One primary requirement center on ensuring internal and external compliance with bulk fuel tax reporting for commercial fleets operating in more than one jurisdiction (province or state) through the International Fuel Tax Agreement (IFTA). This agreement is founded on an alliance among the contiguous 50 states in the US and Canada’s 10 provinces for simplifying the tax reporting treaty. Under IFTA, carriers can file a single tax report to qualify for fuel taxes owed to each jurisdiction in one single payment instead of submitting separate reports and paying each tax separately.

All of this information must be submitted to each jurisdiction in which the fleet operates, based on each jurisdiction’s formula. Simply, IFTA means that fleets must keep detailed and accurate records of all fuel purchased, miles driven, and the fuel used in every jurisdiction in which they operate so the fuel tax due in each jurisdiction in which the vehicle operated can be calculated the amount of fuel tax reported to each jurisdiction Based on the court and federal judge testimony, an IFTA violation has both financial and time costs to ensure that the tax payments arrive on time.

TruckX helps fleets stay compliant with IFTA through our advanced fleet management solutions. With real-time tracking, automated reporting, and deep analytics to manage fuel usage data captured by vehicles, you don’t have to worry about getting caught up in IFTA compliance issues. Generate your reports within moments and ensure on-time payments thanks to our advanced AI that streamlines or automates the process so you can focus on what’s important: hauling freight. If you’re looking to save time and effort when it comes to filing taxes, TruckX offers the best solution.