PCC Memorandum Circular No. 16-003

The Philippine Competition Commission (“PCC”) issued Memorandum Circular No. 16-003, dated 22 December 2016, prescribing the filing fees to be paid by the acquiring entity for notification and review of mergers or acquisition meeting the notification threshold under the Philippine Competition Act. 
For the first phase of the review, the filing fee of Two Hundred Fifty Thousand Pesos (PhP250,000.00) shall be paid upon submission of the Notification Review. 
Upon the announcement by the PCC of its decision to proceed to a second phase review, the filing fee equivalent to one percent (1%) of one percent (1%) of the value of the transaction, which shall not be less than One Million Pesos (PhP1,000,000.00) nor exceed Five Million Pesos (PhP5,000,000.00), must be paid by the acquiring entity within ten (10) days from the date of the invoice issued by the PCC.