As your trusted financial partner, we wish to update you on the changes on some features of Metrobank products and services starting July 1, 2025 following the recent enactment of Republic Act No. 12214, also known as the Capital Markets Efficiency Promotion Act (CMEPA).
In line with the government's goal to create a more inclusive and efficient financial system, CMEPA seeks to simplify the tax treatment of passive income and capital market transactions, reducing investor costs, and aligning the country's tax policies with international standards. This reform benefits both institutional and individual Filipino investors who seek to grow and diversify their investment portfolio.
What this means for you as a Metrobank client?
Beginning July 1, 2025, if you will avail of any of the financial products and services listed below, the new tax rates under CMEPA will apply.
| Effective July 1, 2025 | |
|---|---|
| Uniform Withholding Tax on Interest Income from Peso and Foreign Currency Deposits and similar instruments |
20% Final withholding tax |
| Documentary stamp tax (DST) on issuance, redemption and or disposition of Mutual Fund shares and UITF units |
Exempt from DST |
| Stock Transaction Tax (STT) on listed shares both in domestic and foreign stock exchanges |
Reduced from 0.6 % to 0.1% |
The Bureau of Internal Revenue (BIR) has yet to release the Implementing Rules and Regulations of CMEPA, which may provide further updates on the bank products you have availed with us.
To learn more and ensure you are updated on other changes brought by CMEPA, please visit the BIR's website (https://www.bir.gov.ph/CMEPA).
Should you have questions, please reach out to your Relationship Manager or your branch of account.
Thank you for the continued trust.