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Under Section 17 of Republic Act No. 12214, also known as the “Capital Markets Efficiency Promotion Act” or “CMEPA”, the stock transaction tax (STT) was decreased from six-tenths of one percent (6/10 of 1%) to one-tenths of one percent (1/10 of 1%) of the gross selling price or gross value in money of the shares of stock sold, exchanged, or otherwise disposed. Section 29 of CMEPA states that the law shall take effect on July 1, 2025, following its complete publication in the Official Gazette or in at least one (1) newspaper of general circulation.
On the premise that publication of CMEPA will be completed before July 1, 2025, the STT of one-tenths of one percent (1/10 of 1%) shall apply to transactions through the Exchange made on July 1, 2025 onwards. |
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
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