Business Today
Loading...

Japan plans to temporarily slash aviation fuel tax by 80%

The nation is considering lowering the tax from 18,000 yen ($172.58) per kiloliter to 4,000 yen during fiscal 2021

twitter-logoReuters | December 1, 2020 | Updated 12:17 IST
Japan plans to temporarily slash aviation fuel tax by 80%

Japan plans to temporarily cut its aviation fuel tax by 80% at most to help the airline industry, which is struggling with the impact of the coronavirus pandemic, the Kyodo news agency reported on Tuesday.

The nation is considering lowering the tax from 18,000 yen ($172.58) per kiloliter to 4,000 yen during fiscal 2021, the report said.

But the government and the ruling coalition will carefully discuss the level of tax cut as the nation needs to secure funds for managing airports, the report said.

Also read: Air India pilot unions urge Aviation Minister to intervene on wage cut issue

  • Print
  • COMMENT
BT-Story-Page-B.gif
A    A   A
close