Emperador Inc. confirmed that sales of its shares on the Singapore Exchange are subject to a 0.1% stock transaction tax on the gross selling price, payable by the seller and to be remitted to the Philippines Bureau of Internal Revenue.

The company appointed BDO Securities Corporation as the receiving and remitting agent for the tax. Singapore brokers can transmit the collected levy to the tax authority through BDO or through other channels such as affiliated Philippine brokers.

As at the latest update, 17 Singapore brokers have been onboarded with BDO: 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.; 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.; and UOB Kay Hian Private Limited.

If a broker’s arrangement with BDO ends or BDO ceases its role, the broker must establish an alternative remittance process before continuing to facilitate trading in Emperador shares. Until a new method is in place, clients of that broker may be unable to sell the stock on the exchange.

The 0.1% rate reflects a reduction from 0.6% and is scheduled to take effect on Jul, 01 2025 under the Capital Markets Efficiency Promotion Act. Emperador advised investors to consult their brokers on the tax payment process and any additional fees.