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28 cze 2024 · The federal government has hiked the excise duty on business and club class air tickets up to Rs. 350,000 in federal budget 2023-24. The latest and final amendments in the Finance Bill show ...
2 lip 2024 · Airlines have been swift to adjust their ticket pricing to reflect the new duties, affecting passengers booking tickets from July 1 onwards.
28 cze 2024 · The Pakistan government has imposed new taxes on foreign travel with travellers to pay additional excise duty on purchasing tickets.
2 lip 2024 · Pakistan International Airlines (PIA) and other airlines operating in Pakistan have announced a significant increase in the federal excise duty (FED) on international flight tickets, following the federal government’s decision in the 2024-25 budget.
22 lut 2023 · LAHORE: The Government of Pakistan has levied a new round of Federal Excise Duty (FED) on airline tickets. The new duties were approved by the National Assembly on February 20 as part of the amended Finance (Supplementary) Bill 2023 moved by Minister of Finance, Mohammad Ishaq Dar.
Federal Board of Revenue(FBR) has stated that Federal Excise Duty is chargeable on Club, Business&First class international air tickets under Section 3 of the Federal Excise Act, 2005. Furthermore, sub-rule(8) of the rule 41A stipulates that FED is chargeable at the time of issuance of air tickets.
The FBR said under Section 236B of the Income Tax Ordinance, 2001, individuals or entities preparing air tickets are required to collect or deduct withholding tax at a rate of five percent of the gross amount of the ticket from purchasers of domestic air travel tickets at the time of sale.
