L
LequteMan
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Nigeria - In a bid to ensure a more sustainable revenue profile in the 2015 budget, the federal government yesterday disclosed that all local and foreign private jet owners in the country shall pay an annual surcharge of N3,200 per kilogramme based on the weight of each aircraft, ThisDay reports.
Also, owning a yacht in the country now attracts an Import Adjustment Tax of 50 per cent, just as champagne, wines and spirits attract Import Adjustment Tax of 50 per cent.
In terms of international travel surcharge, all first and business class foreign air travels tickets shall attract a flat rate of N15,000 per ticket as foreign travel surcharge, saying: “Implementation modalities are being worked out and this surcharge.”
The Federal Ministry of Finance explained in a statement also stated that the Federal Inland Revenue Service (FIRS) had commenced the process of collection and had served assessment to private jet owners in Nigeria, adding that discussions are on-going with the private jet owners to ensure a successful implementation of the initiative.
#Nigeria #Austeritymeasures #PrivateJet #OkonjoIweala
Also, owning a yacht in the country now attracts an Import Adjustment Tax of 50 per cent, just as champagne, wines and spirits attract Import Adjustment Tax of 50 per cent.
In terms of international travel surcharge, all first and business class foreign air travels tickets shall attract a flat rate of N15,000 per ticket as foreign travel surcharge, saying: “Implementation modalities are being worked out and this surcharge.”
The Federal Ministry of Finance explained in a statement also stated that the Federal Inland Revenue Service (FIRS) had commenced the process of collection and had served assessment to private jet owners in Nigeria, adding that discussions are on-going with the private jet owners to ensure a successful implementation of the initiative.
#Nigeria #Austeritymeasures #PrivateJet #OkonjoIweala
