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The Australian Tax office (ATO) has announced the next indexation of the fuel tax credit is expected to be live on the 3 August 2020. The indexation of fuel tax credit rates is based on the upward movement of the CPI. The next indexation will occur on 3 August 2020.
The Australian Bureau of Statistics is indicating the June 2020 CPI indexation number will be released on 29 July 2020. The ATO will advise us of any changes to the rates at that time.
We encourage members to save the fuel tax page for easy access as soon as the new rates available.