Keep a copy of the contractual agreement indicating the party responsible for reporting and paying fuel consumption taxes. For more information about who is responsible for the report, see contractual agreements. The International Fuel Tax Agreement (IFTA) is an agreement between the 10 Canadian provinces and 48 states in the United States of America, which simplifies the reporting of fuel consumption taxes by interjurdial carrier (IJCs). The agreement allows CCIs that operate qualified motor vehicles to declare and pay taxes in all single jurisdictions. The ifta quarterly declaration can be filed for one or more types of fuel used to drive your qualified vehicle. The fuel type(s) you have previously reported will be marked upon return. If you change the nature of the fuel you reported, please contact the ministry to report those changes. Protect yourself! Check all leases carefully and make sure ifta`s tax debt is clearly defined. It is important to remember that Michigan`s statute requires the lessor and the buyer to be jointly liable for all fuel tax obligations that occur during the term of their lease agreement. If you own, rent or control a mass deposit, you can get a credit for the tax levied in this warehouse and in the fuel tank of a qualifier. The app asks for basic information about your business, your inter-court cases, and the number of stickers you need during the year of your license. Your company`s Federal Activity Number (BN) is also required. If you need more information about a federal business number, please contact the Canada Revenue Agency for assistance.
The Carrier Fuel Tax Act applies specifically to leasing contracts. See MCL 207.218. In the case of a long-term lease agreement, the buyer is responsible for the declaration and payment of fuel tax, unless a written contract provides that the lessor (independent contractor, representative or service representative) is liable. If you have an ifta fuel tax license, you must file quarterly tax returns showing all mileage and fuel purchases made under your IFTA registration information. You must file a tax return, even if you did not have any activity under your license, but were operated under a lease agreement in which IFTA taxes were reported and paid by the owner on your behalf.. . .