What is an Arizona International Fuel Tax Agreement Bond?

The Arizona International Fuel Tax Agreement Bond is a financial warranty bond ensuring that all fees are directed to the proper organizations, that the fuel seller will pay all taxes due to the government on the trade, supply, delivery, and mix of fuel.

 

With this agreement, qualified vehicles can travel to all IFTA territories without having to procure fuel tax authorizations at every seaport or terminal of entry.

 

Why do you need the Arizona International Fuel Tax Agreement Bond?

You need the Arizona International Fuel Tax Agreement Bond because you want to be an advocate of international conventions. You also need it because you care about your business and you want to protect it. The bond boosts your reputation making you a reliable fuel seller.

 

The bond can also make your company look very attractive to customers because they will naturally want to do business with an entity they can fully trust.

 

More details about the Arizona International Fuel Tax Agreement Bond

Arizona IFTA is written in an amount that is prearranged or recommended by the IFTA Director. But it should not go beyond $100,000.  Just like most tax/financial guarantee bonds, invalidation of the Arizona IFTA bond does not impact the accountability of the surety for any acts or lapses of the carrier taking place before the invalidation’s date of effectivity.

 

What is the cost of an International Fuel Tax Agreement Bond?

An Arizona IFTA bond is an extension of credit. Thus, your credit circumstances and previous financial accounts determine your rate. If you have problematic transactions in the past, you may be required to pay a higher premium.

 

Also your standing within the business community, most especially in the surety bond industry, influences your bond premium. Being convicted of a crime even if it happened decades ago, also matters in the determination of how much you should pay.

 

How do I get an International Fuel Tax Agreement Bond?

Bonds are easy to obtain when availed from certified surety professionals. Give our specialists a call now! With Surety Bond Authority protecting you and your business, your concerns are attended to and your questions answered with the utmost candor.