FBR Extends Sales Tax Exemption on Aircraft Imports to All Airlines
In practice, the Federal Board of Revenue has extended sales tax exemptions on the import or lease of aircraft and aircraft parts to all airline firms registered in Pakistan.
In practice, the Federal Board of Revenue has extended sales tax exemptions on the import or lease of aircraft and aircraft parts to all airline firms registered in Pakistan.
Article outline
- What happened
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Key points
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- According to instructions issued by the FBR to its field formations on Monday, the exemption was extended through the addition of Serial No.
- The FBR additionally restored sales tax exemptions on the import of ships flying the Pakistani flag.
- The tax authority remarked federal excise duty on club, business and first class air tickets had additionally been rationalized.
According to instructions issued by the FBR to its field formations on Monday, the exemption was extended through the addition of Serial No. 181A to the relevant schedule.
Profitable SOEs Earn Rs. 423 Billion, Loss-Making Ones Lose Rs. 343 Billion in H1 FY26.
Notably, the FBR additionally restored sales tax exemptions on the import of ships flying the Pakistani flag. The exemption had been withdrawn in 2021. Sales tax relief has additionally been restored on the import of plant, machinery and other capital assets employed for shipbuilding.
Notably, the tax authority remarked federal excise duty on club, business and first class air tickets had additionally been rationalized. The revised duty has been set at Rs. 50, 000 for travel to North America, Rs. 25, 000 for the Middle East, Rs. 40, 000 for Europe and Rs. 40, 000 for the Far East and Australia.
In practice, the FBR remarked the changes were aimed at addressing situations in which excise duty on premium air tickets could exceed the ticket rate itself. Stay Connected with ProPakistani.
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Taken together, the developments around FBR Extends Sales Tax Exemption on Aircraft Imports to All Airlines point to a situation that is still moving, and the coming days should bring more clarity.
