An Act Providing Incentives, Benefits and Trainings to Overseas Filipino Workers Investing in Business in the Philippines
The proposal would give Filipinos who have worked abroad a five‑year income‑tax break, half‑price property tax, duty‑free import of equipment, and low‑interest government loans if they start a business that is at least half owned by them. It also creates free registration, training and financial‑literacy programs, and a credit fund managed by OWWA, LBP and DBP.
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/SBN-1563. Status changes over time; check the link for the latest.
SBN-1563 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.