IFTA Annual Interest Rate
IFTA Annual Interest Rate
Effective Date |
IRS Underpayment Rate |
IFTA Annual Interest Rate |
| 1/1/2024 |
8% |
10% |
| 1/1/2023 |
6% |
8% |
| 1/1/2022 |
3% |
5% |
| 1/1/2021 |
3% |
5% |
| 1/1/2020 |
5% |
7% |
| 1/1/2019 |
5% |
7% |
| 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% |
View XML file format
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 |
| above the 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. |