Emperador Inc (EMI) has clarified the arrangements for collecting and remitting the Philippines stock transaction tax (STT) on the sale of its shares traded on the Singapore Exchange Securities Trading Limited (SGX-ST).

The STT, set at 0.1% of the gross selling price of the shares—down from 0.6%—is a final tax payable by the seller and must be withheld by the selling stockbroker at trade settlement. The 0.1% rate will apply from Jul, 01 2025 following the enactment of the Capital Markets Efficiency Promotion Act.

Singapore brokers may remit the withheld STT to the Philippines Bureau of Internal Revenue through BDO Securities Corporation, the appointed receiving and remitting agent, or via other channels such as their Philippines-affiliated brokers.

The brokers currently onboarded with BDO are: • 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 (currently not offering EMI trading to retail clients) • 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 • UOB Kay Hian Private Limited

If a broker’s arrangement with the receiving agent ends, it must implement alternative STT remittance procedures; otherwise, its clients may be unable to trade EMI shares on the SGX-ST. Emperador advises investors to consult their brokers on STT payment processes and any related fees.