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VAT: Airlines count losses over Customs implementation delay Ikeja

Posted by Sunmola Olalekan Private Ikeja
Price: NGN 10
Nigerian airlines have expressed their misgivings over Nigerian Customs Service (NCS) delay to implement President Muhammadu Buhari’s Executive Order on the removal of Value Added Tax (VAT) from all forms of shared transportation taxes paid by local operating in the country. This comes as the Minister of State for Aviation, Mr. Hadi Sirika, announced that the local airline industry recorded a 30 per cent growth in passenger patronage in 2018.
Sirika, who was speaking at an aviation stakeholders forum in Lagos at the weekend said passenger patronage grew in the last one year from 15 million to 18 million with the Lagos and Abuja airports gradually emerging as hubs in the West African sub-region. “More people are now flying in Nigeria and the country has recorded an average growth of 30 per cent on the domestic route,” Sirika said. However, the Secretary to the Airlines Operators of Nigeria (AON), Mr. Iroro Ewos, speaking at the same event, said growth would have appreciated if Customs and the Federal Inland Revenue Services (FIRS), had executed a government directive to abolish VAT payment by local airlines to free up more funds for investments in more aircraft acquisition and routes expansion within and outside the country.

Source: The Sun News

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