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Thursday, 26 September 2013

FG Orders Private Jet Owners To Pay $4,000 Luxury Tax

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The Federal Government has imposed a luxury tax on private jet owners and operators in the country.

As a result, the Nigeria Civil Aviation Authority has directed the owners and operators of private jets to pay the sum of $4,000 for every flight departure within the country. According to a memo (with reference number: NCAA/DG/OR/GA/VOL.11/2013/06) to all private jet operators and obtained by our correspondents, the NCAA ordered that Nigerian-registered private jets would henceforth pay the sum of $3,000 for every departure, while foreign registered private jets would pay $4,000 per departure. The memo, dated August 28, 2013, and signed by the Director-General, NCAA, Captain Fola Akinkuotu, was titled, ‘Order charging certain fees on operations in general aviation.’ Will this paltry sum really deter more people from acquiring these "toys''?

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