Emperador lists 17 Singapore brokers authorised to remit Philippine stock tax on SGX trades

SGX Filings

May 15

Emperador Inc. (EMI) said on May, 15 2026 that the sale of its shares on the Singapore Exchange is subject to a Philippine stock transaction tax (STT) of 0.1% of the gross selling price, with the rate to apply from Jul, 01 2025 under the Capital Markets Efficiency Promotion Act.

The company confirmed that Singapore brokers must collect the STT from sellers at settlement and remit it to the Philippine Bureau of Internal Revenue. Emperador has appointed BDO Securities Corporation as receiving and remitting agent, and 17 Singapore brokers have been onboarded to use this facility: CGS-CIMB Securities (Singapore), Citigroup Global Markets Singapore Securities, CLSA Singapore, Daiwa Capital Markets Singapore, DBS Vickers Securities (Singapore), iFAST Financial, Instinet Singapore Services, JP Morgan Securities Singapore, KGI Securities (Singapore), Lim & Tan Securities, Macquarie Capital Securities (Singapore), Maybank Securities, OCBC Securities, Philip Securities, Tiger Brokers (Singapore), UBS Securities and UOB Kay Hian.

If a broker ends its arrangement with BDO or fails to remit the collected STT, it must provide an alternative remittance method; otherwise, clients may be unable to trade Emperador shares on the SGX. Non-payment or late payment of STT can attract a 25% surcharge, 12% annual interest and criminal penalties under Philippine tax law.

The company advised shareholders to consult their brokers and professional advisers on the tax and legal implications of trading Emperador shares on the SGX.

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(EMI) said on May, 15 2026 that the sale of its shares on the Singapore Exchange is subject to a Philippine stock transaction tax (STT) of 0.1% of the gross selling price, with the rate to apply from Jul, 01 2025 under the Capital Markets Efficiency Promotion Act.</p>\n<p>The company confirmed that Singapore brokers must collect the STT from sellers at settlement and remit it to the Philippine Bureau of Internal Revenue. 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(EMI) said on May, 15 2026 that the sale of its shares on the Singapore Exchange is subject to a Philippine stock transaction tax (STT) of 0.1% of the gross selling price, with the rate to apply from Jul, 01 2025 under the Capital Markets Efficiency Promotion Act.</p>\n<p>The company confirmed that Singapore brokers must collect the STT from sellers at settlement and remit it to the Philippine Bureau of Internal Revenue. 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Emperador has appointed BDO Securities Corporation as receiving and remitting agent, and 17 Singapore brokers have been onboarded to use this facility: CGS-CIMB Securities (Singapore), Citigroup Global Markets Singapore Securities, CLSA Singapore, Daiwa Capital Markets Singapore, DBS Vickers Securities (Singapore), iFAST Financial, Instinet Singapore Services, JP Morgan Securities Singapore, KGI Securities (Singapore), Lim & Tan Securities, Macquarie Capital Securities (Singapore), Maybank Securities, OCBC Securities, Philip Securities, Tiger Brokers (Singapore), UBS Securities and UOB Kay Hian.\nIf a broker ends its arrangement with BDO or fails to remit the collected STT, it must provide an alternative remittance method; otherwise, clients may be unable to trade Emperador shares on the SGX. 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