International Fuel Tax Agreement (IFTA)
Streamline and refine your IFTA reporting process with more accurate data at a faster pace. Simplify and strengthen your strategy with Geotab integrations through BlueArrow.
What is IFTA?
The International Fuel Tax Agreement (IFTA) is a fuel tax collection and sharing agreement across jurisdictions in the U.S. and Canada for redistributing collected fuel taxes from motor carriers. The agreement encompasses the entire contiguous United States and a large part of Canada. IFTA applies to commercial vehicles when they are used for business reasons and travel interstate (or province). You can learn all you need to know about the IFTA process and auditing in this blog post from Geotab.
Any fleet operating across state or province lines in IFTA areas must have an IFTA license for each vehicle. The IFTA identifies qualifying vehicles as ones that are used, designed, or maintained for the purpose of transporting people or property. When approved for an IFTA license, decals will need to be applied to the vehicle to indicate compliance. The IFTA license needs to be applied for and renewed annually just like the regular vehicle registration.
IFTA Distribution and Regulation
The IFTA ensures that the tax revenue from fuel purchases is distributed fairly among the jurisdictions it covers. The fuel tax is paid at the gas pump and then distributed to each state or province based on the miles driven in that area. Each state or province is able to set their own IFTA tax rate. Federal requirements mean that if your vehicle meets the criteria, you are required to apply for an IFTA license and file quarterly reports to avoid penalty. With MyGeotab and BlueArrow Fuel, you can spend much less time meeting these requirements and avoid costly fines for errors or missing deadlines. Check out this video to see how simple it is to complete an IFTA report in MyGeotab.
Save Time and Ensure Accurate IFTA Reporting
With MyGeotab through BlueArrow Telematics, your IFTA fuel tax reporting has never been easier. Avoid the risk of errors with manual receipt calculations by quickly importing your data into MyGeotab. We’ve also developed our own in-house solution for managing your fleet’s fuel usage, including IFTA calculations. Add our BlueArrow Fuel integration to enjoy significant benefits in addition to an efficient IFTA reporting process. You can reduce costs by automating the process, eliminating the chance for missed paperwork, human errors, or overpayments. Click here to learn how you can get the BlueArrow difference for your IFTA process and overall fuel management.