Posted By: | October 31, 2021 |

Developments: Finance Acts 2020 and the Tax Treatment of Regulated Securities Lending Transactions in Nigeria

In January and December 2020, Nigeria enacted two Finance Acts (FA1 2020 and FA22020)4 respectively, which amended virtually all substantive Nigerian tax legislation, and inter alia, introduced provisions impacting the
tax treatment of regulated securities lending transactions (RSLT)5. Essentially, they are now exempted from tax, seemingly as part of the regulatory goal to encourage SL transactions.

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