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good day!
In buying and selling stocks through the stock market, does one have to pay document stamp taxes? if yes, how much? does it depend on the value of the transaction?
what other fees/charges are supposed to be paid in buying and selling stocks in the stock market?
thanks and appreciate your help!
Hi!
These are the fees deducted from your buying/selling of stocks:
*Commission- goes to your brokerage firm
* VAT - goes to BIR 12% of the commission fee
* Sales Tax and cancellation fee (applicable if selling your shares and if in certificate format)
*PCD fee - goes to PCD
*SCCP fee- goes to SCCP
*DOC stamps.- depends on your transaction amount
hope this helps.
Originally Posted by splukutum
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