✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Reps to probe dormant VAT waiver for airlines

The House of Representatives is to probe the non-implementation of waiver of the payment of Value Added Tax (VAT) granted Nigerian Airlines two years ago.

The removal of VAT for domestic airlines was approved in 2018 in an Executive Order.

Minister of Aviation, Senator Hadi Sirika had prior to the increase in VAT from five per cent to 7.5% this year, assured that the Ministry was “liaising with relevant MDAs to ensure the smooth implementation of the Presidential Order”.

SPONSOR AD

Chairman, House of Representatives Committee on Aviation, Hon. Nnolim Nnaji in a report on the outcome of the recently concluded Public Hearing on six civil aviation bills, said the House of Representatives would look into the issue of the VAT removal.

He specifically disclosed that his committee would interface with the Nigerian Customs Service (NCS) on the non-implementation of the duty extension granted to airlines.

Nnaji said, “As parliament, we are going to look into these demands and more especially to find out why the Nigeria Custom Service would not respect the President’s Executive Order on duty exemption and other palliatives meant to lighten the burdens of the airlines.”

“The industry is in dire need of urgent intervention to save it from imminent collapse.”

 

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.

NEWS UPDATE: Nigerians have been finally approved to earn Dollars from home, acquire premium domains for as low as $1500, profit as much as $22,000 (₦37million+).


Click here to start.