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Please note that effective 25 July 2019, VAT is to be charged on all commissions applicable to capital market transactions which include Commissions –
a. earned on the traded value of shares
b. payable to the Securities & Exchange Commission
c. payable to the NASD OTC Securities Exchange
d. payable to the Central Securities Clearing System
For more details see
https://nasdng.com/rules-regulations/circulars/
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