The Federal Government is planning to
impose a form of luxury tax on owners and operators of private jets in
the country, top officials of the Ministry of Aviation have confirmed.
The plan, currently being fine-tuned by
the Aviation Reform Committee, which is also looking into
certain areas
of the aviation sector, will be perfected very soon.
According to the top government
officials close to the move, the plan to impose the luxury tax will be
preceded by the new general aviation policy, which is currently being
drafted by the government.
Ahead of the release of the general
aviation policy, the Aviation ministry has reviewed the 2006 Civil
Aviation Act, which will lead to the promulgation of a new Act.
Culled - Punch
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