Australian carbon tax increase
Global maritime services provider, Inchcape Shipping services (ISS) is warning of an increase in Australian Carbon Tax on vessels from 1 July 2013, which it says will affect excise liabilities and fuel tax credit entitlements.
Bunker duty and carbon tax is charged for all vessels which carry out a coastal voyage in Australian waters and if a vessel purchases fuel or oil within the country’s waters for the purpose of a coastal voyage.
The Australian federal government first introduced its carbon pricing mechanisms system in July 2012 as part of the national clean energy measures.
From 1 July 2013, the monetary rate of the Carbon Tax will increase by around AUS $0.337 per litre, as per Table A. Duty on bunkers is paid in full at AUS $38.143 per litre and the rebate amount will be reduced by the Carbon Tax deduction as per Table B.
| Table A | 1st July 2012 | 1st July 2013 | 1st July 2014 |
| Carbon change rates for diesel and other liquid fuels (centre per litre) | 6.21 | 6.521 | 6.858 |
| Table B | 1 July 2012 | 1st July 2013 | 1st July 2014 |
| Fuel Tax Credit (bunker duty rebate) rates after Carbon Tax rate deducted (cents per litre) |
31.933 (38.143 – 6.21) |
31.622 (38.143 – 6.521) |
31.285 (38.143 – 6.858) |
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