Several taxes are levied on air freight services and understanding them is vital if the corporate wants to use air freight services regularly. A number of the taxes are listed below:
Fuel tax:Airfreight services come under non-commercial aviation services and therefore come under the purview of fuel tax. Airfreight services also got to consider a further 0.1% leaking basement storage reservoir fund.
Waybill tax:In a few countries, tax is imposed on all air freight shipments within the country. The rate is 6.25% for all domestic shipments. In air freight services, the shippers are responsible to deposit the tax imposed and failure to try to do so will end in penalties to be paid by the transporters.
Storage of shipment:Shipments sent using air freight are stored in special containers so that they fit inside the cargo area. Cargo planes have electric rollers that help to manoeuvre the freight into the aircraft clutch. This helps to handle larger quantities of freight when compared to commercial airlines.
Many air freight services usually add a surcharge on their quotations to hide up the lost revenue that they spend in paying taxes. it's always an honest thing to read the contract details completely if the corporate wishes to rent air freight services.