Business Hilights

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Value Added Tax (VAT) for airline operators

FG suspends VAT from airfares, aviation services

After more than three years of credible agitation by industry stakeholders, the Federal Government has again suspended the deduction of 7.5 per cent Value Added Tax (VAT) on airfares and other air transport services. The latest suspension order, scheduled to…

Confusion over continued deductions of VAT upon waivers by FG on airlines

Months after the federal government, through the Ministry of Transportation had announced the relaxation of five per cent Value Added Tax (VAT) for airline operators, investigations have shown that the tax is still collected by the Federal Inland Revenue Service…