The proposal would lower the optional income‑tax rate for qualifying small businesses from 8 % to 5 % and set new withholding‑tax rates of 1 % for goods and 2 % for services, aiming to cut compliance costs and help MSMEs grow.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/HB02100. Status changes over time; check the link for the latest.
HB02100 · Sources: BetterGov Open Congress, BatasWatch
Status via BatasWatch (independent source)
Similar in what they’d do, filed by any lawmaker.