Definition
Air passenger duty is a tax imposed on passengers traveling by air from airports within a specific jurisdiction. Air passenger duty rates may vary depending on factors such as flight distance, passenger class, and destination. Air passenger duty revenue contributes to government funds and may be used to support aviation infrastructure, environmental initiatives, or other public services.
Our trending searches definitions
Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.