Home-InternationalSINDAG Endorses Manifesto

SINDAG Endorses Manifesto

A broad coalition of aviation interests has issued a manifesto opposing the proposed loss of a 30-year exemption from Brazilian import duties and several other VAT-type assessments, which would raise the industry’s tax burden by an estimated $955 million. A legislative committee added the change to a broad tax reform bill promised during the presidential campaign. The taxes would apply to imports and sales in the domestic market for aircraft, spare parts, and maintenance services, and for import duties. Sixty percent of the cost would fall on airlines and cargo carriers, and the rest on general and agricultural aviation.

The manifesto argues that the moment is inopportune, given the severe effect of the pandemic on aviation, which suffered a 60 percent drop in revenue in Brazil. International passenger service remains below 20 percent of pre-pandemic levels and analysts don’t expect a full recovery until 2023. The current unfavorable exchange rate of the Brazilian real represents an additional strain for an industry that calculates 50 percent of its costs in dollars.

Read More at www.ainonline.com

RELATED ARTICLES

CURRENT ISSUE

CLASSIFIEDS

  • 802 Pilot Needed in Central South Dakota802 Pilot Needed in Central South Dakota
    Pilot needed for a new 802 in Corsica, SD for a full season seat. Herbicide experience is a must. The plane is equipped with Ag PilotX and AFS booms with shutoffs. We will be at NAAA as well if you’d [...] Read more »
  • 1979 Cessna T188C Ag Husky1979 Cessna T188C Ag Husky
    1979 Cessna T188C Ag Husky, 10K TTSN, 420 SMOH, Bantam GPS/flow, CP's, super booms, VG's, AC. For pricing and more information call 309-759-4646 or email hcurless@farmairinc.com[...] Read more »
  • 1987 AT-501, N7314Q1987 AT-501, N7314Q
    1987 AT-501, N7314Q, Walter conversion, 500 gals, side fuel, MVP 50 engine monitor, 7416 TTAF, 521 TTE, Lots of extras. Minnesota plane. Call Jon at 320-760-5075[...] Read more »

Most Popular

X