Under the IFTA, interjurisdictional carrier reports the amount of fuel consumed and the distance travelled in the different jurisdictions. Member States cooperate to track, remove and divide taxes on fuels such as petrol, diesel, propane, diesel, methanol, ethanol, natural gas and biodiesel. The agreement allows registered interjurisdictional carriers to obtain a licence issued by their main jurisdiction to notify and pay fuel taxes to a single jurisdiction. IFTA was created to simplify things, but there are still deadlines and documents to submit. If you`re worried about following IFTA`s licensing deadlines, let TruckingOffice`s experts help. Our software makes your life easier by helping you track fuel tax reports, manage your bills, shipments, fuel purchases and more. Your miles are automatically calculated with PC-Miler. If you want to know more about how TruckingOffice can save you time and money, please contact us today. Start by registering your IFTA in a simple way today! A single travel authorization allows qualified vehicles to travel conditionally to another country.
Approval applies to a vehicle that, for a predetermined duration and duration, enters another jurisdiction. Individual licences may include charges other than the fuel tax. A person who commits an offence related to the improper use of coloured fuel in Ontario will be fined and charged a $465 fee. Fines of up to $1 million or imprisonment of up to two years are possible for other offences under the Fuel Tax Act, such as manipulation. B of the coloured fuel. Offenders are also examined and can be assessed tax, with penalties and interest. The IFTA Tax Rate Matrix is the official source of all IFTA fuel tax rates. As an IFTA licensee, you report your fuel purchases and jurisdictional travel within one month of the end of each quarter. The Ministry of Finance will send you an IFTA tax return at least 30 days before each due date.
In your IFTA tax return, you show how much taxable fuel you bought and how far you travelled in each country.