Small Business Support
MAGNA CARTA FOR MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES)
This bill aims to enhance support for Micro, Small, and Medium Enterprises (MSMEs) by amending the Magna Carta for MSMEs. It introduces measures to improve access to financing, reduce costs for permits, and ensure government procurement opportunities for MSMEs.
FUEL CRISIS IMMEDIATE RELIEF AND RESPONSE ACT
The Fuel Crisis Immediate Relief and Response Act aims to provide immediate relief measures to address the economic impact of rising fuel prices due to global tensions, particularly in the Middle East. It includes provisions for deferring contributions to various government funds, implementing price controls, and providing subsidies and support for affected sectors.
ONLINE SMALL ENTERPRISE SUPPORT SERVICES ACT
The Online Small Enterprise Support Services Act aims to provide support services for small entrepreneurs operating online, facilitating their integration into the formal economy.
MICRO SMALL AND MEDIUM ENTERPRISES (MSMES)
This bill aims to provide temporary tax relief to micro, small, and medium enterprises (MSMEs) by exempting them from income tax for three years and allowing an additional 25% deduction on labor expenses for each employee hired.
AN ACT PROMOTING ENTREPRENUERSHIP AND LIVELIHOOD IN 4PS
This bill aims to enhance the Pantawid Pamilyang Pilipino Program (4Ps) by incorporating components for entrepreneurship and livelihood training, thereby promoting sustainable development among beneficiaries.
PROVIDING TAX RELIEF FOR MICRO-ENTERPRISES ACT
Senate Bill No. 1148 aims to provide tax relief for micro-enterprises by simplifying tax registration and compliance processes, and offering a three-year income tax exemption for qualifying businesses.
SIMPLIFIED FILING OF RETURNS AND PAYMENT OF INCOME TAX
This bill aims to simplify the registration, filing of returns, and payment of income and percentage taxes for micro-enterprises, while also providing tax relief for these businesses.
REDUCING THE COST OF BUSINESS COMPLIANCE FOR MICRO, SMALL AND MEDIUM ENTERPRISES (MSMES)
This bill aims to promote business growth and recovery for micro, small, and medium enterprises (MSMEs) by reducing their compliance costs with tax regulations. It proposes to lower the optional tax rate on gross sales or receipts from 8% to 5% and simplify the withholding tax rates for purchases of goods and services.