Emperador Inc. (EMI) has confirmed that sales of its shares on Singapore Exchange Securities Trading Limited (SGX-ST) are subject to a Philippine stock transaction tax (STT) of 0.1% of the gross selling price or gross value in money, down from 0.6%. The reduced rate takes effect on Jul, 1 2025 under the Capital Markets Efficiency Promotion Act (Republic Act No. 12214).

STT is a final tax payable by the seller and must be withheld by the selling Singapore broker at trade settlement. Collected amounts are to be remitted to the Philippines Bureau of Internal Revenue (BIR).

BDO Securities Corporation has been appointed as the receiving and remitting agent. To date, 17 Singapore brokers have been onboarded with BDO, including CGS-CIMB Securities (Singapore) Pte. Ltd., Citigroup Global Markets Singapore Securities Pte. Ltd., CLSA Singapore Pte. Ltd., DBS Vickers Securities (Singapore) Pte. Ltd., iFAST Financial Pte. Ltd., JP Morgan Securities Singapore Private Limited, and UBS Securities Pte. Ltd.

If a broker ceases using BDO or if BDO stops acting as receiving agent, the broker must put alternative remittance arrangements in place; otherwise, clients may be unable to trade EMI shares on SGX-ST.

Emperador urged shareholders to consult their advisers and their brokers regarding STT payment procedures and any additional fees that may apply.