Financing, Insurance and Taxes » Taxes

Tax issues for aircraft operators.

March 4, 2013 - 2:40pm

Aviation finance and consulting firm Conklin & de Decker (Booth No. N3525) marked the opening of Heli-Expo ’13 with the introduction of its latest general aviation tax resource. The company also unveiled a new educational seminar.

December 11, 2012 - 7:45am
Jorge Colindres, CEO of the Aviation Registry Group (left), and San Marino civil aviation director Marco Conti are here at MEBA after having signed a 10-year exclusive agreement for ARG to administer the European state’s aircraft registry, which has been opened up to foreign owners.

San Marino has relaunched its aircraft registry by taking steps to make it more attractive to foreign owners and has signed a partnership agreement with U.S.-based Aviation Registry Group (ARG), which already administers Aruba’s offshore registry.

December 11, 2012 - 5:00am
Unlike offshore registers like the Isle of Man, Malta’s aircraft register has the advantage of being within the European Union, giving operators full flexibility commercially within the 27 member states. This, in part, is what motivated Swiss-based Comlux to register some of its fleet in Malta.

The Mediterranean island of Malta, which was awarded Britain’s George Cross gallantry medal for its resistance against Axis air raids and a naval blockade during World War II, is now engaged in a campaign to become as involved in the aviation services industry as it previously has been in maritime affairs.

July 19, 2012 - 3:50pm

Jetex Flight Support has introduced a new program that allows qualifying aircraft operators to buy fuel more easily without paying value added tax (VAT). The service is provided through the flight planning and support group’s new subsidiary, Jetex Fueling Services. Initially the program will be available in Austria, the Czech Republic, Finland, France, Germany, Ireland, Poland and Switzerland. Jetex intends to extend it to other countries in the future, according to program manager Ahmed Ghazal.

June 26, 2012 - 2:45pm

Brazilian tax, police and aviation authorities joined forces to seize nine business jets last week, and they have targeted 13 more aircraft. According to officials, Brazilians allegedly own and use the jets but registered them overseas to avoid Brazilian state and federal import taxes of nearly 35 percent. Foreign-registered airplanes can remain in Brazil for up to 60 days without paying import duties.

June 26, 2012 - 2:35pm

Rep. Thomas Petri (R-Wis.) sent a letter early last week to Dave Camp, chairman of the House Ways and Means Committee, asking for clarification of Congress’s intent on applying the Federal Excise Tax (FET) to managed aircraft.

May 15, 2012 - 11:45pm

With aircraft owners facing continuing headaches over importing aircraft into the European Union, offshore registrations are increasingly being considered as a more flexible option. At the same time, lawyers have been scrambling to develop elegant solutions to avoid at least immediate liability for punitive rates of value added tax through deferral schemes.

May 14, 2012 - 7:50pm
Opening session

Many business aviation operators could lose their livelihoods because of political tussles between the European Union (EU) and the rest of the world, especially over the EU emissions trading scheme (ETS). This was the clear message underpinning the opening general session of EBACE 2012 yesterday, when a panel of EU regulators joined Fabio Gamba, CEO of the European Business Aviation Association (EBAA), and Ed Bolen, president of the U.S.

February 4, 2012 - 6:00am
Business aviation in India

India’s Business Aircraft Operators Association (BAOA) is urging the nation’s government to abandon plans for new restrictions on flights by foreign-owned aircraft. The campaign comes as the country’s tax authorities are probing 15 Indian companies that they believe have registered corporate aircraft offshore with the intention of avoiding customs duty and taxes.

February 4, 2012 - 6:00am
Ventura Airconnect is flying three Cessna Caravans on twice-daily trips between

India’s Directorate of Revenue Intelligence (DRI) is scrutinizing approximately 15 Indian companies that it believes are basing their foreign-registered corporate aircraft overseas to evade customs duty and taxes. In particular, the agency has confirmed it is looking at the status of a Boeing 727 owned by the UB Group, Punj Lloyd’s Gulfstream, Essar’s Boeing 737 and Bharat Hotels’ Embraer Legacy 600. Several other corporate jets are also understood to be under investigation.