The National Business Aviation Association (NBAA) Tax Committee and Regulatory Issues Advisory Group have joined together to address the confusion about the process of exporting aircraft, creating the members-only “Guide on Exporting Aircraft from the United States.”
Scott O’Brien, NBAA’s senior director of public policy and advocacy, said the guide and its detailed scenarios “now accurately reflect how business aircraft transactions occur, and provide clear direction to the industry.”
The “Guide on Exporting Aircraft from the United States” offers background information on requirements and detailed information on Electronic Export Information (EEI) filings, which the association said has been a source of confusion.
To help clarify who is responsible for filing an EEI, the NBAA spoke with the Census Bureau and Bureau of Industry and Security to review specific business aircraft scenarios.
“With exports of general aviation aircraft, engines and parts reaching more than $130 billion annually, it is crucial that our industry have detailed best practices, guidance and scenarios on requirements including EEI filings,” said O’Brien.
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