Fuel Program

Tax Services

Tax Exemptions and Benefits Offered by Colt

Tax laws and regulations around the world are constantly changing. If you have questions, we have answers. Get the information and support you need through Colt's dedicated Tax Department. We're ready to provide step-by-step guidance that will ensure you minimize your tax payments and maximize your refunds.

Our tax services can help you:

  • Develop tax planning solutions
  • Recover VAT and energy tax refunds
  • Explain rules for 91 or 135 operations
  • Assist in FET and VAT enrollments
  • Recover retroactive fees (New York)
  • Unload red tape burdens
  • Save you time and more

European Value Added Tax (VAT) Recovery

Through our partnership with CB VATAmerica, Colt's VAT Recovery Program can significantly reduce your European operating costs. Our VAT-compliant invoices can be automatically sent to the proper authorities which will enable your flight department to reduce administrative efforts and substantially increase recoveries of VAT and other indirect taxes such as French TIPP and Swiss MOT.

You benefit through:

  • Application of VAT and MOT exemptions permitted by local law
  • Reduced operating costs in Europe
  • Concentrated, specialized knowledge about unique tax recovery and minimization opportunities available to the aviation industry
  • As requested, VAT refunds can be detailed by tail number, account number, or in any way meaningful for your accounting needs
  • Simple program maintenance and minimal staff effort

Up Front VAT Exemptions

Are you taking full advantage of your VAT fuel purchase exemption benefits? Colt International offers up front VAT exemptions for qualified operators in the following countries:

  • Austria
  • Finland
  • France
  • Germany
  • Ireland
  • Spain
  • Netherlands
  • Switzerland
  • United Kingdom
  • Italy

Colt's invoices in these countries are fully VAT-compliant for those clients seeking VAT recovery.

Our tax team works diligently every day to ensure that we deliver our customers the most comprehensive VAT reduction program available.

New York Sales Tax Recovery

Part 135 Operators – Did you know you could recover up to 100% of New York sales tax fees retroactive up to three years?

This can add up to thousands of lost dollars, regardless of whether you purchased fuel through Colt International or not. Colt's New York sales tax recovery services can help locate and retrieve those dollars for you.

Federal Excise Taxes (FET)

Both Part 91 and 135 operators in the U.S. and Canada are entitled to a 2½ cent per gallon reduction in FET on fuel purchases.

Have you enrolled with Colt to take advantage of these savings? Contact us today and find out how we can enroll your aircraft for immediate fuel tax savings.