HB 2271
House·20th Congress·Filed Jul 24, 2025
An Act Promoting Business Growth and Recovery by Reducing the Cost of Business Compliance for Micro, Small and Medium Enterprises (Msmes), Amending for the Purpose the National Internal Revenue Code of 1997, as Amended
In plain language
The bill would lower the tax on gross sales for qualifying small businesses from 8 % to 5 % and set standard withholding rates of 1 % for goods and 2 % for services, with rules to be issued within 30 days and the law taking effect 15 days after publication.
TaxationBusiness, Trade and Industry
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Author · Representative
Official sources
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HB02271 · Sources: BetterGov Open Congress, BatasWatch