NSE to re-introduce 5% VAT on transactions as waiver expires

Stockbrokers will now charge 5 per cent VAT on transactions on the Nigerian Stock Exchange (NSE) as the five-year Order for Exemption of VAT on all NSE transactions expires. So what are the implications? CNBC Africa’s Christy Cole is joined by Managing Director of Capital Bancorp, Aigboje Higo, partner & West Africa Tax leader at PwC Nigeria, Taiwo Oyedele, Executive Chairman of FIRS, Babatunde Fowler and Chief Equity Analyst of Palesa Capital, Nornah Awoh for more.

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