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Managed by the International Fuel Tax Association, Inc.

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Presentation on theme: "Managed by the International Fuel Tax Association, Inc."— Presentation transcript:

1 Managed by the International Fuel Tax Association, Inc.

2

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

4 Base Jurisdiction (BJ) is a US jurisdiction

5 Licensee files tax return with base jurisdiction and remits $ Base jurisdiction reviews and processes tax return and remittance 6 Base jurisdiction processes all other tax returns received 7 At the end of each month base jurisdiction uploads to the CH or sends transmittal reports to all other member jurisdictions. 8 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 sends the transmittal report to Jurisdiction AA and all other member jurisdictions 9 Base jurisdiction processes all transmittal reports and payments received from other jurisdictions (including $375 from Jurisdiction AA) 10 Base jurisdiction sends refunds to licensees and issues assessments for any taxes due 11 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 Managed by the International Fuel Tax Association, Inc.


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