Tuesday, June 9, 2015

Excise duty on air tickets increases in Bangladesh

Air travelers in Bangladesh will now have to pay more excise duty as the government has increased the duty on domestic and international air ticket prices and deposits in banks and financial institutions.
In the budget proposal for the fiscal year 2015-16 placed before the parliament on June 4, the government increased the duty amending the Excises and Salt Act-1944. The increased excise duty rates have been effective from June 4.
According to the National Board of Revenue, domestic air travelers will have to pay Tk 500 per ticket for single journey as excise duty instead of the current Tk 300.
For travelling in the South Asian Association for Regional Cooperation member countries—India, Pakistan, Nepal, Bhutan, Sri Lanka, Maldives and Afghanistan, passengers will have to pay Tk 500 per seat which was Tk 300.
Excise duty has also been increased to Tk 1,000 per air ticket for travelling to other Asian countries from the existing Tk 500 and for rest of world to Tk 1,500 per seat from Tk 1,000.
Biman Bangladesh Airlines on June 8 said that passengers who had already purchased the ticket without paying excise duty would have to pay the duty at airports before their journey.

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