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The Philippine Star
December 6, 2025 | 12:00am
In a stock exchange filing, the PSE said that it received a final assessment notice from the BIR assessing the company deficiency income tax, expanded withholding tax, withholding tax on compensation, final withholding value-added tax, fringe benefit tax and documentary stamp tax for the calendar year 2022 in the total amount of P195.24 million.
STAR / Russell Palma
MANILA, Philippines — The Philippine Stock Exchange Inc. (PSE) plans to dispute a P195.24-million tax assessment by the Bureau of Internal Revenue (BIR).
In a stock exchange filing, the PSE said that it received a final assessment notice from the BIR assessing the company deficiency income tax, expanded withholding tax, withholding tax on compensation, final withholding value-added tax, fringe benefit tax and documentary stamp tax for the calendar year 2022 in the total amount of P195.24 million.
The amount is inclusive of interests up to Dec. 29, 2025 and compromise penalties in the amount of P150,000.
The PSE said it would dispute the assessment and would “take appropriate legal action for the cancellation of the assessment.”
From January to September, the PSE saw its net income rise by 15.4 percent to P738.81 million from P640.25 million in the same period in 2024.
Operating revenues almost doubled to P2.01 billion from P1.04 billion due to the 103.4 percent surge in trading-related fees, boosted by transaction fees from the Philippine Depository and Trust Corp. (PDTC) and the Philippine Dealing and Exchange Corp. (PDEx).
Despite robust revenues, the company’s profit was tempered by higher costs and a drop in other income.
Expenses surged by 71.9 percent to P1.06 billion mostly on costs incurred by the Philippine Dealing System Hold ings Corp. (PDSHC).
PSE has consolidated PD SHC in its financial statements after the latter became its majority owned subsidiary in December 2024. PDTC and PDEx are subsidiaries of PDSHC.
“While PDS has become one of our main revenue sources, we expect to realize cost efficiencies when we have fully integrated PDS into PSE, and look to expand the existing services provided by PDEX and PDTC.
Among other initiatives lined up, we hope to increase activity in the use of bond forwards for PDEX and to also broaden the percentage of securities lodged in the depository for PDTC,” PSE president and CEO Ramon Monzon said.
