AfricaAviation News

Kenya Airways handed VAT waiver on aircraft spare parts

Kenya Airways handed VAT waiver on aircraft spare parts

The Treasury has removed value added tax (VAT) on the importation of all aircraft spare parts, a waiver that will see cash-strapped Kenya Airways free up hundreds of millions of shillings normally locked up in duty refunds from the taxman.
The Finance Bill, which was published a week ago, amended the 2013 VAT law which only exempted aircraft operators from paying the 16 percent levy on some of about 400 types of spare parts.
This left aircraft operators such as the national carrier paying hefty taxes to ship in critical parts to maintain their fleet.
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