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.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Air Peace CEO Warns New Tax Law Could Push Domestic Flight Fares to N1 Million
Air Peace CEO Warns of ₦1m Base Fare Due to New Tax Law
Nigerian Airline Operators Concerned Over New Tax Laws' Impact on Profitability
Nigerian Aviation Industry Unsettled by New Tax Laws, Airline Operations at Risk
Nigerian Government Engages Airlines Over Soaring Airfares, High Taxes
Nigerian Aviation Industry Struggles with New Tax Regime, Airfare Hikes
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
