New Tax Act Sparks Fresh Airfare Hike: Higher Levies on Aircraft, Tickets, and More!
Starting January 1, 2026, airfares in Nigeria are expected to increase due to the enforcement of a new Tax Act that introduces import duties and...
Starting January 1, 2026, airfares in Nigeria are expected to increase due to the enforcement of a new Tax Act that introduces import duties and Value Added Tax (VAT) on aircraft, aircraft components, and airline tickets. This legislation mandates that domestic airlines will be liable for import duties and VAT on commercial aircraft, engines, spare...