Advisories

Salient provisions under the CMEPA include the reduction of the stock transaction tax to 0.1 percent from 0.6 percent, as well as the lowering of the documentary stamp tax (DST) on the original issue of shares to 0.75% from 1%, which are seen to promote greater market liquidity and investor participation.

President Ferdinand R. Marcos, Jr. on May 29 signed into law, Republic Act No. 12214 or the Capital Markets Efficiency Promotion Act (CMEPA).

You may visit the official gazette website: https://www.officialgazette.gov.ph/hKIjJ6