International Fuel Tax Agreement (IFTA) Compliance
Compliance Made Easy
If you work in multiple states, then you may often move your equipment across state lines from project to project and as result, must comply with government IFTA requirements. By knowing where your trucks or vehicles are accumulating IFTA miles by jurisdiction, fuel type and asset you will have the IFTA data you need for your federal fuel tax reporting.
With our mission of delivering automated insights to contractors, Tenna can support you in the process of calculating fuel tax that you are liable to report to the federal government based on your area of operations. In addition to our standard telematic fleet tracking data, we provide automated reports of miles driven per jurisdiction as an added benefit so you and your accounting team can easily pinpoint trip data that can contribute to accurate tax estimates.
This automation improves the old process of manually collecting, analyzing and accounting for how many miles your trucks or vehicles drove by state, region, province, etc.
IFTA is a regulation that contractors must comply with when operating trucks and vehicles in multiple jurisdictions outside of their “base state” for tax reporting, calculated based on miles and fuel costs in states or provinces that drivers of “IFTA-qualified motor vehicles” have entered.
Leverage telematics data you are already getting from your trucks and vehicles to effortlessly automate IFTA compliance while reducing human error.
Work with accurate data to submit accurate tax amounts and avoid over or underpaying.
Supporting compliance with Tenna’s IFTA functionality brings the following benefits to your processes and operations: