SB 1136
Senate·20th Congress·Filed Aug 7, 2025
Simplified Filing of Returns and Payment of Income Tax
An Act Providing for Simplified Registration, Filing of Returns and Payment of Income and Percentage Taxes, and Providing for Tax Relief for Micro-Enterprises, Amending for the Purpose Sections 74, 128 and 236 of the National Internal Revenue Code, as Amended
In plain language
The bill would let very small sole‑proprietor businesses (fewer than ten workers) avoid paying income tax for the first three years and would let them file only one annual tax return instead of quarterly returns. It also requires the tax agency to set up an online system for registration, filing and payment.
TaxationBusiness, Trade and IndustryInformation and Communications Technology
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Income TaxNational Internal Revenue Code (NIRC)
Official sources
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SBN-1136 · Sources: BetterGov Open Congress, BatasWatch