The United States and the 10 Canada Provinces bordering the US signed the International Fuel Tax Agreement (IFTA) to lessen the fuel reporting process for the trucker who operate on two or more IFTA jurisdictions.
A motor vehicle is considered as a qualified vehicle under the following standards:
Recreational vehicles are not qualified Motor Vehicle unless they are used for business purposes.
Fill and complete the applications either typed or printed in ink. Submit the completed form to.
New Mexico Commercial Vehicles BureauYou will need a set of decal per qualified vehicle, and the decal
costs $3.50.
Get your IFTA Quarterly Fuel Tax Report done with ExpressIFTA fast, most secure, and error-free IFTA report with no manual tax calculations.
Truckers will receive an IFTA license and a set of decals with one-year validity. Each qualified motor vehicle requires a licensed photocopy to be kept safe in the vehicle.
Find the period to report the quarterly tax return shown below. If the filing last day falls on a weekend or holiday, then the next business day will be the due date.
| Tax Return Reporting Quarters | Due Date |
|---|---|
| January - March | April 30 |
| April - June | July 31 |
| July - September | October 31 |
| October - December | January 31 |
You need to submit a "zero report" to file the quarterly fuel tax return if no fuel used throughout the tax year.
A penalty of $50 or 10% of tax due, whichever is greater, and 0.4167% of interest per month will be charged for failing to file a tax return, filing a late tax return, and underpaying taxes due on all delinquent tax dues at each jurisdiction.
Renewals are mailed out mid to late September and can be returned by mail or online.
| State / Province | Gasoline | Special Diesel | Gasohol | Propane | LNG | CNG | Ethanol | Methanol | E-85 | M-85 | A55 | Biodiesel | Electricity | Hydrogen | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NEW MEXICO (NM) | U.S. Can. |
0.2100 0.0687 |
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