IRS ANNOUNCES 2018 ANNUAL INFLATION ADJUSTMENTS
February 15, 2018
The Internal Revenue Service (IRS) has released the inflation-adjusted Federal Excise Tax rates for 2018. The IRS announces the inflation-adjusted rates annually.
The International Head Tax (also known as the International Arrival/Departure Tax) increased from $18.00 to $18.30 per passenger. The Domestic Segment Tax also rose, from $4.10 in 2017 to $4.20 in 2018 per passenger. However, the Ticket Tax for each ticket sold remained the same, at 7.5% of the amount of the ticket sold. The tax for the transportation of property also remains unchanged, at 6.5% of the cost of the transportation.
If you have any questions, please contact Evelyn Sahr (esahr@eckertseamans.com, 202-659-6622) or Drew Derco (dderco@eckertseamans.com, 202-659-6665).
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