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IFTA 101

IFTA 101. How IFTA Works. Carrier submits license application to base jurisdiction. Base jurisdiction reviews and processes license application of qualified candidate. 1. 2. Base jurisdiction issues one IFTA license to carrier and 2 decals for each QMV operated. Licensee operates

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IFTA 101

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  1. IFTA 101 Managed by the International Fuel Tax Association, Inc.

  2. How IFTA Works Managed by the International Fuel Tax Association, Inc.

  3. Carrier submits license application to base jurisdiction Base jurisdiction reviews and processes license application of qualified candidate 1 2 Base jurisdiction issues one IFTA license to carrier and 2 decals for each QMV operated Licensee operates and prepares quarterly IFTA tax return with base jurisdiction 4 3 Getting Started Managed by the International Fuel Tax Association, Inc.

  4. The IFTA Tax Return Base Jurisdiction (BJ) is a US jurisdiction Managed by the International Fuel Tax Association, Inc.

  5. Licensee files tax return with base jurisdiction and remits $44.00 Base jurisdiction reviews and processes tax return andremittance 5 6 Base jurisdiction processes all other taxreturns received At the end of each monthbase jurisdiction uploads to the CH or sends transmittal reports to allother memberjurisdictions. 8 7 Next… Managed by the International Fuel Tax Association, Inc.

  6. TRANSMITTAL REPORT 05/2200 Managed by the International Fuel Tax Association, Inc.

  7. Base jurisdiction uploads or sendsthe transmittal reportto Jurisdiction AA andall other member jurisdictions Base jurisdictionprocesses all transmittalreports and paymentsreceived fromother jurisdictions(including $375 fromJurisdiction AA) 9 10 11 Base jurisdiction sendsrefunds to licensees andissues assessmentsfor any taxes due And Finally… Managed by the International Fuel Tax Association, Inc.

  8. The base jurisdiction will conduct audits for itself and all member jurisdictions Jurisdictions must complete audits on an average of 3% of its licensees each year Of the 3%, 25% of the audits must involve high-distance accounts Of the 3%, 15% of the audits must involve low-distance accounts Audit monies are transmitted with the monthly transmittal reports; audit reports are sent upon completion Audits Managed by the International Fuel Tax Association, Inc.

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