Emperador Inc. (EMI) has detailed the mechanism for collecting and remitting the Philippine stock transaction tax (STT) on sales of its shares executed on the Singapore Exchange Securities Trading Limited (SGX-ST).

The company said transactions in its shares are subject to an STT of 0.1 per cent of the gross selling price, payable by the seller and to be withheld by Singapore brokers at settlement. The new 0.1 per cent rate, reduced from 0.6 per cent, will apply from Jul, 01 2025 under Republic Act No. 12214, or the Capital Markets Efficiency Promotion Act.

Brokers can remit the collected tax to the Philippines’ Bureau of Internal Revenue through BDO Securities Corporation, which acts as the receiving and remitting agent. Eighteen Singapore brokers, including CGS-CIMB Securities (Singapore) Pte. Ltd., DBS Vickers Securities (Singapore) Pte. Ltd., JP Morgan Securities Singapore Private Limited and UBS Securities Pte. Ltd., have been onboarded to use this facility.

Should any broker discontinue its arrangement with BDO or if the agency role ceases, the broker must implement alternative procedures to ensure timely remittance of STT; otherwise, its clients may be unable to trade EMI shares on the SGX-ST.

Emperador urged investors to consult their advisers and brokers about the tax implications, remittance arrangements and any additional fees tied to STT payments.