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FG Impose $4,000 Luxury Tax On Private Jet Owners




According to a memo issued by NCAA to all private jet operators, the Federal Government has 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 is, however, generating controversy in the aviation sector, with some operators arguing that the levies are illegal and, as such, they will not pay. If the move by the NCAA becomes successful, it will affect pastors, business moguls and other private jets owners in the country, who will be expected to cough out about $1.4m annually as luxury tax.

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