ISS warns of increase in Australian Carbon Tax Wednesday, May 22, 2013
Inchcape Shipping Services (ISS) the world's leading maritime services provider, is warning of an increase in Australian Carbon Tax on vessels from 1 July 2013.
Bunker duty and carbon tax is charged for all vessels who conduct a coastal voyage within Australian waters, and if a vessel purchases fuel and or oil within Australian waters for the purpose of a coastal voyage.
The Australian federal government first introduced its carbon pricing mechanism in July last year as part of the national clean energy measures. The carbon tax affects excise liabilities and fuel tax credit entitlements.
From 1 July 2013 the monetary rate of the Carbon Tax will increase as per Table A below. Duty on bunkers is paid in full at AUD 38.143 cents/litre and the rebate amount will be diminished by the Carbon Tax deduction as per Table B. ISS Australia can assist customers with bunker duty lodgements and claims by contacting australia@iss-shipping.com or Tel: +61 (0) 2 9410 8888.