Nigerian Airline Operators Concerned Over New Tax Laws' Impact on Profitability
Airline operators in Nigeria, represented by the Aviation Operators of Nigeria (AON), are disputing the Federal Government's claims that new tax laws will benefit the aviation industry. The operators argue that existing tariffs erode profitability and hinder domestic air travel.
The Presidential Fiscal Policy Tax Reform Committee defends the new tax regime, stating it aims to reduce operational costs for airlines in the long term. Captain Roland Iyayi of AON warns that the new tax plan could potentially harm airlines unless carefully reviewed to align with international standards.
The industry faces challenges such as multiple tax levies and regulatory charges, impacting cash flow and overall sustainability.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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