Tax reform

April 21, 2008 - 11:01am

The Russian government is considering softening the import tax requirements for business jets and certain types of on-board and airport equipment not produced domestically, according to Valery Voskoboinikov, deputy head of the Russian state agency Rosaviacosmos.

September 26, 2007 - 10:17am

The Danish government is preparing to impose a 25-percent value-added tax (VAT) on imported aircraft to close a loophole that has allowed owners to bypass taxes due in other European Union countries. Aircraft imported for “personal transportation” are currently zero-rated for VAT purposes in Denmark, and this has exempted just about all aircraft applications apart from gliders and other forms of recreational flying.

September 18, 2007 - 12:04pm

The Danish government is preparing to impose a 25-percent VAT sales tax on imported aircraft to close a loophole that has allowed owners to bypass taxes due in other European Union countries. Aircraft imported for “personal transportation” are currently zero-rated for VAT purposes in Denmark, and this has exempted just about all aircraft applications apart from gliders and other forms of recreational flying.

March 28, 2007 - 7:39am

Avcard, the aviation services provider and credit-card company based in Hunt Valley, Md., has established a European office in London with the aim of increasing services to a broader range of customers. Twenty-five-year aviation veteran Stefan Jaeggi will head the office as general manager.

March 16, 2007 - 9:48am

Want to know what your aviation state taxes are being used for, how to apply for refunds and other tax details? Then you might want to check out the 2004 State Tax Guide for General Aviation from costing analysts Conklin & de Decker. The guide, which comes on a CD-ROM, also shows how sales and use taxes apply to aircraft sales, ownership, leases, parts, labor, fuel purchases and maintenance.

January 26, 2007 - 11:08am

UK-based Twinjet has forged an alliance with Russian aerospace export agency Aviaexport to sell used business jets in Russia. While conceding that heavy taxes on the importation of foreign-built aircraft will make the sales task harder, Twinjet managing director John Keeble asserted that long-term prospects for the Russian market are promising.

December 4, 2006 - 1:24pm

Gilles Fournier is the new managing director of the Paris Air Show, GIFAS announced here this week. The French association of aerospace industries, which runs the show through its SIAE company, has now opened registration for the next show, due to held June 18 to 24 next year. Prices will increase only by the level of inflation.

November 29, 2006 - 6:26am

If you buy, sell or operate aircraft in Europe and have been liable to EU value added tax (VAT), a chat with Lasse Rungholm could help you to save lots of money. You will find Rungholm by a beautifully maintained Beech 18 on the ramp, which OPM Aviation Services (OPMAS) acquired a month ago and flew here from its Aarhus, Denmark headquarters to publicize the company.

 
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