TaxWorldWeb – International Tax News

Most Recent

The Nigerian aviation sector is sick and in need of surgery. The Hope Uzodinma-led Senate Committee on Aviation probe into issues of discriminatory fare charges and non-remittance of tax exposed a little about the financial malfeasance of foreign airlines. Local operators and professional unions also rendered an account alleging book-cooking. They alleged that the internally generated revenue is not being adequately accounted for and that there is crass favouritism offered some airlines. However, the most resonating verdicts are that foreign airlines indulge in fraud and deliberately refuse to pay the statutory 5 per cent tax known as passenger fuel surcharge (PFS) to the federal government.