Uploaded on Oct 23, 2020
Staying aware of the rules and regulations can help drivers and carriers to make wise decisions and streamline their operations.
IFTA Fuel Tax Returns - Global Multiservices
IFTA Fuel Tax Returns - Global
Multiservices
Staying aware of the rules and regulations can help drivers and carriers to make
wise decisions and streamline their operations. And one such necessary
regulation is the International Fuel Tax Agreement (IFTA), a cooperative
agreement between the 48 states of the US and ten provinces of Canada. It
permits inter-jurisdictional reporting for the fuel that vehicles consume with a
single fuel tax license.
IFTA mainly aims to establish and
maintain the concept of using a single
fuel license for interstate carriers and
single administering base jurisdiction
for each possessor of license.
However, Hawaii, Alaska, and the
Canadian territories do not take part in
it.
Who Qualifies for IFTA
The tax is basically required for vehicles:
Having two axles and a gross vehicle weight (GVW) rating or registered
GVW weight over 26,000 lbs or
Having three or more axles regardless of their weight, or
Having weight over 26,000 lbs when combined with GVW
If you’re eligible for the IFTA account, our experts can quickly provide
you one.
With an IFTA account, you have to report quarterly driven miles of every motor
carrier to enable BOE to charge your tax accordingly. Besides ensuring the
accuracy of you filed tax, our experts also help you calculate miles completed
and fuel consumed according to the states you drive.
Thank You For Watching!!
Contact Us: [email protected]
Phone - (209) 982-9996
Website - https://globalmultiservices.com/
Comments