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Private Jet-Owners To Pay Luxury Tax - Politics - Nairaland

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Private Jet-Owners To Pay Luxury Tax by GeneralJ(m): 2:05am On Apr 24, 2013
Private jet owners to pay luxury tax

The Federal Government is planning to impose a form of luxury tax on owners and operators of private jets in the country, top officials of the Ministry of Aviation have confirmed.

The plan, currently being fine-tuned by the Aviation Reform Committee, which is also looking into certain areas of the aviation sector, will be perfected very soon.

According to the top government officials close to the move, the plan to impose the luxury tax will be preceded by the new general aviation policy, which is currently being drafted by the government.

Ahead of the release of the general aviation policy, the Aviation ministry has reviewed the 2006 Civil Aviation Act, which will lead to the promulgation of a new Act.

It was learnt that the ministry was planning to send the draft Civil Aviation Bill to the National Assembly.

However, the ministry is currently taking the draft bill to some stakeholders for their input and comments.

In the proposed general aviation policy, the government is also planning to stop private jet owners from making use of the Air Operators Certificate. An AOC is a permit that allows aircraft owners and operators to do commercial flights.

Government, it was gathered, reasoned that since private jets owners did not operate commercial flights, it was needless to continue to require them to possess the AOC.

However, sources close to the situation said the proposal to exempt the private jet owners from possessing the AOC before they could be permitted to fly under the policy would be followed up with the introduction of the luxury tax.

A source privy to the plan explained that the luxury tax on all private jet owners. “is patterned after what is in operation in Brazil and most European countries.”

The source said, “You know the government is exempting private jet owners from possessing AOC in the proposed general aviation policy that will be unveiled very soon. As soon as this is implemented, the government will start asking all private jets to pay the luxury tax.”

The official added, “The idea is that since chartered aircraft operators and regular commercial airlines are already paying ticket sales tax and passenger service tax to the government, private jet owners should also pay a form of tax, which most countries of the world called luxury tax. The plan to exempt private jet owners from possessing an AOC before they can fly is just part of the whole policy proposal.

“All these foreign private jets coming into the country must either come under an AOC and be mandated to pay ticket sales charge and passenger service charge, or you stay under private category and pay luxury tax. Once you are flying within the country for some time, you must fall in one of the categories.”

When contacted, the Special Assistant (Media) to the Minister of Aviation, Mr. Joe Obi, said there was the need to wait for the government to unveil the new general aviation policy.

In a text message response sent to our correspondent, Obi said, “Let’s wait for the new policy to be released first.”

If the government implements the luxury tax policy, popular business moguls, bank executives and religious leaders who own private jets will be mandated to pay the tax.

They are the President of Dangote Group, Alhaji Aliko Dangote; Chairman, Globacom, Dr. Mike Adenuga; Chairman, Zenon Oil, Mr. Femi Otedola; General Overseer, Redeemed Christian Church of God, Pastor Enoch Adeboye; and General Overseer, Living Faith World Outreach, Bishop David Oyedepo.

The government had suspended the importation of private jets for some months now, owing to the new general aviation policy being put together by the Aviation ministry.

Top ministry officials said the new policy had been completed, except for some legal details relating to the Civil Aviation Act, 2006.

Private jet ownership in Nigeria grew by 650 per cent from 20 in 2007 to over 150 jets in 2012.

Some wealthy Nigerians had acquired at least 130 private jets with a sum of N1.02tn ($6.5bn) in the last five years, it was gathered.

Some stakeholders, however, reasoned that the new general aviation policy was part of government’s plans to grow Nigeria’s private jet sector, apart from building more private jet terminals at various airports across the country.

Source:http://www.punchng.com/business/business-economy/private-jet-owners-to-pay-luxury-tax/
Re: Private Jet-Owners To Pay Luxury Tax by Burger01(m): 5:56am On Apr 24, 2013
Luxury Tax.

grin
Re: Private Jet-Owners To Pay Luxury Tax by SLIDEwaxie(m): 8:59am On Apr 24, 2013
If ur pastor owns a jet, u better start scouting for another church because programmes go dey carry sub-programmes, revival and retreat go be everyday, prayer camp three times a year, and offering go wan get 'special thanksgiving offering for all those who wan thank God say dem dey alive till today'!

And if ur governor get, try rellocate because, tax go increase, he go wan hold salary, he go try do project wey no go finish!

And if na ur husband, divorce and ask for ur share before he use hunger kill u and start suggesting ways to use ur child for money ritual!

All these go happen because person wey dey use private jet before no go wan dey book for economy class!

U get wetin i dey say? E no go wan leave d jet i! E go wan prove say 'bros, i say i rich'!!!!

12 Likes

Re: Private Jet-Owners To Pay Luxury Tax by lifestyle1(m): 9:04am On Apr 24, 2013
undecided
Re: Private Jet-Owners To Pay Luxury Tax by Chanchit: 9:05am On Apr 24, 2013
Yes na, if you want to live a luxurious life, then u should be ready to pay a luxurious tax.
Re: Private Jet-Owners To Pay Luxury Tax by lafuria1(m): 9:08am On Apr 24, 2013
The congregation will still be the ones to pay the tax for d clerics, business men can always pay. The rich men will demand more kickbacks from government or even evade tax.
Re: Private Jet-Owners To Pay Luxury Tax by 50calibre(m): 9:08am On Apr 24, 2013
I think the time has come for me to sell my Gulfstream, it's quickly becoming a liability.

1 Like

Re: Private Jet-Owners To Pay Luxury Tax by dridowu: 9:11am On Apr 24, 2013
10% go increase 4 church b dat ooooo
Re: Private Jet-Owners To Pay Luxury Tax by adepoj99(m): 9:14am On Apr 24, 2013
Nice development 4rm d sector 2 cub d mad spendings of dis rich 9jarians...........
Re: Private Jet-Owners To Pay Luxury Tax by sholay2011(m): 9:15am On Apr 24, 2013
50calibre: I think the time has come for me to sell my Gulfstream, it's quickly becoming a liability.
Gulfstream for ur village bah? *Smh*
Re: Private Jet-Owners To Pay Luxury Tax by TRILLIONIAR: 9:18am On Apr 24, 2013
WILL GARRI PRIZE CHANGE?
Re: Private Jet-Owners To Pay Luxury Tax by 50calibre(m): 9:19am On Apr 24, 2013
sholay2011:
Gulfstream for ur village bah? *Smh*

No for my hangar.
Re: Private Jet-Owners To Pay Luxury Tax by Oohrhii(m): 9:19am On Apr 24, 2013
SLIDE waxie: If ur pastor owns a jet, u better start scouting for another church because programmes go dey carry sub-programmes, revival and retreat go be everyday, prayer camp three times a year, and offering go wan get 'special thanksgiving offering for all those who wan thank God say dem dey alive till today'!

And if ur governor get, try rellocate because, tax go increase, he go wan hold salary, he go try do project wey no go finish!

And if na ur husband, divorce and ask for ur share before he use hunger kill u and start suggesting ways to use ur child for money ritual!

All these go happen because person wey dey use private jet before no go wan dey book for economy class!

U get wetin i dey say? E no go wan leave d jet i! E go wan prove say 'bros, i say i rich'!!!!


Na so ooOO!..

Those who get ears make una listen.
Re: Private Jet-Owners To Pay Luxury Tax by MarieSucre(f): 9:22am On Apr 24, 2013
all these church bashers are here again. owners of private jets come from all spectrums of life. why then single out pastors for ridicule. FYI i'm not pentecostal.
Re: Private Jet-Owners To Pay Luxury Tax by Nobody: 9:23am On Apr 24, 2013
Dem don craze? Na now i dey price my own private jet wey FG go buy for me for calling for the arrest of buhari, na now dem go remember to charge tax. make dem carry time o.

Private Jet wey i de price.
Re: Private Jet-Owners To Pay Luxury Tax by Cmoyor: 9:23am On Apr 24, 2013
An indirect way of Taxing d Masses.... All boils down to d Masses jaree
Re: Private Jet-Owners To Pay Luxury Tax by Scarpon(m): 9:27am On Apr 24, 2013
not only private jet owner all the big companies in Nigeria too + if u have more than 3 cars u pay luxury tax

1 Like

Re: Private Jet-Owners To Pay Luxury Tax by churific(m): 9:36am On Apr 24, 2013
Luxury tax...which will somehow make its way to those with nothing to tax.

Those who own those jets will obviously find a way to pass it on to the people. I mean, they found a way to collect the money, from the people, for the private jets in the first place.

Sad.

1 Like

Re: Private Jet-Owners To Pay Luxury Tax by Frankbaro(m): 9:43am On Apr 24, 2013
50calibre: I think the time has come for me to sell my Gulfstream, it's quickly becoming a liability.
No be only Gulfstream. Na 4 which airport ur own pack? Because I sabi u well well.
Re: Private Jet-Owners To Pay Luxury Tax by yuzedo: 10:07am On Apr 24, 2013
Na wa o! Meaning that there'll be one more offering collection added to service in all Churches soon.... undecided undecided undecided

1 Like

Re: Private Jet-Owners To Pay Luxury Tax by Cupidkc(m): 10:13am On Apr 24, 2013
Luxury life....luxury tax.
I kinda like the sound of that.
Re: Private Jet-Owners To Pay Luxury Tax by wwwkaycom(m): 10:47am On Apr 24, 2013
50calibre: I think the time has come for me to sell my Gulfstream, it's quickly becoming a liability.
for where you get am
Re: Private Jet-Owners To Pay Luxury Tax by Nobody: 11:22am On Apr 24, 2013
This government wan kill us, Abeg make dem pack. Small small,from private jet e go enter luxirious bus, then private luxirious cars, to luxirious phones and finally luxirous girlfriends/wifes undecided

Baba God na ur hand we dey ooo
Re: Private Jet-Owners To Pay Luxury Tax by ninja4life(m): 12:09pm On Apr 24, 2013
Yawn na today rubbish
Re: Private Jet-Owners To Pay Luxury Tax by Nobody: 12:23pm On Apr 24, 2013
Meeee likey
Re: Private Jet-Owners To Pay Luxury Tax by zugoboss(m): 12:26pm On Apr 24, 2013
gboss4sure: Dem don craze? Na now i dey price my own private jet wey FG go buy for me for calling for the arrest of buhari, na now dem go remember to charge tax. make dem carry time o.

Private Jet wey i de price.
Na so. no be u dey ask for free browsing for the other thread? Lolllll
Re: Private Jet-Owners To Pay Luxury Tax by devour129: 1:11pm On Apr 24, 2013
zugoboss:
Na so. no be u dey ask for free browsing for the other thread? Lolllll
even the world richest appreciate free things too.
Re: Private Jet-Owners To Pay Luxury Tax by Skywalker5(m): 1:18pm On Apr 24, 2013
zugoboss:
Na so. no be u dey ask for free browsing for the other thread? Lolllll

grin grin grin
Re: Private Jet-Owners To Pay Luxury Tax by Nuzo1(m): 1:20pm On Apr 24, 2013
Good move with a socialist twist to it.

Its normal to pay higher for preferencial treatments...in this case luxurious lifestyles. Its done round the world.

Luxury tax has done a lot in regulating the yatch/ship industry. Same should be done to jet owners.

And yes, jet owners will find a way to make the common man indirectly pay for these taxes, but it will eventually backfire when the preasure becomes unbearable for the common man....hence reducing the rush to own a private jet.
Re: Private Jet-Owners To Pay Luxury Tax by ITbomb(m): 2:57pm On Apr 24, 2013
I don't like this at all , now we will be forced to make Luxury Tax Offering

2 Likes

Re: Private Jet-Owners To Pay Luxury Tax by GENTLETEE(m): 3:35pm On Apr 24, 2013
The government is in order if that help the aviation sector grow.

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