Emperador Inc. (EMI) said that sales of its shares on the Singapore Exchange Securities Trading Limited are subject to a Philippine stock transaction tax (STT) of 0.1 % of the gross selling price, payable by the seller and withheld by the executing Singapore broker.

The company noted that the STT, reduced from 0.6 %, will take effect on Jul, 01 2025 following the passage of Republic Act No. 122141, also known as the Capital Markets Efficiency Promotion Act. Brokers are required to collect the tax at settlement and remit it to the Philippines Bureau of Internal Revenue.

Brokers may channel the payments through BDO Securities Corporation, appointed as receiving and remitting agent, or through other avenues such as affiliated Philippine brokers.

As at the date of the notice, 17 Singapore brokers—including CGS-CIMB Securities (Singapore) Pte. Ltd., Citigroup Global Markets Singapore Securities Pte. Ltd., CLSA Singapore Pte. Ltd., Daiwa Capital Markets Singapore Limited and DBS Vickers Securities (Singapore) Pte Ltd—have been onboarded with BDO Securities.

Should any broker terminate its arrangement with BDO Securities, it must implement alternative procedures to continue collecting and remitting STT; otherwise, clients trading through that broker may be unable to transact in Emperador shares on the SGX.

Emperador advised investors to consult their professional advisers and brokerage firms regarding STT payments, as well as any additional charges.