COL Financial (formerly CitisecOnline) - Page 11 | Personal Investing and Money Management | PinoyExchange

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1. Originally Posted by Ducati_Diavel
For COL:

 Sales Tax 20,000 x P5.20 x .005 P520
try to compute same gross amount for AB Capital, you will arrive at the same P520.

2. Originally Posted by pisomatters
try to compute same gross amount for AB Capital, you will arrive at the same P520.
Oo, nga pala tama ka pisomatters same lang pala, naduling ata ako dun naka convert na pala into decimal yung sa COL.

Yung sa AB CAP naka percentage pa.

Thanks for the correction.

So, same lang pala sila sa fees, commissions, and VAT.

3. Originally Posted by BatotoyBibo
Thanks for the fees comparison Ducati. I have plans to open an account with ABC pa naman pero mas mahal pala. I did try their trial account pero mas maganda pa rin colfinancial IMO.
Same lang sila sa fees. The errors has been corrected already.

Thanks to pisomatters.

4. I overlooked that, thanks!

5. you are welcome. =)

6. Originally Posted by Ducati_Diavel
Oo, nga pala tama ka pisomatters same lang pala, naduling ata ako dun naka convert na pala into decimal yung sa COL.

Yung sa AB CAP naka percentage pa.

Thanks for the correction.

So, same lang pala sila sa fees, commissions, and VAT.
Mandated ng BIR ang 1/2 of 1% percentage tax (sales tax/stocks transaction tax) to all stock sales, trades or transactions sa PSE through online trading facilities.

7. Meron palang VAT either sa pag BUY or sell ng stocks even if nalugi ka sa pag sell ng stocks.

8. Sample computation.

Bought 1000 @ 5pesos/share = 5000
Sold 1000 @ 5.50pesos/share = 5500

less 12% VAT
5500*0.12= 660 Pesos

= 5500-660
= 4,840

*Wala pa diyan yung fees and commissions.

9. Please check - the VAT is 12% of the commission, not of the gross buying/selling value of the shares.

10. Originally Posted by JEOGM360
Sample computation.

Bought 1000 @ 5pesos/share = 5000
Sold 1000 @ 5.50pesos/share = 5500

less 12% VAT
5500*0.12= 660 Pesos

= 5500-660
= 4,840

*Wala pa diyan yung fees and commissions.
The Commission fee has a minimum charge of P20.00 per transaction. And if you require a broker-assisted trade, the commission charge is .5% of the Gross Trade Amount.

The proper computation should be:

Commission (1,000 shares x P5.00) X .25%= P12.50 = 20.00 (minimum)
VAT (P12.50 x 12%) = 2.40
PSE Transaction Fee (1,000 shares x P5.00) x .005% = .25
Securities Clearing
Corporation of the
Philippines Fee (SCCP) (1,000 shares x P5.00) x .01% = .50

TOTAL Fees and Taxes for Buying = P23.15

For SELLing:

Commission (1,000 shares x P5.20) X .25%= P13 = P20.00 (minimum)
VAT (P20 x 12%) = 2.40
PSE Transaction Fee (1,000 shares x P5.20) x .005% = .26
Securities Clearing
Corporation of the
Philippines Fee (SCCP) (1,000 shares x P5.20) x .01% = .52

TOTAL Fees and Taxes for SELLing = P23.18

11. ^SELLing is also subject to .5% sales tax

12. Originally Posted by dementedkid
^SELLing is also subject to .5% sales tax
That's right. Forgot to include that one. Thanks @dementedkid

So that would be an additional P26 to your total selling fees and taxes.

(1,000 shares x P5.20) x .005 = P26

P23.18 + P26 = P49.18

13. Originally Posted by burndvinyard
TOTAL Fees and Taxes for Buying = P23.15

TOTAL Fees and Taxes for SeLLing = P49.18
So based on this computation, kelangan mo munang mag-gain ng more or less P75 just to break-even. Tama ba? Kumbaga, that will be one of your basis or easiest (shortcut) way to know kung talagang nag-gain ka na nga ba or hindi pa. Am I right po ba?

14. Let's keep it plain and simple, all stocks bought or sold on the market are subject to tax.

Please check - the VAT is 12% of the commission, not of the gross buying/selling value of the shares.
As per PSE website :

Amount of Transaction (php)
= No. of shares Bought or Sold x Buying or Selling Price

Stockbroker's Commission (php) =
( Amount of Transaction x Commission Rate ) + 12% VAT

In short, it's the gross right.

16. No, it is not the gross. I was replying to Post 211, in which he calculated VAT on the gross selling price, giving him P660 - an extremely large amount which would make his trade unprofitable. That is not the case.

The VAT should be calculated on the commission, not the gross selling price.

No, it is not the gross. I was replying to Post 211, in which he calculated VAT on the gross selling price, giving him P660 - an extremely large amount which would make his trade unprofitable. That is not the case.

The VAT should be calculated on the commission, not the gross selling price.
Oo nga, mali yung computation nya.

Sorry . . .

Happy Valentines Day

No, it is not the gross. I was replying to Post 211, in which he calculated VAT on the gross selling price, giving him P660 - an extremely large amount which would make his trade unprofitable. That is not the case.

The VAT should be calculated on the commission, not the gross selling price.
Kuya Danny, agree na ako dito.

Sa brokers commission kunin dapat ang VAT.

19. Hello po sa lahat!

Originally Posted by JEOGM360
Sample computation.

Bought 1000 @ 5pesos/share = 5000
Sold 1000 @ 5.50pesos/share = 5500

less 12% VAT
5500*0.12= 660 Pesos

= 5500-660
= 4,840

*Wala pa diyan yung fees and commissions.
Ganun po?
Bakit kasama yun 5k sa tax na 12% kung after tax na money na yon? I mean kung sweldo ng isang empleyado ito. Dapat ang tax ay yun earnings lang diba?

Sorry paki correct lang po ako baka mali.

Balak ko kasi magopen sa COL kaso nabasa ko ito parang nahilo ako puro numbers, =)) biro lang.

20. @blue kinorect nga yan ni KuyaDanny, baka may na skip kang posts.

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