Investors could pay about N2.5 billion yearly as additional costs on transactions, following the Federal Government’s resumption of Value Added tax (VAT) collection on stock market transactions.
Investors would pay an average of N2.49 billion yearly or N207 million monthly, based on transactions in the past two years.
A five-year VAT exemption granted to the stock market on July 25, 2014 expired on July 24, 2019. The Federal Government did not renew the exemption, thus the Nigerian Stock...
Fed Govt’s VAT reversal to cost investors N2.5b - The Nation
Investors would pay an average of N2.49 billion yearly or N207 million monthly, based on transactions in the past two years.
A five-year VAT exemption granted to the stock market on July 25, 2014 expired on July 24, 2019. The Federal Government did not renew the exemption, thus the Nigerian Stock...
Fed Govt’s VAT reversal to cost investors N2.5b - The Nation