Updates
Capital Markets Efficiency Promotion Act (CMEPA)
Per Republic Act No. 12214
President Ferdinand Marcos, Jr. , formally signed into law Republic Act No. 12214 on May 29, 2025, otherwise known as the Capital Markets Efficiency Promotion Act (CMEPA). This landmark legislation aims to enhance the development, accessibility, and overall efficiency of the Philippine capital markets by streamlining regulatory processes.
You may visit the Signed RA at this website: https://bir-cdn.bir.gov.ph/BIR/pdf/Signed%20RA%2012214%20-%20CMEPA.pdf
Stock Transaction Tax, reduced from 0.6% to 0.1%
Effective July 1, 2025
The tax on the sale of shares listed and sold through the local stock exchange has been lowered to 0.1%, a substantial decrease from the previous 0.6% rate, in order to encourage more trading activity and bring it into line with regional rates.