Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: TDS :: Central Excise rule to resale the machines to a new company :: cpt :: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: articles on VAT and GST in India
 
 
News Headlines »
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?

IATA concerned over high tax regime in airlines industry
December, 13th 2013

Airlines global body IATA on Wednesday voiced concern over the high tax regime affecting the airline industry and said it hampered air travel demand and at times violated international conventions.

"Airlines, like all companies, pay taxes. And air travellers pay taxes as well. But often times the taxes are excessive or in contravention of international convention-or both," International Air Transport Association (IATA) director general and chief executive Tony Tyler said addressing the global media on the IATA Global Media Day here.

They (higher taxes) dampen travel demand and that is bad for the airlines and more importantly for the local economy, he said.

High taxes on the jet fuel, which goes up as high as 40 per cent in some states, coupled with higher airport charges in the form of user development and airport development fee, which have cascading effect on the air fares, have had a negative impact on the domestic passenger demand in India.

The government's recent move to handover six airports including Chennai and Kolkata to private players for operation and management is being opposed by the national airports unions on the ground that the decision will lead to higher airport charges for the passengers.

Citing the example of Ireland where the government has decided to abolish the air travel tax from April next year, Tyler said in 2008, the year before the tax was introduced, Ireland had just over 30 million travellers. By 2013, it had dropped to 23.5 million.

Stating that although not all of this decline in passenger number was due to air travel tax, the IATA official said, "But certainly some of it is. And the government decision to abolish the tax was in anticipation of greater economic gains from increased air traffic volumes."

Expressing concern over governments not understanding the value which aviation can contribute in the economic growth of a country, Tyler said in Africa, taxes, fees and lack of transparency are major contributor to making jet fuel costs in Africa on an average 21.5 per cent more expensive than the global average.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions