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16pc FED on chartered flights proposed

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a standard rate of 16 percent Federal Excise Duty (FED) on chartered flights used by the elite class in upcoming budget (2014-15). As per details, chartered flights are used by the upper class, executives of multinationals and top corporate entities. Due to ambiguity in law, despite high value of chartered flights, ... Read More »