Digital Telecommunication Phils., Inc. Computation of Documentary Stamp Tax for the Trading of Philippine Deposit Receipts ("PDRs")
PSE Circular for Brokers No. 2550-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 7, 1999
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October 7, 1999 PSE CIRCULAR FOR BROKERS NO. 2550-99 SUBJECT : Digital Telecommunication Phils., Inc. Computation of Documentary Stamp Tax for the Trading of Philippine Deposit Receipts ("PDRs") EXECUTIVE SUMMARY Please be informed that the computation for Documentary Stamp Tax in relation to trading of the PDRs is as follows: P1.50 for every P200.00 based on the par value of the underlying ABS-CBN Broadcasting Corporation ("ABS-CBN") shares, LibLex where the par value of ABS-CBN shares = P1.00 per share or P1.50 * P1.00 = P0.0075 per PDR P200.00 For your information and guidance. (SGD.) JOSE LUIS U. YULO, JR. President and CEO
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