A stock transaction tax hike approved by legislators would make the local market “uncompetitive”, the chief of the Philippine Stock Exchange (PSE) said.

The increase — included in the first package of the government’s comprehensive tax reform program — raises the tax to 0.6 percent from 0.5 percent.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details