In reference to our previous advice (NTI 14047 14th May 2014) the Fuel Tax Credits Scheme has changed. The carbon charge has now been removed from the fuel tax credit rates for fuel acquired from 1st July, 2014 leaving the credit rate at $0.38143. (Previous rate was at $0.31622) The present rate of excise payable remains at $0.38143 thus presently the net result being a zero rated tax returning to the system in place prior to the carbon tax coming into effect. The Australian Government is proposing to index the excise duty rates payable for most fuels every six months if this change becomes law, the fuel tax credit rates will change again. This will be monitored and to be further advised accordingly. For further information please contact GAC at [email protected].
You are currently on GAC Worldwide website.
Group Vice President, Europe and Africa
16200 Central Green Blvd
78 Shenton Way #09-01 Singapore 079120
Group Vice President, Europe and Africa
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Leverage on our experience and expertise with integrated shipping, logistics and marine services tailored to meet your needs.
Safe, reliable and swift delivery of quality marine fuels at competitive prices
Round-the-clock ship supply services
Specialised solutions to improve supply chain efficiency
GAC Mobile Directory App
