The Congress of the Philippines has approved the Capital Markets Efficiency Promotion Act (CMEPA) on 5 February 2025.
These tax measures include reducing the stock transaction tax rate from 0.6% to 0.1% and cutting the documentary stamp tax on original share issuance from 1.0% to 0.75%.
Earlier, the Philippine Senate passed the Capital Markets Efficiency Promotion Act (CMEPA) on 29 January 2025. The CMEPA) is expected to draw more Filipinos to invest in the country’s capital markets.
“The Capital Markets Efficiency Promotions Act (CMEPA) will not only make investments more affordable, but it will also empower our countrymen to take control of their financial futures,” Senator Sherwin T. Gatchalian said following the Senate’s approval of the proposed measure.
“We have come up with a piece of legislation that seeks to promote capital market development, increase capital mobility, and enhance financial inclusion,” Gatchalian said, referring to the CMEPA.
The senator emphasised that strengthening the capital market would give people the chance to grow their savings and encourage more investments.
