Fuel taxes in Australia
http://dbpedia.org/resource/Fuel_taxes_in_Australia an entity of type: Abstraction100002137
The main fuel tax in Australia is an excise tax, to which Goods and Services Tax ("GST") is added. Both taxes are levied by the federal government. In Australia the GST (currently 10%) is applied on top of the fuel excise tax. In some cases, businesses may be entitled to exemptions or rebates for fuel excise tax, including tax credits and certain excise-free fuel sources. The tax collected is added to general revenue. From April 1 to October 1, the fuel excise was lowered or cut by 50% by the federal budget 2022 to 22.1c per litre for all fuels.
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Fuel taxes in Australia
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The main fuel tax in Australia is an excise tax, to which Goods and Services Tax ("GST") is added. Both taxes are levied by the federal government. In Australia the GST (currently 10%) is applied on top of the fuel excise tax. In some cases, businesses may be entitled to exemptions or rebates for fuel excise tax, including tax credits and certain excise-free fuel sources. The "double dipping" (GST imposed on the excise tax) was fully compensated for by lowering the excise at the time the GST was introduced in 2001. While the excise stopped being indexed for inflation in 2001, indexation was reintroduced in 2014 (see History below). The tax collected is added to general revenue. From April 1 to October 1, the fuel excise was lowered or cut by 50% by the federal budget 2022 to 22.1c per litre for all fuels.
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