Regulations and Government
DOT Updates SIFL Rates
The SIFL rates, used to compute value of non-business travel aboard a company-provided aircraft, are slightly lower in the second half, unadjusted.

The U.S. Department of Transportation (DOT) has updated its standard industry fare level (SIFL) rates for the second half of the year, softening its unadjusted levels slightly over those in the first six months. SIFL rates are used for determining values of non-business transportation aboard employer-provided aircraft as required by the IRS. The DOT calculates the rates using airline cost and seat mile data and has published multiple versions to account for government relief received by air carriers during the pandemic, NBAA has advised.


Loading…