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E-commerce

E-commerce

The E-commerce industry is the next frontier for the emerging markets, its an unstoppable evolution

Consumer Online expenditure is projected to be $297 million by 2018 which would be twice its current size

Trade Incentives

Tax related incentives include:
» 50% reduction in WHT on dividends payable to an investor in Venture project company
» Capital allowance of 100% spread over 5 years
» Zero capital gains tax on capital disposal within 5 years


Tax

» CIT – 30%
» ET – 2%
» Custom duties – Between 5% to 75%


Regulatory Bodies

» National Information Technology Development Agency
» National Electronic Commerce Council