Tag archives for taxes

Federal Excise Tax (FET)

January 18th, 2017 | Posted by Admin in News

What is Federal Excise Tax (FET) on Private Charter Flights? From the NBAA Federal Tax Guide: AllĀ business aircraft operators, private and commercial, are required to pay Federal Excise Tax (FET) on the transportation of persons or property by air. Federal Excise Tax can be determined asĀ a percentage tax on the amounts paid for air transportation,Read the Rest