Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,166,729 members, 7,865,885 topics. Date: Thursday, 20 June 2024 at 07:58 AM

Fg To Implement Zero Duty On Aircraft Importation, Spare Parts - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / Fg To Implement Zero Duty On Aircraft Importation, Spare Parts (411 Views)

NNPC Signs Agreement With Shell, Seplat, Oando, Others To Implement $3.7bn Gas / $9bn Has Been Used By FG To Defend Naira, Says Senate / FG To Re-evaluate Foreign Exchange Policy – Osinbajo (2) (3) (4)

(1) (Reply)

Fg To Implement Zero Duty On Aircraft Importation, Spare Parts by lordcommander: 4:28pm On Jul 14, 2016
In a bid to ameliorate the challenges faced by Nigerian carriers, the Federal Government has concluded plans to implement the zero duty and Value Added Tax (VAT) payment on the importation of commercial airplanes and spare parts.

The new move by the government is part of the intervention to alleviate the cost burden domestic operators face as well as ensure safe flight operations.

The gesture has however, be extended specifically for commercial aircraft operators and not private jet operators who are required to pay for luxury taxes.

The notification on the Zero Duty and VAT was contained in a letter dated June 20th, 2016 and signed by the Nigeria Customs Service.

Source: http://edifyme.com.ng/2016/07/13/fg-implement-zero-duty-aircraft-importation-spare-parts/

(1) (Reply)

Procedures Required For Registration Of Business Name In Nigeria / CBN To Fund $697m Forward Contracts Friday, Naira Pressure To Ease / Advantages Of Debit Card

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.