The YQ "tax" is not actually a government imposed tax but an airline surcharge. Typically, the YQ "tax" includes a security surcharge and/or a fuel surcharge.
it is actually airline surcharge
Fuel surcharge, usually air line Charges with the ticket.
YQ charge, also known as carrier-imposed surcharge or fuel surcharge, is an additional fee that airlines add to the base fare to cover the cost of fuel, taxes, or other charges. This fee varies between airlines and can significantly impact the total cost of a flight ticket.
Surcharge is an extra tax that added to your existing tax calculation. In this regard please refer that the govt add surcharge of 2% above and over your usual tax of 12%. So automatically you have to pay 12%+(2% of 12%),which equals to 12.24% on your taxable amount. Automatically it may be summarized an extra tax burden to tax payer as it is tax on tax...
it isn't an abbreviation, it is the tax code for fuel charges reflected on the airline tickets.
YQ tax refers to a specific tax classification or identifier used in certain jurisdictions, often related to tax reporting or compliance. It may denote a particular type of tax obligation or requirement, such as a withholding rate or a specific tax category for entities or individuals. The exact meaning can vary by region and context, so it's important to consult local tax regulations for precise definitions.
There is a surcharge added to the hotel prices, essentially a hidden tax on visiting tourists. A surcharge on ticket prices helped to pay the cost of the new arena.
At $4.83 an hour, it's $135.24 , plus tax and fuel surcharge.
Yes it is. The U.S. Constitution clearly states that there shall not be a tax charged on tax.....
They taxed and they taxed and they taxed...
yq
The tax system in India is categorized as moderate. The top rate for the individual tax category is 30%, however because of a surcharge, the tax rate comes to 33%. Corporate income tax, comes higher than many other countries, with the highest rates hitting 30% also including the 10% surcharge totaling 33%. Besides these main taxes, there are also other taxes in india such as dividend tax, property tax and taxes on insurance contracts.