VAT
VAT

The decision of the Ghana government to remove the 17.5 percent VAT (Valued Added Tax) on domestic aviation industry is good news to players in the aviation industry, local media reported here Thursday.

VAT
VAT
The Chief Operations Officer at Africa World Airlines (AWA), Captain Samuel Thompson, told private daily The Finder that the measure would revamp the industry.

“This will bring fares down and stimulate passenger troop which would be good to us and the aviation sector as a whole,” he said, in spite of some challenges still facing the aviation industry.

Additionally, Thompson said spare parts for carriers were still expensive and could increase the general cost of operations.

Ghana’s Finance Minister Ken Ofori-Atta announced some initiatives to boost the aviation sector when he presented the 2017 budget statement to parliament on March 3, 2017.

He told the House that as part of measures to improve the business environment through tax exemptions, government would abolish the 17.5 percent VAT/NHIL on domestic airline tickets. Enditem

Source: Xinhua/NewsGhana.com.gh

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