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/
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