April 9, 2020
A trio of new members-only resources developed by NBAA’s Tax Committee offer expert guidance on international regulations that can affect business aircraft operators. Whitepapers on Canadian cabotage, temporary admission into the EU and revised regulations in Russia give NBAA members valuable information about these popular destinations.
“The more informed operators are about key regulatory subjects across the world, the better equipped they’ll be to plan and execute international operations,” said Peter Korns, NBAA’s senior manager, tax, operations and workforce engagement.
Canadian Cabotage for PART 91 Operations examines whether Canadian authorities would maintain the private operation aspect of a FAR Part 91 flight if there was any direct or indirect contribution from the Canadian participants.
Temporary Admission in the European Union provides an overview of the relief regime designed to allow non-EU registered, owned and used aircraft to enter the EU for non-commercial purposes for a limited time period without the necessity for a full importation and the payment of duty and import taxes.
The Changed Regulatory Environment for the Operation of Business Aircraft in Russia gives members insight into developments in Russia following recent crackdowns in illegal operation of foreign-registered aircraft in that country. Changes include the application of temporary importation regulations for business aircraft as well as regulations affecting landing permits.
“Filled with up-to-date information on important regulatory topics, these resources are another example of the highly useful content developed by NBAA and its Tax Committee,” said Korns.