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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
16200 Central Green Blvd
GAC Regional Office, Asia Pacific 78 Shenton Way, #29-01
Group Vice President, Asia Pacific & Indian Subcontinent
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Leverage on our experience and expertise with integrated shipping, logistics and marine services tailored to meet your needs.
Safe, reliable and swift delivery of quality marine fuels at competitive prices
Round-the-clock ship supply services
Specialised solutions to improve supply chain efficiency
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26 Jul 2024 / Australia
Australia’s Tax Office and Border Force have agreed to simplify the process which requires vessels carrying wholly coastal cargoes between Australian ports to pay a bunker excise.
Under current legislation, vessels carrying wholly coastal cargoes between Australian ports are required to pay bunker excise to Australian Border Force (ABF) based on either consumption during the coastal voyage (for short term disconnections from international trading of 3 or less legs) or are required to pay excise on all bunkers on board if the disconnection from international trading is more than three legs. This excise was then fully refundable (via the agent) to the ship operator via the Fuel Tax Credit Scheme from the Australian Tax Office (ATO).
From 1 January 2025, vessels with a GRT of 400 tonnes and above and engaged in commercial shipping, the excise will be zero rated and there will be no requirement for the excise to be paid and subsequently recovered.
ABF and ATO are currently finalising and aligning their future requirements in way of reporting.
For further details and updates, as well as information about operations in Australia, contact GAC Australia at [email protected]