KARACHI: The Federal Board of Revenue (FBR) stated it has exempted advance tax on the purchase of an international air ticket of economy class.
As per a report by PkRevenue, the Withholding Tax Card 2018-19 reveals withholding tax on air ticket would be deducted under the Section 236L of Income Tax Ordinance 2001.
Also, this withholding tax would be adjustable against total liability of individual purchasing the ticket, said the report.
Furthermore, the airlines issuing the air ticket can subtract the advance tax on the purchase of international air ticket at Rs16,000 per individual for first/executive class and Rs12,000 per person for others leaving aside economy class.
The advance tax should only be exempted on tickets of Pakistani airlines. This will in turn give a substantial boost to the suffering aviation industry of Pakistan.
I endorse Ahad Abbas
i bought economy tickets of an international airline for travelling abroad in july, 2018….can i claim of rebate of Advance tax (if any ) deducted recovered from me?
i have same question