Pakistan: Sales tax exempted on import of aircraft, ships
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
The Federal Board of Revenue (FBR) has extended sales tax exemption on import or lease of aircraft and its parts to all airline companies registered in Pakistan.
According to the FBR’s instructions issued to the field formations on Monday, through the addition of S. No. 181A, exemption on import or lease of aircraft and parts thereof has been extended to airline companies registered in Pakistan.
Imports of ships flying Pakistani flags were exempt from sales tax until withdrawn in 2021. The exemption on import of ships and import of plant, machinery and other capital assets for ship-building has been restored.
READ MORE: 35 changes made in Finance Bill, 2026: Airlines get sales tax exemption on aircraft import
Currently, club, business and first-class air tickets are chargeable to a fixed federal excise duty per ticket at very high rates, which, under certain situations, may even exceed the price of the ticket. Excise duties have been rationalised to Rs50,000 for North America, Rs25,000 for the Middle East, Rs40,000 for Europe, and Rs40,000 for the Far East and Australia, FBR added.
Reference Link:- https://www.brecorder.com/news/40439515
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
