Bio­fu­els tax update

Herald Sun - Motoring - - Big Wheels -

THE Bio­fu­els As­so­ci­a­tion of Aus­tralia (BAA) is point­ing to an Aus­tralian Tax­a­tion Of­fice guide update as an­other rea­son to only use biodiesel or biodiesel blends that meet the diesel fuel stan­dard. Ac­cord­ing to the lat­est ATO guide, truck­ing op­er­a­tors us­ing biodiesel blends that meet the diesel fuel stan­dard can claim fuel tax cred­its as if the fuel is 100 per cent diesel. The BAA says any fuel up to B5 (5 per cent biodiesel) in Aus­tralia is con­sid­ered to be min­eral diesel and is el­i­gi­ble as usual.

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