IFTA Annual Interest Rate

IFTA Annual Interest Rate


Effective Date

IRS Underpayment Rate

IFTA Annual Interest Rate

1/1/2018 4% 6%
1/1/2017 4% 6%
1/1/2016 3% 5%
1/1/2015 3% 5%
1/1/2014 3% 5%
7/1/2013 3% 5%

Prior to July 1, 2013

12%


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  IRS Revenue Bulletins

2017-39

2016-39

2015-39

2014-86

2013-40

2012-39

  Interest Calculation Examples

      Example 1

      Example 2



      US Jurisdictions Changing US Interest Rate

     R1230 INTEREST

     Effective July 1, 2013, the IFTA Articles of Agreement, Section R1230.100 will provide as follows:

            .100 U.S. Jurisdiction Interest Rate

For a fleet based in a U.S. jurisdiction, interest shall be set at an annual rate of two (2) percentage points
abovethe underpayment rate established under Section 6621(a)(2) of the Internal Revenue Code, adjusted on an
annual basis on January 1 of each year. Interest shall accrue monthly at 1/12 this annual rate. The
Repository shall notify Jurisdictions of the new rate by December 1.