The Fuel and Mileage Taxes (“Fuel Taxes”) module uses fuel purchases and mileage by state and province to generate IFTA reports, including taxes paid and to be paid.
The Fuel Taxes module is an option for the Equipment and Facilities (EF) or Farm and Equipment (FE) Management modules. It tracks all fuel purchased and consumed by each vehicle, along with mileage, as required for reporting IFTA (International Fuel Tax Agreement) taxes. Fuel may be purchased with or without taxes being paid at the time of purchase.
Mileage can be tracked by state through the Freight Management (FM) system based on trips. The miles may be generated automatically using PC Miler, Rand McNally Mile Maker, an onboard recording device, or tracked manually.
IFTA taxes paid and due are calculated based on the fuel and distance information tracked for each vehicle by date. The rates and tax basis for each state is maintained in the system and easily updatable, making it fast and easy to report your IFTA tax liability.
Capturing this information offers additional benefits to your business. Knowing the fuel consumption per vehicle, fuel costs per vehicle, and mileage information by state enables you to analyze the relative cost-effectiveness of your fleet in terms of fuel usage and assists you in making repair-or-replace decisions.
