Avalara Launches Fuel Excise Tax Calculator to Provide Tax Risk Visibility

Service Determines Excise Taxes for North American Bulk Fuel Transactions

Avalara has launched its new Avalara ExciseRates, a free fuel tax calculator that allows buyers and sellers of bulk fuel to quickly and accurately determine the excise taxes that apply to any bulk fuel transaction in North America. Avalara, Inc. is a provider of cloud-based compliance solutions related to sales tax, excise, VAT and other transactional taxes.

“Midstream and downstream energy companies operate in a highly regulated industry,” said Matt Tormollen, EVP & GM of Avalara’s Excise & CertCapture Divisions. “Whether acting as a fuel refiner, supplier, distributor, retailer, or energy trader, each time the company sells or moves fuel, it is subject to one or more taxes. And, since fuel excise taxes are charged at multiple levels – federal, state, county, and city, correctly calculating the taxes that apply to a transaction can be extremely time consuming and complex – not to mention costly when calculated incorrectly. ExciseRates gives any participant in the transaction a simplified view of their risk and obligation.”