Value added tax

August 16, 2013 - 4:00am
Trading firms such as Sertrading can help international companies navigate Brazil’s tax rules for the importation of aircraft or aircraft parts.

Overseas visitors may be puzzled by the number of so-called “trading” firms prominently placed in the LABACE exhibition areas. Why at an event that lets potential purchasers meet directly with manufacturers do Brazilian middlemen occupy so much space?

August 4, 2013 - 12:15am

Wisconsin MROs have once again been foiled in their attempt to get the state legislature to exempt private aircraft maintenance and modification from the 5.5-percent state sales tax. While the tax does not apply to aircraft operated under Part 121 or 135 certificates, it does apply to those operating under Part 91.

May 21, 2013 - 6:35am

Dubai-based service provider Jetex Flight Support is expanding its reach in Europe and looking for new opportunities. Among its most recent developments is the opening in January of a new flight-planning lounge at London Oxford Airport, in so doing becoming the airport’s first external partner. The lounge is in the Oxfordjet FBO and comprises a newly furnished planning room with aeronautical charts and three computers for visiting aircrew.

May 14, 2013 - 3:35pm

Online jet charter broker PrivateFly estimates that approximately half of the estimated £9.3 million in potential revenue from the recent extension of the UK’s air passenger duty (APD) tax to business jets will be lost to nonpayment in the first year. The extended tax, which became effective on April 1, applies to all flights departing from the UK.

August 6, 2012 - 5:10am

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.

August 2, 2012 - 4:40am

The Italian government has approved an amendment to the contentious tax on business aircraft that it made law on April 29. Now, foreign-registered aircraft operated privately will incur the tax only if they stay for 45 consecutive days, rather than the 48-hour threshold in effect until now.

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.

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.

February 4, 2012 - 5:20am

Italy’s parliament has approved plans for a new tax on all business aircraft, regardless of country of registration, as part of the effort to reduce the country’s massive national debt. Business aviation interests expect to learn the details of how the legislation will work by the end of February, but it could impose a tariff of several hundred thousand dollars on the owner of a large jet that spends more than 48 consecutive hours in the country.

January 5, 2012 - 3:30pm

Italy’s parliament this week approved plans for a new tax on business aircraft, but details of how the legislation will work in practice are not anticipated until later next month. However, it is expected that tariffs could reach about $385,000 for larger business jets that spend more than 48 consecutive hours in the country. The tax will apply only to privately owned aircraft and will exclude those operated under commercial air operator certificates, as well as aircraft operated by governments and for purposes such as emergency medical services.

 
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