The following lists the corresponding charges for buying and selling transactions:
FOR BUYING AND SELLING:
| FEE | AMOUNT | REMARKS |
|---|---|---|
| Commission* | 0.25% | Of the Gross Trade Amount |
| Value Add Tax (VAT) | 12% | Of Commission |
| Philippine Stock Exchange Transaction Fee (PSE Trans Fee) | 0.005% | Of the Gross Trade Amount |
| Securities Clearing Corporation of the Philippines Fee (SCCP) | 0.01% | Of Gross Trade Amount |
ADDITIONAL FEE FOR SELLING | ||
| Sales Tax | No. of Shares x Price x 0.6% | |
* NOTE: The Commission fee has a minimum charge of P20.00 per transaction. And if you require a broker-assisted trade, the commission charge is 0.5% of the Gross Trade Amount.
Example:
Buying - Total fees for buying 20,000 shares of ALI at Php5.00/share
| FEE | COMPUTATION | AMOUNT |
|---|---|---|
| Commission | (20,000 x P5.00) x 0.25% | P250.00 |
| VAT | P250 x 12% | P30.00 |
| PSE Trans Fee | (20,000 x P5.00) x 0.005% | P5.00 |
| SCCP | (20,000 x P5.00) x 0.01% | P10.00 |
| Total | P295.00 |
Selling - Total fees for selling 20,000 shares of ALI at Php5.20/share
| FEE | COMPUTATION | AMOUNT |
|---|---|---|
| Commission | (20,000 x P5.20) x 0.25% | P260.00 |
| VAT | P260 x 12% | P31.20 |
| PSE Trans Fee | (20,000 x P5.20) x 0.005% | P5.20 |
| SCCP | (20,000 x P5.20) x 0.01% | P10.40 |
| Sales Tax | 20,000 x P5.20 x 0.6% | P624.00 |
| Total | P930.80 |
Each computed charge listed above are rounded to hundredths (2 decimal places) using Symmetric Arithmetic Rounding for the calculation of the total fees.
Example:
3.046 rounded to hundredths is 3.05 (because the next digit, 6, is 5 or more).
3.045 rounded to hundredths is 3.05 (because the next digit, 5, is 5 or more).
Below is an excel file for you to download and use to help you compute for the fees. Feel free to use and we hope it helps.