Lower stock transaction tax takes effect next month

Lower stock transaction tax as part of the passage of the Capital Markets Efficiency Promotions Act (CMEPA) will take effect starting next month, according to the Philippine Stock Exchange.

- By Richmond Mercurio

The PSE said that under Section 17 of Republic Act 12214 or CMEPA, the stock transaction tax was decreased to one-tenths of one percent from six-tenths of one percent of the gross selling price or gross value in money of the shares of stock sold, exchanged or otherwise disposed.

The commission said that Section 29 of CMEPA states that the law shall take effect on July 1, 2025, following its complete publication.