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Statutory Fees Update

Statutory Fees Update

TO ALL MARKET PARTICIPANTS,

This is to notify you that statutory fees will be updated to reflect the increase in VAT from 5% to 7.5% effective from February 1st, 2020.

All trades executed on exchanges and services provided by CSCS will be updated thus;

BUYSELL
EXCHANGE (NSE) SEC0.3%
NSE0.3%
NSE VAT7.5%
CSCS0.3%
CSCS VAT7.5%
ALERT#4/TRANSACTION#4/TRANSACTION
VAT ON ALERT7.5%7.5%
STAMP DUTY0.075%0.075%
BROKER CHARGE plus VAT1.45%1.45%
EXCHANGE (NASD) SEC0.2%
NASD0.25%0.25%
NASD VAT7.5%7.5%
CSCS0.2%
CSCS VAT7.5%
ALERT#4/TRANSACTION#4/TRANSACTION
VAT ON ALERT7.5%7.5%
STAMP DUTY0.075%0.075%
BROKER CHARGE plus VAT1.45%1.45%
EXCHANGE (LCFE) SEC0.3%
LCFE0.5%0.5%
LCFE VAT7.5%7.5%
CSCS0.3%
CSCS VAT7.5%
ALERT#4/TRANSACTION#4/TRANSACTION
VAT ON ALERT7.5%7.5%
STAMP DUTY0.075%0.075%
BROKER CHARGE plus VAT1.45%1.45%
EXCHANGE (NSE-BOND) SEC
NSE
NSE VAT
CSCS#1/Million (Face Value)#1/Million (Face Value)
CSCS VAT7.5%7.5%
ALERT#4/TRANSACTION#4/TRANSACTION
VAT ON ALERT7.5%7.5%
STAMP DUTY0.075%0.075%
BROKER CHARGE plus VAT1.45%1.45%

As always, we are committed to serving you better and we appreciate your business and continued patronage.

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