Emperador Inc. (EMI) said that sales of its shares on the Singapore Exchange Securities Trading Limited (SGX-ST) are subject to a stock transaction tax (STT) of 0.1 % of the gross selling price, to be collected from sellers at settlement and remitted to the Philippines Bureau of Internal Revenue (BIR).

The company noted that BDO Securities Corporation has been appointed as the receiving and remitting agent for Singapore brokers that elect to channel the tax through this facility. Brokers may also use other remittance avenues, such as affiliated Philippine brokers, to meet their obligations.

As of the announcement date, the following Singapore brokers have been 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 establish alternative procedures to continue collecting and remitting STT; otherwise, clients may be unable to trade EMI shares on the SGX-ST.

The company reminded investors to consult their advisers and brokers regarding tax, legal implications and any fees related to STT payments.