HB 7605

House·20th Congress·Filed Feb 4, 2026

An Act Promoting Business Competitiveness by Providing Temporary Tax Relief to Single Proprietorships, Cooperatives, Partnerships or Corporations Classified as Micro, Small and Medium Enterprises (Msmes)

In plain language

The bill would temporarily exempt micro‑enterprises from income tax and give small‑and‑medium enterprises a 25 % extra deduction on labor costs, aiming to boost their competitiveness.

TaxationBusiness, Trade and Industry

Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.

Author · Representative

Marie Bernadette G. EscuderoReceipts →

Official sources

Similar in what they’d do, filed by any lawmaker.

SB 1622· Filed Dec 16, 2025
Micro Small and Medium Enterprises (Msmes)
Pending in the committeeSen. Jv Ejercito
SB 230· Filed Jul 7, 2025
Tax Relief to Micro, Small and Medium Enterprises
Pending in the committeeSen. Francis "Chiz" G. Escudero
HB 1736· Filed Jul 10, 2025
An Act Granting Economic Relief to Micro and Small Enterprises, Amending for the Purpose Section 27 of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2025-07-30Rep. Ryan S. Recto
HB 7707· Filed Feb 10, 2026
An Act Exempting Micro Enterprises from the Payment of Local Business Taxes, Business Permit Fees, and Other Local Regulatory Fees and Charges
Pending with the Committee on MICRO, SMALL AND MEDIUM ENTERPRISE DEVELOPMENT since 2026-02-18Rep. Elijah Rumbaoa San Fernando
HB 11447· Filed Sep 23, 2026
An Act Exempting Micro and Small Enterprises from the Imposition of Minimum Corporate Income Tax, Amending for the Purpose Section 27 of the National Internal Revenue Code of 1997, as Amended
Pending with the Committee on WAYS AND MEANS since 2026-09-24Rep. Cheeno Miguel D. Almario

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HB07605 · Sources: BatasWatch

An Act Promoting Business Competitiveness by Providing Temporary Tax Relief to Single Proprietorships, Cooperatives, Partnerships or Corporations Classified as Micro, Small and Medium Enterprises (Msmes)

In plain language

Author · Representative

Official sources

Related bills · 20th Congress

Related bills · 20th Congress