Emperador Inc. said trading of its shares on the Singapore Exchange Securities Trading Limited remains subject to a Philippine stock transaction tax of 0.1% of the gross selling price, with the levy collected from the seller on settlement date and remitted to the Philippines Bureau of Internal Revenue.
Singapore brokers may channel the tax through BDO Securities Corporation, appointed as the receiving and remitting agent, or use other remittance options such as their Philippine-affiliated brokers.
The company listed 17 Singapore brokers that have already onboarded with BDO Securities Corporation, including CGS-CIMB Securities (Singapore) Pte. Ltd., Citigroup Global Markets Singapore Securities Pte. Ltd. and UBS Securities Pte. Ltd.
If a broker’s arrangement with the receiving agent ends and no alternative remittance method is in place, clients of that broker could be temporarily unable to trade Emperador shares on the Singapore exchange, the company said.
The current 0.1% rate reflects the reduced levy under the Capital Markets Efficiency Promotion Act, effective Jul, 01 2025. Emperador advised investors to consult their brokers and professional advisers on tax and fee implications when trading its shares on the SGX-ST.