It’s that time of year again, another quarter has gone by. While the leaves change colour it is time to remember to file our IFTA fuel tax returns for period covering July 1-September 30. All returns must be filed and paid by October 31, 2012 to avoid late fines and penalties.
Along with IFTA fuel taxes carriers may also have to file mileage taxes to the state of New York, New Mexico, Kentucky and Oregon as applicable.
The International Fuel Tax Agreement was established to make the collection and reporting of fuel taxes simpler for drivers operating in the continental United States and Canada. Carriers are assigned a home jurisdiction and from then on submit all of their relevant paperwork through an office located in that jurisdiction. This saves the operator from having to manage different logs and records for all states and provinces in which he or she operated during the reporting period.
