The Federal Board of Revenue (FBR) has increased the excise duty on club, business, and first class from Rs10,000 to Rs50,000.
In a clarification, the FBR quotes the Federal Excise Rules, 2005 stating that the duty shall be charged and collected at the time of issuing the international ticket. This means, any ticket issued before July 1, 2022, does not have additional duties applicable on it. However club, business, or first class tickets bought after July 1, 2022 will have to pay the enhanced rate of federal excise duty at Rs50,000.
The budget had already brought a raft of new taxes, most importantly under the head of “Poverty Alleviation Tax” that was staggered to fall on all persons and firms with incomes in excess of Rs 300 million. But now an additional 8 percent “super tax” was being levied on top.