Table of Contents

Govt Slaps Massive FED on Business Class Air Tickets

Based on foreign areas and destinations, the government has established new federal excise duty (FED) rates for first class, business class, and club class airline tickets. On Monday, the administration introduced the changes to the Finance Supplemental Bill 2023.

Read More: IMF Chief Says Pakistan Needs to Tax the Rich and Protect the Poor

The FED would be applicable on club, business, and first-class air tickets issued on or after the date of commencement of the Finance (Supplementary) Bill 2023, according to the FED’s new rates.

  • The rate of the FED on the aforementioned tickets for IATA Traffic Conference Area-1 would be Rs. 250,000 under the first slab (North, Central, South America and environs). 
  • According to the second slab, the FED rate on the aforementioned tickets for IATA Traffic Conference Area-2 would be Rs. 75,000. (Middle East and Africa). The FED for IATA Traffic Conference Area-2 would be Rs. 150,000. (Europe). 
  • The rate of the FED on the aforementioned tickets for IATA Traffic Conference Area-3 would be Rs. 150,000 under the third slab (Far East, Australia, New Zealand and Pacific Islands).

Instead of putting a 20 percent tax on international air travel, the Senate recommended to the National Assembly that the Finance (Supplementary) Bill, 2023, be changed to specify a specific amount of tax for each destination.

Read More: IT Ministry Demands Rs. 24.25 Billion Budget for FY24

Earlier, the government raised FED on business, first, and club class airline tickets under the Finance Supplemental Bill 2023. The FED was suggested to be equal to the higher of 20 percent of the total ticket sales revenue or Rs. 50,000 per ticket.

For more updates, stay tuned to Al Sadat Marketing News.

You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave7 Wonders City PeshawarTaj ResidenciaKingdom Valley,  New Metro City Gujar KhanForest Town RawalpindiUniversity Town RawalpindiICHS TownPark View City IslamabadMulti Gardens B17 Islamabad and Nova City Islamabad.

Al Sadat Marketing please contact 0331 1110005 or visit https://alsadatmarketing.com/

Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

Book Your Plot Now: +92 331 111 0005

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Leave a Reply

Your email address will not be published. Required fields are marked *