Philippines Scraps Stamp Duty On Securities Lending And Borrowing

In the Philippines, the Senate has passed a bill to temporarily abolish Stamp Duty on secondary trades, but exempt securities lending and borrowing transactions from the tax altogether. The President is expected to sign the legislation into law this month.

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In the Philippines, the Senate has passed a bill to temporarily abolish Stamp Duty on secondary trades, but exempt securities lending and borrowing transactions from the tax altogether. The President is expected to sign the legislation into law this month.

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