For the Buyer:
Philippine Stock Exchange (PSE) fees equivalent to 0.005% of the gross amount. Gross amount refers to the number of shares bought multiplied by the price per share. Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the gross amount. Broker’s Commission of 0.25% based on the total gross value of the shares purchased or a minimum of Php20.00. Value Added Tax (VAT) equivalent to 12% of the broker’s commission.
To Illustrate:
Client buys 1,000 BPI shares at P50 (Par value is P5.00)
Gross Amount of his purchase is P50,000.
The applicable fees for this transaction are:
| Commissions(0.25% of P50,000) | 125.00 |
| VAT(12% of P125) | 15.00 |
| Transaction fees(0.005% of P50,000) | 2.50 |
| SCCP fees(0.01% of P50,000) | 5.00 |
| TOTAL BUYER FEES | P147.50 |
For The Seller:
Stock Transaction Tax (Final Withholding Tax withheld by the Broker) equivalent to 0.6% of the gross selling proceeds. Gross selling proceeds refer to total number of shares sold multiplied by the price per share. Transaction fees equivalent to 0.005% of the gross selling proceeds bought. Securities Clearing Corporation of the Philippines (SCCP) fees equivalent to 0.01% of the gross selling proceeds. Broker’s Commission of 0.25% based on the total gross selling proceeds or a minimum of Php20.00. Value Added Tax (VAT) equivalent to 12% of the broker’s commission.
To Illustrate:
Client sells 1,000 BPI shares at P50 (Par value is P5.00)
Gross selling proceeds of his sale is P50,000.
The applicable fees for this transaction are:
| Commissions(0.25% of P50,000) | 125.00 |
| VAT(12% of P125) | 15.00 |
| Stock Transaction Tax (50,000 x 0.6%) | 300.00 |
| Transaction fees(0.005% of P50,000) | 2.50 |
| SCCP fees(0.01% of P50,000) | 5.00 |
| TOTAL SELLER FEES | P447.50 |