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FG removes VAT from airfares, aviation services


 
The latest suspension order, scheduled to take effect on January 1, 2021, is contained in the 2020 finance act recently signed by President Muhammadu Buhari.
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A member of the bill drafting committee and West Africa Tax Lead, PwC Nigeria, Taiwo Oyedele, confirmed the development via a tweet yesterday.
 
 
The FG in June 2018 issued an executive order on the suspension of VAT in air transport. The Federal Inland Revenue Service (FIRS) claimed to be unaware of such a directive, hence it was never implemented.
  
Airline operators had complained that Nigeria is the only country that still charges VAT on air transport services. The VAT plus 36 other charges, according to the airlines, account for at least 40 per cent of total revenue and N10 billion in taxes yearly, leaving the airlines heavily indebted and in financial distress or both in most cases.  ....

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Detailed text transcripts for TV channel - DW - 20190121:19:21:00

Was hot when we had to leave and now it s getting colder and colder i need something warm to wear. it in that are the cause of the. air media bruno his mother waits outside the restricted zones her son didn t want to ask her to go to the apartment with him the eighty one year old might not withstand the ordeal. a trip like that is just too painful for me. and the. would be so nice if i could go back to my old apartment my apartment was my nest i felt safe there he was a good that s where my memories of my whole life for everything which connects me with my family with my children and with my husband. who sadly passed away among them it s so terrible to have to go through all of this at a bit of it so you know that i know they re going to tear this playstyle so course it s not a nice feeling. it hurts ....

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