Increase tax on non-resident aircraft rentals

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EXECUTIVE ORDER NO. 437: Increase tax on non-resident aircraft rentals

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Title Supreme Court: Increase tax on non-resident aircraft rentals

Law: Executive Order No. 437

Decision Date: Nov 23, 1990

Executive Order No. 437 increases the tax rate on rentals, charter, and other fees earned by non-resident lessors of aircraft in order to reduce regressivity in the income tax system and maintain preferential tax treatment, impacting the profitability of non-resident lessors and shifting the burden of taxation towards higher-income individuals or entities.

tax hike

aircraft rentals

charter fees

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