Increase In VAT On Stockbroking Transactions Takes Effect From February 1st 2020

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Friday, January 31, 2020 01:55 PM / News/ Header Image Credit: mrpaintsman.com

 

Sequel to the implementation of the Finance Act 2019, kindly be informed that effective 1st February 2020, Value Added Tax (VAT) charged on commissions applicable to capital market transactions will increase from 5% to 7.5%.


 These include commissions:

i.                 earned by Dealing Members on the traded value of shares; and

ii.               payable to The Nigerian Stock Exchange (NSE) and the Central Securities Clearing System Plc. (CSCS).

 

For further enquiries, please send an email to research@proshareng.com and/or content@proshareng.com . You can also contact your stockbroker(s) for further information.

 

Proshare Nigeria Pvt. Ltd.


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Proshare Nigeria Pvt. Ltd.


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