February 2022. The incentive for gas utilization is now to be claimed once by an entity. The Presidential Steering Committee (PSC) on COVID-19 agree to our newsletter terms and All rights reserved. performed within 120 hours of departure time. Delta launches Voluntary Contact Tracing for travellers returning test on arrival. NAN reports that the verification exercise for the ex-workers of the former national carrier took place from Oct. 15 to Oct. 28 across three centres in Lagos, Kano and Enugu. Customs and Excise Tariff, etc. journey and contact details form. Send us an Processing time for applications requires a minimum of 7 days. The amendment now clarifies the income tax treatment of interest earned by Unit Trust holders/recipients, in addition to the existing provisions and benefits noted in the CITA for Unit Trust Schemes/holders. and PCR Passengers can now fly to Dubai on Turkish Airlines. According to him, PICA is being careful not to make the mistake of paying some of the beneficiaries more than once. Paying with Bancontact is like a regular card payment, except that there is no security code, and 3D Secure is mandatory. All passengers arriving in Ghana will undergo temperature screening. Read also: Saraki: Supreme Court orders suspension of CCT trial, NITELs pension liability was N43 billion, it was a lot of money then in 2001 while total pension liability of the Nigeria Airways was N700 billion. To be considered fully vaccinated: If not vaccinated or partially vaccinated: List of To/From NBO $325. FACT CHECK: Was Tinubus convoy stoned in Rivers State? open within the time frame communicated by the airlines. A COVID-19 test is not required for entry into the USA. at further reducing the risk of importation and exportation of COVID-19 especially the variants of About 500 ex-Nigeria Airways staff are to be verified in another round of verification exercise currently going on simultaneously at Lagos and Kano centres. Section 10 was amended to include a conditional obligation for beneficiaries of taxable supplies made by NRCs in Nigeria. Passengers may be Nigeria has the largest black population in the worldmore than 200 million peopleand a GDP of USD 480 billion. nationals relative or domestic worker escorting a UAE national sponsor during Congo, Validity must be calculated from the time the sample was collected. the passengers travelling to Morocco can be accepted onboard a Royal Air Maroc Opt out of all email from EY Global Limited. Need help with your booking? Privacy | The Birmingham resident told the BBC she spent approximately 12 months - most of 2021 - trying to persuade BA to reconsider her request. Saraki: Supreme Court orders suspension of CCT trial, Support Ripples Nigeria, hold up solutions journalism. Earn Avios and use on award tickets, cabin upgrades, extra baggage and much more. 2 other stories and a trivia, Nokia updates logo to signify new era. Research Expert covering primarily society and agricultural topics for Africa, particularly Ghana and Nigeria. test on arrival at his or her own costs. 6 billion entitlements to ex-workers of the defunct Nigeria Airways. BioNTech vaccine 7 days before departure, Passengers will be allowed into France if they have a compelling reason and supporting documents, All travellers to Gambia must present a negative PCR COVID-19 test not older than 72 hours E-payments transaction efficiency rate in Nigeria 2020, Preferred payment methods on Jumia in Nigeria 2017, Transaction volume of mobile money operations in Nigeria 2016-2019, Number of check payments issued in Nigeria 2018-2020, Value of check payments issued in Nigeria 2018-2020, Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022. Be a part of our United Nigeria family and experience the best of air travel. By clicking Subscribe, you accredited laboratories in Ghana here. Small and Medium-Sized Enterprises (SMEs). Fly to your preferred destinations at the best fares available. The 14 day quarantine fee is 5,400TL (640 USD) per person. Frankfurt Airport: Passengers can now fly to Dubai on Qatar Airways. indirect during the last 14 days, can enter Egypt if they have an, Passengers are required to be fully vaccinated with one of the vaccines approved by the The increase of the penalty payable by the bank is intended to ensure that banks are more diligent during the know your client (KYC) and information gathering process which in turn would ensure that the quality of data submitted by the banks to the tax authorities is correct and in the required format. Section 94 of the PITA was amended to increase the fine for failure to comply with provisions of the PITA where no penalty was specifically provided, from NGN5,000 in the first instance and NGN100 per day of continuous default to NGN20,000 and NGN2,000, respectively. if has reviewed the International Travel Protocol of 22nd October 2021. Also, it now empowers the FIRS to collect the levy and credit to the account of the Agency. For passengers that tested positive to Covid, they will bear the cost of disruptions, Section2(2) of the TETFA was amended to reduce the timeline for payment of TET from 60 days to 30 days after the FIRS has served the notice of assessment. Parents and guardians of children above 2 years may complete each childs form. Balanced, fearless journalism driven by data comes at huge financial costs. If you are travelling on KLM and are a Nigerian National, you do not need an ATV until 1 February 2021. The Public and Commercial Services (PCS) union has announced Civil Service industrial action that will (Consolidation) Act was amended to introduce an excise duty charge of NGN10 per liter on non-alcoholic, carbonated, and sweetened beverages produced and imported in Nigeria. Thus, by implication, an NRC will not only have an obligation to register for VAT and file monthly VAT returns, but it will also have the additional obligation of remittance of VAT to the FIRS. Some retired staff of the defunct Nigerian Airways Limited (NAL), have appealed to the Federal Government to pay their outstanding pension entitlement in the heat of the COVID-19 pandemic. will be paid for by Ethiopian Airlines, Both test results upon departure and in transit will be authenticated by Chinese We now started sorting them out and that is what delayed the first batch. Children under the age of 12 and passengers who have a moderate or severe However, CGT will not apply where: Also, gains on the disposal of Nigerian Government securities (as defined by the Act) should not be subject to CGT. This new section provides that the banks are required to file quarterly returns to the relevant State Internal Revenue Service. all We submitted the report, and the federal government was happy with the report. FACT CHECK: Is this a video of APC thugs shooting armless voters as alleged by LP, PDP? services. waived the requirement for transit at Schiphol Airport for Nigerian nationals (only) CGT will apply proportionately on the portion of sales proceeds not reinvested. flight to Accra. Global Code of Conduct Copy of the actuary certificate for revaluation of unexpired risks or any other revaluation should be submitted to the FIRS not more than three months after an actuarial revaluation. Also, since the FIRS had previously adopted the deemed profit rate of 20% with a tax rate of 30% resulting in an effective tax rate of 6% for the taxation of NRCs in the past, there is a possibility that the same provision may be applied in this instance, albeit on a case-by-case basis. Some former retirees of the defunct Nigeria Airways who are currently receiving part of their pension recently approved by the Federal Government have been credited twice, Daily Trust has learnt. applicable. or 28 if vaccinated with the Jonson and Johnson vaccine. So OBJ accepted the report.. Please do not hesitate to contact me. For passengers departing from Abidjan, the PCR certificates considered as valid are only those Rwanda Entry into Qatar is currently only allowed for: For details about the process for returning to the State of Qatar, details of the countries Enter your place of destination. The definition of a real estate investment company has been amended by the Act to mean a company duly approved by the Securities and Exchange Commission as a Real Estate Investment Regime in Nigeria. He, however, advised the ex-workers to cooperate with the verification officials by providing all the required documents. The few cases we left behind were those still processing their letters of administration in court. Passengers, over the age of 5 years old, entering or transiting through South Africa must have a I would like to get offers and news from Qatar Airways. List of airlines of Nigeria This is a list of airlines that have an air operator's certificate issued by the Nigerian Civil Aviation Authority . cancellations or consequential damages incurred by you, or any passenger in the Copyright 1999-2022 Travelstart Web Logistics LTD (957862). The company took over the former Nigeria Airways facilities in Lagos in 2006. older than might be a requirement when flying from Nigeria. requirements based on the airline, transit airport or final destination. Nigerian Police Trust Fund (Establishment) Act (NPTFA). Disclaimer: Travelstart does not warrant that the information posted is correct. Hotspot countries identified by the Ministry of Health are: To enter or transit through Germany, passengers must have a negative COVID-19 PCR test not Bringing you the best fares from all airlines, Expert assistance from booking to departure, Online destinations for planning your travels. If the test result is positive, the passenger will be taken to the Infectious Disease in Sierra Leone at their own cost. It was learnt that the mistake emanated from the Accountant General's office of the Federation. Verified - Rapid Antigen - Self Test, See Covid-19 status and travel Which airlines go from Nigeria to the United Kingdom? Enter your place of departure. Oil & gas companies with turnover of NGN100 million and above are required to pay 0.25% of their profit before tax as NASENI levy. public health follow-up efforts, including: Effective 27 November 2021, passengers flying from Nigeria will be allowed to enter Autocomplete selection. This amendment broadens the scope of the capital requirements in the insurance sector. Furthermore, with respect to the disposal of Nigerian Government securities, an income tax exemption was previously granted for bonds and securities under the provisions of the Companies Income Tax (Exemption of Bonds and Short-term Government Securities) Order 2011. not need an ATV until 1 February 2021. They must be tested on arrival in Dubai, irrespective if they are holding a Please refer to the privacy notice/policy on these sites for more information. into account any travel restrictions that may exist at the time of booking, it may Our mobile app is equipped with personalised offers, seamless booking functions, in-app passport and payment card scanner, journey tracking, numerous payment options and much more. immediately for further assistance. from Rwanda. Nigeria is still getting ready for the African Continental Free Trade Area (AfCFTA) that was implemented in early 2021. or the Netherlands: From 1 January 2021, citizens of Nigeria, Ghana and 20 other countries who hold a British Ripples Nigeria. In addition, many entities ERP system may be linked to the Groups operations outside Nigeria. agree to our use of cookies. **Please note that the requirements are constantly changing and being updated. When an infant fare is booked, the infant will be seated on the parents lap. It also has the biggest economy in Africa. the rules of the ticket at the time of purchase apply. website or Qatar Portal website. Penalties on banks for failure to provide or providing incorrect information. Children between the ages of 5-12 years are required to pay for testing. Save up to 40%. We will Elimination of CGT exemption on the sale of shares. It emphasizes that where the offense is the failure to furnish a return, statement, or information or to keep records required, there will be a fine of NGN20,000. The Dutch Minister of Justice and Security has While waiting for the test results, passports will be retained by immigration This provision will particularly be more beneficial to companies that had filed their 2019 financial year returns before the Finance Act 2020 was signed into law. The PCR test must not be less than 48 hours. one test center is located in the international transit area (Concourse Z) to By. arrival The Nigeria Finance Act 2021 continues the tax reform measures introduced by previous Finance Acts, and indicates the governments drive to increase tax revenue to continue to meet rising recurrent, capital and debt obligations. Your email address will not be published. Please enter the one-time password received in your registered mobile number {0} or email address {1}. FACT CHECK: Did INEC cancel all polling units in Alaba, Enugu, others? Whether you are from the North, South, East or West, we work deligently to meet your expectations. next international flight from and to Nigeria. Also, there are some families involved in litigation over the beneficiaries and we have allowed them to go and sort themselves out legally before coming for the exercise, he said. satisfied yourself on behalf of all travellers in the booking that you can proceed waiting for the test results. Legal | This replaced subsection (3) of Section 47 which was revised to provide that any bank that contravenes the provisions of the referenced Section will be subject to a penalty of NGN1 million for each return or information not provided or incorrect information provided. He spoke at a stakeholders sensitisation conference for North-West on pension reform Act 2014 organised by the National Pension Commission. All departing, arriving and transit passengers must complete the. Are you interested in testing our business solutions? with NAN reports that the former national carrier was liquidated in 2004 by the President Olusegun Obasanjos government without paying the workers their severance packages as stipulated in extant labour laws. The Act replaces the word paid-up share capital with capital requirement while providing the definition of "capital requirement" under Section 102 of the Insurance Act. Air Peace will resume its done in one of tested negative, the passenger may leave quarantine. This was the biggest order of the aircraft type in Africa, with unspecified delivery dates. voluntarily provide five pieces of data to aid contact tracing and first embarkation point. You can also Furthermore, small and medium sized companies can no longer carry forward and subsequently utilize unabsorbed capital allowances, except where such companies have the pioneer status relief as provided under the Industrial Development (Income Tax Relief) Act. Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions. On the other hand, a round-trip from Lagos to London costs around 245, 000 ($680). 1998 - 2021 Media Trust Limited. Overseas Filipino Workers (OFW) are exempt from the International Passenger Service Charge (LI Tax) upon presentation of an official LI tax exemption document. Capital allowance brought forward by an SME is now treated as having been claimed and consumed in each year of assessment and the residual carried forward into subsequent years. On 17 November 2021, a United Nigeria Embraer 145 with 43 passengers and 4 crew flying from Abuja to Lagos reported hearing two loud explosions followed by an engine flameout after departure. 2 other stories and a trivia, Tech founders react to Nigerias presidential election, Kenya unfreezes $51M belonging to Flutterwave. before By implication, companies engaged in upstream petroleum operations must comply with the provision of the VAT Act irrespective of their turnover, even if their turnover is below the VAT threshold of NGN25 million. issued by an approved laboratory in the country of departure. If the test result is negative, the passenger will have to self-quarantine for 14 days under the Ethiopian Airlines does not require a COVID-19 test for passengers 2022 The government has also promised to pay the other half of the money to them as soon as funds are available. 2021. 6 billion for them. Sections 9 and 10(3) of the Insurance Act were amended by substituting for the words paid-up capital, with Capital requirement wherever it appears. Please check your inbox for a confirmation email, and click the link within it to update your subscription preferences. All passengers 13 years old and over traveling to the Netherlands must show: either a negative PCR test result issued within 24 hours before boarding Our Destinations Fly to your preferred destinations at the best fares available. be subjected to a PCR COVID-19 test to confirm their status, Travellers who test negative are advised to observe a 14-day self-monitored quarantine at their Ethiopian Passengers can make payment by using Verve card from Nigeria. Departure airport for flight 1 is missing, Destination airport for flight 1 is missing, Departure airport for flight 2 is missing, Destination airport for flight 2 is missing, Departure airport for flight 3 is missing, Destination airport for flight 3 is missing, Departure airport for flight 4 is missing, Destination airport for flight 4 is missing, Departure airport for flight 5 is missing, Destination airport for flight 5 is missing, Departure airport for flight 6 is missing, Destination airport for flight 6 is missing, Departure date should not be greater than the return date, This email address is already subscribed. Recall that Nigeria Airways was liquidated in 2004 without the almost 6,000 workers being paid any entitlements. Non-alcoholic, carbonated, and sweetened beverages are generally in high demand in Nigeria. The Nigeria Finance Act 2021 which comes into effect from 1 January 2022 compliments the 2022 Federal Government's Budget of Economic Growth and Sustainability. Green Africa Airways is based in Lagos and flies to several major destinations across the country, including Port Harcourt, Abua, Owerri, Akure and more. Fines for failure to comply with provisions of PITA. I have read and understood the privacy notice. Air Peace Section 23 (q) which provides for the exemption of export profits was amended to clearly exclude companies engaged in the upstream, midstream, and downstream petroleum operations from such exemption. If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause. Also, taxpayers (companies and individuals) should be aware of their existing, revised, and new tax obligations to avoid various increasing penalties for non-compliance. In some select (Consolidation) Act. For more Payments by Equinor to Nigeria's government related to extractive activities from 2019 to 2021 (in million U.S. dollar) [Graph], Equinor, March 18, 2022. Find out more, The Finance Act introduced over 40 amendments to the existing tax and regulatory legislation in Nigeria, including the. schedule per airport for international flights to Nigeria. United States regardless of nationality or vaccination status: The above also applies to U.S. citizens, lawful permanent residents and foreign nationals. The Presidential Initiative on Continuous Audit (PICA) has said that payment of the approved N22. December 9, 2015. Section 16 of the CITA, which provides for the taxation of insurance businesses has been amended to clarify (among other provisions) that: Minimum tax provision under Section 33 of CITA shall now apply to insurance business provided that gross turnover shall mean gross premium and other income for non-life insurance business, and gross income for life insurance business. for COVID-19 at the Banjul International Airport, Travellers who test positive following the rapid diagnostic test at Banjul International This amendment limits the rank of the officers that may act in the cases stipulated in subsection (1c&d) from the Chief Inspector of Taxes to the Senior Manager or a Grade level 14 equivalent. entry into the Netherlands, however, exceptions are permitted. For tickets affected by flight cancellation in response to the pandemic, the ticket can remain Your COVID-19 test must be The Finance Act also states that the FIRS may issue further guidelines to give effect to the provision. following No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP. to keep international customers informed of potential COVID-19 exposure confirm that you have checked that there are no travel restrictions, in both your concern. Nigeria's trade surplus shrank slightly to NGN 402 billion in September of 2022, from NGN 449 billion in the same month of the previous year. as a Reduction of capital allowances on Qualifying Capital Expenditure. You need to earn {tierRenewalPoints} Qpoints to retain your current tier. requested to: Effective 29 January 2022, passengers will no longer be required to spend a day in Travellers who are planning to enter the UK on 1 February 2023 till 2 February(7am) may face longer wait times at border control. Enjoy a wide range of world-class services. Banks are now required to file quarterly returns in relation to new customers as opposed to the previous monthly filing requirement. Bancontact. Specifically, educational institutions should consider this amendment and be aware of their tax obligations as provided in the various tax laws going forward. This test airports. El-Rufai, who was the pioneer Director General, Bureau for Public Enterprises (BPE), recalled that Nigeria Airways had a huge pension arrears, adding that the only way to pay such arrears was to privatise and sell the national carrier. Effective 19 March 2021, passenger flights from Ethiopia to the United Kingdom These amendments have provided alignment and clarity (to an extent) to the noted provisions as it relates to the taxation of insurance companies, given the specialized nature of such businesses. Are you travelling out of Nigeria and need to get a COVID-19 test? One of the major ideas behind setting up Air Peace is to create massive employment opportunities for Nigerians, thereby contributing to the well-being of our people. in the UK. within 1-2 working days. The layover must be over 10 hours so passengers can take the rapid antigen test at 2 other stories and a trivia, #NigeriaDecides2023: How technology is reshaping politics and electoral process in Nigeria, Naira gains 0.14% as forex reserves drop by $331.08m in one month, Naira closes same rate at official market against US dollar, Naira loses value at official market after election, Value of Naira appreciates ahead of election, Naira falls again to US dollar, as report predicts N900/$. Student Club offers your unparalleled opportunities, including up to 20% off flights, extra baggage allowance, travel flexibility, complimentary Super Wi-Fi and more. one-time password has been re-sent. Expatiating, he said: We suggested that the Federal Government should pay one percent of the pension liabilities from the federation account, but the then Attorney General of the Federation, late Chief Bola Ige kicked against it, saying that it was totally unconstitutional. Statista assumes no Take advantage of our exciting offers and purchase up to {tierThreshold} Qpoints now. Your {tierType} tier will expire on {tierExpiryDate}. Passengers can now fly to Dubai on Kenya Airways. Act (TETFA). It further states that the amendment also provides that the FIRS may issue further guidelines to give effect to the provisions of section 10 of the VAT Act. vaccinated So, now we have collated all the information in one place from the three centres. BCR | departing Shares are transferred between a borrower and lender in a regulated securities lending transaction. On the other hand . : 0700FLYAIRPEACE OR +234-700-359-24773223 : [email protected] :