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Simply stated, IFTA works as a "pay now or pay later" system. As commercial motor vehicles buy fuel, any fuel taxes paid are credited to that licensee's account. At the end of the fiscal quarter, the licensee completes a fuel tax report, listing all miles traveled in all participating jurisdictions and lists all gallons purchased.
Since January 2023, petrol is taxed at a rate of €0.53799/litre and diesel at a rate of €0.42875/litre, [17] with a VAT of 16% added to the total price. As of 2022, a "maximum fuel price" has been established by the government, capped at €1.534/litre for EURO 95 petrol and at €1.498/litre for diesel since 7 January 2025.
Welcome to the fourth-quarter 2024 ConocoPhillips earnings conference call. My name is Liz, and I will be your operator for today's call. ... And we expect our effective corporate tax rate to be ...
Taxes on gasoline and kerosene for aviation use have different tax rates than ground transportation by US state. [23] The rate shown is in US cents per gallon as of September 2017 (an updated list is available as of February 2021). [24] State Aviation Fuel Tax (excludes federal tax of 19.4¢/gal) Jet Fuel Tax (excludes federal tax of 24.4¢/gal ...
We observed a similar pattern with inflation a few years ago. Personal auto rate changes peaked in April 2024, approximately two years after inflation itself (as measured by the CPI) peaked in 2022.
Thank you, Julianne. Good morning, everyone, and thank you for joining us for our fourth-quarter 2024 earnings call. ... Turning now to Slide 6 for a look into our net revenue growth rates for the ...
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The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
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related to: 4th quarter 2024 ifta rates