Emperador Inc. (EMI) announced updated guidelines for the collection and remittance of the Philippine stock transaction tax (STT) on trades of its shares executed on the Singapore Exchange Securities Trading Limited (SGX-ST).

The sale of EMI shares is subject to a 0.1% STT on the gross selling price (previously 0.6%), following the passage of Republic Act No. 12214, the Capital Markets Efficiency Promotion Act, which takes effect on Jul, 01 2025. The tax is a final levy on the seller and must be withheld by the selling stockbroker and remitted to the Philippines Bureau of Internal Revenue (BIR).

BDO Securities Corporation has been appointed as the receiving and remitting agent. As at the date of the notice, 17 Singapore brokers are onboarded with BDO Securities Corporation: • CGS-CIMB Securities (Singapore) Pte. Ltd. • Citigroup Global Markets Singapore Securities Pte. Ltd. • CLSA Singapore Pte. Ltd. • Daiwa Capital Markets Singapore Limited • DBS Vickers Securities (Singapore) Pte. Ltd. (not currently offering EMI trading to retail clients) • iFAST Financial Pte. Ltd. • Instinet Singapore Services Pte. Ltd. • JP Morgan Securities Singapore Private Limited • KGI Securities (Singapore) Pte. Ltd. • Lim & Tan Securities Pte. Ltd. • Macquarie Capital Securities (Singapore) Pte. Limited • Maybank Securities Pte. Ltd. • OCBC Securities Pte. Ltd. • Philip Securities Pte. Ltd. • Tiger Brokers (Singapore) Pte. Ltd. • UBS Securities Pte. Ltd. • UOB Kay Hian Private Limited.

If a broker terminates its arrangement with the receiving agent or if the receiving agent ceases its role, the broker must establish an alternative remittance channel to continue facilitating EMI share transactions on the SGX-ST. Investors are advised to consult their brokers regarding STT collection, remittance procedures and any additional fees.