On 5 February 2025, both houses of the Congress of the Philippines reportedly approved the Capital Markets Efficiency Promotion Act (CMEPA). One of the main tax measures of the act includes a reduction in the stock transaction tax rate from 0.6% to 0.1%. Further, the documentary stamp tax on the original issuance of shares is reduced from 1.0% to 0.75%. Additional details on the implementation of the measures of the CMEPA will be published once available.