Geotab Marketplace for heavy transport

Compliance

Geotab’s integration with KPMG helps to accurately track and apportion fuel use, making it easier to claim Fuel Tax Credits (FTCs) from the ATO.

Using Geotab’s data, this integration:

• Eliminates complex FTC calculations and maintains accurate reports for tax compliance.
  
• Uses geospatial data from Geotab’s GO9 devices and custom mapping software, to accurately track off-road and auxiliary equipment fuel use.
  
• Uses live Geotab data via FTC Automator, obtained via Geotab’s API, so that no off-road FTCs are missed.
  
• The tool has a favourable ATO Product Ruling (PR 2024/1).
  
• This Ruling provides protections for clients of KPMG and Geotab from paying any additional tax, penalties or interest in respect of the matters covered by the Ruling.
  
• It integrates Geotab GPS data to analyse fuel usage by purpose and location, ensuring accurate claims for on-road, off-road, or auxiliary equipment fuel.
  
• The solution calculates FTC entitlements monthly or quarterly, simplifying compliance by condensing results into a single figure for the Business Activity Statement.