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Nairaland Forum / Nairaland / General / Business / Fg To Implement Zero Duty On Aircraft Importation, Spare Parts (433 Views)
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Fg To Implement Zero Duty On Aircraft Importation, Spare Parts by lordcommander: 4:28pm On Jul 14, 2016 |
In a bid to ameliorate the challenges faced by Nigerian carriers, the Federal Government has concluded plans to implement the zero duty and Value Added Tax (VAT) payment on the importation of commercial airplanes and spare parts. The new move by the government is part of the intervention to alleviate the cost burden domestic operators face as well as ensure safe flight operations. The gesture has however, be extended specifically for commercial aircraft operators and not private jet operators who are required to pay for luxury taxes. The notification on the Zero Duty and VAT was contained in a letter dated June 20th, 2016 and signed by the Nigeria Customs Service. Source: http://edifyme.com.ng/2016/07/13/fg-implement-zero-duty-aircraft-importation-spare-parts/
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