Archive for January, 2009

Change to Fuel Tax Credits Rates from – 1 Jan 2009

Posted on January 21st, 2009 in Business and Subbies

Fuel Tax Credits rates have reduced from 1 January 2009.
For a vehicle greater than 4.5 tonne GVM travelling on a public road (diesel vehicles acquired before 1 July 2006 can equal 4.5 tonne GVM), the rate for taxable fuel has reduced from 18.51 to 17.143.
Taxable fuels include petrol and diesel.
FREE fact sheet ==> Changes to [...]

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20% Reduction of PAYG Instalments December BAS

Posted on January 21st, 2009 in Business and Subbies

(Source ATO)
To help small businesses weather the global financial crisis, the Australian Government recently announced that it would reduce by 20% the quarterly pay as you go (PAYG) instalment due for the December 2008 quarter. For some small businesses this instalment will be due 21 January 2009 while for the balance of small businesses this [...]

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