- The Federal Government of Nigeria is set to fully implement the new Tax Reform Act from January 1, 2026, which includes imposing VAT on airline tickets, aircraft engines, and spare parts. This decision has been criticized by the International Air Transport Association (IATA) and aviation experts for violating international treaties and overburdening the aviation sector with additional taxes. Currently, airlines are exempt from import duties and VAT, but this will change under the new reforms. IATA and other stakeholders argue that these changes contradict international agreements and could negatively impact the aviation industry.
Source: dailytrust.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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