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RA 9648: Exempting DST Any Sale, Barter or Exchange of Shares of Stocks Listed and Traded through the Exchange

RA 9648: Exempting  DST Any Sale, Barter or Exchange of Shares of Stocks Listed and Traded through the Exchange

Enhances the development of the capital market by exempting from the documentary stamp tax the sale, barter or exchange of shares of stocks listed and traded through the local stock exchange. It aims to reduce the trading costs for investors and boost the liquidity of the stock market.

Signed by GMA on 06/30/2009

Source: http://www.officialgazette.gov.ph/2009/06/30/republic-act-no-9648/