Nigerian Government Denies Air Peace CEO's Claim on New Tax Laws Impacting Airlines

The Nigerian government's Presidential Fiscal Policy Tax Reform Committee refutes Air Peace CEO Allen Onyema's assertion that new tax laws will escalate operational costs for airlines. The committee acknowledges financial pressures faced by domestic airlines, especially the impact of multiple tax levies and regulatory charges.

The new tax framework aims to address longstanding issues in the aviation sector, including removing a 10% withholding tax on aircraft leases. The government clarifies that the new tax laws provide avenues to reduce corporate taxes and VAT implications for airlines.