- Stakeholders in Nigeria’s aviation sector criticize the New Tax Act 2025, claiming it contradicts international treaties and could harm the struggling industry. The Act imposes VAT on airlines, conflicting with existing exemptions and risking double taxation. Concerns include potential reduced passenger traffic due to increased fares. The government defends the Act as part of aligning with global practices, despite acknowledging potential cost increases.
Source: businessday.ng
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.
Latest Posts in "Nigeria"
- Federal Government Insists on New Tax Reform Despite IATA’s Criticism Over International Treaty Violations
- Nigeria to Enforce VAT on Non-Resident Digital Services from 2026
- Nigeria Extends E-Invoicing Compliance Deadline for Large Taxpayers to November 2025
- FIRS Launches E-Invoicing Platform to Enhance Tax Compliance and Transparency in Nigeria
- Nigeria Customs Service Transitions from Fast Track Scheme to Authorised Economic Operator Program
