Fuel Tax Act 2006
Your net fuel amount for a *tax period or a *fuel tax return period is worked out using the following formula:
| Total fuel tax | − | Total fuel tax credits | + | Total increasing fuel tax adjustments | − | Total decreasing fuel tax adjustments |
where:
total decreasing fuel tax adjustments
is the sum of all *decreasing fuel tax adjustments that are attributable to the period.
Note:
Division 65 sets out which tax periods or fuel tax return periods fuel tax adjustments are attributable to.
Fuel tax is currently assessed under the Excise Act 1901 , the Excise Tariff Act 1921 , the Customs Act 1901 and the Customs Tariff Act 1995 .
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total fuel tax credits
is the sum of all fuel tax credits to which you are entitled that are attributable to the period.
Note:
Division 65 sets out which tax periods or fuel tax return periods fuel tax credits are attributable to.
total increasing fuel tax adjustments
is the sum of all *increasing fuel tax adjustments that are attributable to the period.
Note:
Division 65 sets out which tax periods or fuel tax return periods fuel tax adjustments are attributable to.
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