NATA, NBAA Ask IRS To Clarify Broker, Charter Tax Rules | Aviation International News

Regulations and Government

NATA, NBAA Ask IRS To Clarify Broker, Charter Tax Rules

NATA and NBAA are seeking further guidance or rulemaking on the responsibilities of brokers and charters surrounding FET collection.

By Kerry Lynch • Editor, AIN monthly magazine

February 1, 2021

NATA and NBAA are asking the Internal Revenue Service (IRS) to clarify federal excise tax (FET) collection responsibilities of charter brokers and operators, saying current regulations remain unclear and are causing confusion.

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