Emperador Outlines Stock Transaction Tax Process for SGX Trades and Names Onboarded Brokers
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Emperador Inc. has announced that trades of its shares on the Singapore Exchange are subject to a 0.6% stock transaction tax, payable by the seller and remitted to the Philippine Bureau of Internal Revenue. BDO Securities Corporation is appointed as the remitting agent, with major Singapore brokers onboarded for tax compliance. The company warns of potential trading disruptions if brokers' arrangements with BDO end without alternatives. The latest analyst rating for Emperador stock is a Sell with a S$0.23 price target.
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