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