If it’s raining waivers and tax exemptions, then you don’t want to be left out from the spree. This is the direction the Nigeria Aviation Handling Company (NAHCO) is taking by demanding the federal government just as it did for the importation of aircraft spare parts to grant tax exemption on handling equipment.
The Managing Director, Nigeria Aviation Handling Company (NAHCO) Plc, Mrs. Tokunbo Fagbemi made the call at a briefing held recently in Lagos revealing that NAHCO received only ₦70 million out of the ₦4billion bailout promised by the Federal Government to cushion the effects of the pandemic on aviation.
She recalled that during the covid-19 lockdown, concerted efforts were made by the Association of Ground Handlers of Nigeria to boost revenue base by applying for tax exemption on equipment similar to what is given to aircraft.
Below Taxmobile.Online’s deduction from her statement,
“Because at the end of the day, these are ground support equipment. They support and handle the aircraft, so if the aircraft is given zero duty, why should we also not enjoy that kind of rebate? We will be happy if that is given.”
“We are also looking at tax, if there is some form of exemptions, we have taken some opportunities where FIRS say pay before a certain time, some we have not to be able to because we are being reviewed and audited, all the yearly audits so, we have to be able to take a position on those that we have but we will like more particularly because of the peculiarity of this business that we are in.
“So, it is a high cost in terms of equipment, the equipment does not have the same value like an aircraft has and there is a limited number of years that you can flog it for and then you still pay all these duties and charges, so if we even have exemptions on duties, it will go along way to help us to be able to do that.”
Commending the Federal Government for granting Covid-19 relief, Mrs. Fagbemi said the company looked forward to more.
“Yes, we were given about N70 million but if you look at how much we lost, it is not much but anything that is given is something that we are grateful for because it is better to have something than you have nothing.
‘’But like Oliver Twist, as we are thanking the Ministry and the Federal Government, Central Bank of Nigeria (CBN) and the Minister of Finance, we are also hopeful that some more as we have told will be given to the ground handling companies.”