We must notify all member jurisdictions in which you traveled during the preceding annual reporting period of your request to file annually. If any of these jurisdictions object to the request, annual filing status will be denied. Because there is not a single annual report which replaces the four quarterly reports, a licensee with an annual filing status must file all four quarterly reports together, which are due by January 31, the due date for annual filers. C. Penalty and Interest Provisions Penalties are assessed for failure to file a report, filing a report after the due date, or underpayment of taxes. The minimum penalty applies to all late reports including no operations, no tax due, or credit reports.
Interest is assessed on all delinquent taxes due each jurisdiction.
Interest will be calculated from the date the tax was due for each month, or fraction of a month, until paid. A licensee does not earn interest from a jurisdiction on a credit when filing a delinquent tax report. D. Measurement Conversion Table Texas IFTA licensees are required to report based upon United States measurements. All numbers must be rounded to the nearest whole gallon or mile. E. Tax-Exempt Miles IFTA recognizes that some jurisdictions have unique economic and geographic characteristics which have necessitated various definitions of tax exempt miles.