Commissions On Capital Market Transactions Now VAT Exempt

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The Finance Minister has amended the list of "Services Exempt" from Value Added Tax (VAT) to include commissions on transactions in the Nigeria Capital Market.

Nigeria Tax

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The Finance Minister has amended the list of "Services Exempt" from Value Added Tax (VAT) to include commissions on transactions in the Nigeria Capital Market. The Exemption Order is effective from 25 July 2014 and it is applicable for a period of 5 years from commencement.

See our publication below for further insights. I have also uploaded a copy of the Order for your reference.

Download PwC Tax Alert - VAT exemption on Capital Market Transactions_Oct 2014

Download Sock Market VAT Exemption Regulation

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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Taiwo Oyedele

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Commissions On Capital Market Transactions Now VAT Exempt

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