Standard taxes applicable when buying a stock via GStocks PH
| For Buyers | |
| Philippine Stock Exchange (PSE) transaction fees | 0.005% of the gross trade amount |
| Securities Clearing Corporation of the Philippines (SCCP) fees | 0.01% of the gross trade amount |
| Broker's Commission | 0.25% based on the total gross amount or a minimum of PHP 20, whichever is higher |
| Value Added Tax (VAT) | 12% of the broker's commission |
To illustrate:
- Client buys 1,000 BPI* shares at PHP 50 (Par value is PHP 10)
- Gross Amount of his purchase is PHP 50,000
The applicable fees for this transaction are:
| Transaction fees | PHP 2.50 |
| SCCP fees | PHP 5.00 |
| Commissions | PHP 125.00 |
| VAT | PHP 15.00 |
*Sample here is illustrative, not a recommendation.
| For Sellers | |
| Stock Transaction or Sales Tax (Final Withholding Tax withheld by the Broker) | 0.6% of the gross selling proceeds |
| Philippine Stock Exchange (PSE) transaction fees | 0.005% of the gross selling proceeds bought |
| Securities Clearing Corporation of the Philippines (SCCP) fees | 0.01% of the gross selling proceeds |
| Broker's Commission | 0.25% based on the total gross selling proceeds or a minimum of PHP 20, whichever is higher |
| Value Added Tax (VAT) | Equivalent to 12% of the broker's commission |
*Gross selling proceeds refer to the total number of shares sold multiplied by the price per share.
To illustrate:
- Client sells 1,000 BPI* shares at PHP 50 (Par value is PHP 10)
- Gross selling proceeds of his sale is PHP 50,000
The applicable fees for this transaction are:
| Stock Transaction Tax | PHP 300.00 |
| Transaction fees | PHP 2.50 |
| SCCP fees | PHP 5.00 |
| Commissions | PHP 125.00 |
| VAT | PHP 15.00 |
*Sample here is illustrative, not a recommendation.