FEDERAL GOVERNMENT IMPOSES LUXURY TAX ON PRIVATE JET OWNERS

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 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.’