Emperador Inc. (EMI) confirmed that sales of its shares on the Singapore Exchange Securities Trading Limited are subject to a 0.1 % stock transaction tax, calculated on the gross selling price and payable to the Philippines Bureau of Internal Revenue.
The tax is withheld by the selling shareholder’s Singapore broker at settlement. Brokers may remit the collected amount through BDO Securities Corporation, appointed as receiving and remitting agent, or via other approved channels such as affiliated Philippine brokers.
Seventeen Singapore brokers are currently 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.; 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.
Emperador added that if a broker’s arrangement with the receiving agent ends, the broker must implement an alternative payment method to remain compliant. Without such arrangements, shareholders using that broker may be unable to trade EMI shares on the SGX-ST.
The company reminded investors that the latest 0.1 % tax rate reflects changes introduced under the Capital Markets Efficiency Promotion Act, effective Jul, 01 2025, and urged shareholders to consult their advisers regarding any tax, legal or fee implications.