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Local Airlines To Save N80bn Yearly From Tax Exemption
The plan by the Federal Government to fully implement the zero duty and Value Added Tax (VAT) payment on the importation of commercial airplanes and spare parts could save airlines in the country over N80 billion annually, woleshadare.net has learnt. There are indications that the amount could be more considering the huge number of aircraft ferried outside the country for maintenance and the acquisition of relatively newer aircraft by the airlines. Arik, Medview, Overland and…
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