Emperador Inc. said on Oct, 9 2025 that sales of its shares on the Singapore Exchange Securities Trading Limited are subject to a Philippine stock transaction tax of 0.1 per cent of the gross selling price. The tax, which is borne by the seller, will be collected by the Singapore broker at settlement and must be remitted to the Philippines Bureau of Internal Revenue.

The company appointed BDO Securities Corporation as the receiving and remitting agent, and 17 Singapore brokers have been onboarded to route the tax through BDO. The brokers are CGS-CIMB Securities, Citigroup Global Markets Singapore Securities, CLSA Singapore, Daiwa Capital Markets Singapore, DBS Vickers Securities, iFAST Financial, Instinet Singapore Services, JP Morgan Securities Singapore, KGI Securities Singapore, Lim & Tan Securities, Macquarie Capital Securities Singapore, Maybank Securities, OCBC Securities, Philip Securities, Tiger Brokers Singapore, UBS Securities Singapore and UOB Kay Hian.

If a broker’s arrangement with BDO ends, the broker must establish an alternative payment method before clients can continue trading Emperador shares on the SGX. Failure by shareholders or brokers to pay, collect or remit the tax may lead to surcharges, interest of 12 per cent per year, fines of at least ₱10,000 and possible jail terms of up to 10 years under Philippine law.

Emperador cautioned that the enforcement approach of Philippine authorities toward foreign brokers and investors remains uncertain and could pose additional risks. The company advised investors to consult their own advisers and brokers regarding the tax and any related fees.

The distilled-spirits producer, incorporated in the Philippines in 2001 and secondary-listed on the SGX since Jul, 14 2022, operates as a subsidiary of Alliance Global Group Inc.