IFTA reporting now available online
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A web site for International Fuel Tax Agreement (IFTA) carriers based in B.C. is now available on the Internet at http://www.rev.gov.bc.ca/ctb/IFTA.htm and contains the following:
an IFTA Operating Manual for B.C. carriers;
tax bulletins and notices specific to B.C. carriers;
application forms and instructions for completing a carrier licence application (FIN 363);
instructions for completing the quarterly tax returns
an electronic quarterly tax return (FIN 360) to assist B.C. carriers in completing their quarterly returns
The B.C. Consumer Taxation Branch IFTA manager has also offered to make a presentation to interested BCTA carrier members about IFTA to discuss the following:
IFTA requirements (e.g., record keeping and reporting).
ways to reduce errors and processing time and introduce electronic reporting
answer questions/discuss any issues regarding IFTA and potential opportunities/future improvements.
If you are interested in BCTA co-ordinating a meeting with the IFTA manager, please contact Louise Yako by e-mail at lyako@bctrucking.com or by fax at 604-888-2941.
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