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Contract No: IFTA INTERNATIONAL STANDARD TERMS 1. DEFINITIONS AND USAGE 1.1. Definitions: Words and phrases with initial letters capitalized are Defined Terms. If not defined where they first appear,
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01
To fill out IFPTA (International Fuel Tax Agreement) International Standard Terms, follow these steps:
02
Download the IFPTA International Standard Terms form from the official IFPTA website.
03
Read the instructions provided with the form carefully.
04
Fill in your business information, including company name, address, contact details, and account number.
05
Provide the details of the trip, such as the trip origin, destination, and the vehicle involved.
06
Enter the date of the trip as well as the starting and ending mileage.
07
In the fuel supplier section, specify the fuel supplier's name, account number, and address.
08
Record the number of gallons/liters purchased, the fuel type, and the unit price.
09
Calculate the total fuel cost and multiply it by the tax rate to determine the tax due.
10
Finally, sign and date the form to certify its accuracy and completeness.
11
Submit the completed form to the appropriate authorities or follow the specific instructions provided by your jurisdiction.

Who needs ifta international standard terms?

01
IFPTA International Standard Terms are required by businesses and individuals who operate qualified motor vehicles in multiple jurisdictions.
02
This includes commercial carriers, trucking companies, and any other individuals or entities that engage in the transportation of goods across different states, provinces, or countries.
03
These terms help ensure compliance with the fuel tax reporting requirements set forth by the International Fuel Tax Agreement.
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IFTA stands for the International Fuel Tax Agreement, which is a cooperative agreement among the contiguous U.S. states and Canadian provinces to streamline the reporting of fuel taxes by interstate commercial carriers.
Motor carriers operating in more than one jurisdiction and who have IFTA licenses are required to file IFTA reports.
To fill out IFTA forms, carriers must report total miles traveled in each jurisdiction, gallons of fuel purchased, and calculate tax owed based on this information.
The purpose of IFTA is to simplify the process of collecting fuel taxes by allowing carriers to report and pay taxes for all participating jurisdictions with a single quarterly report.
Carriers must report the total miles traveled in each jurisdiction, the gallons of fuel purchased, and any adjustments for prior periods.
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