An Act Promoting Business Compettiveness by Providing Temporary Tax Relief to Single Proprietorships, Cooperatives, Parnerships or Corporations Classified as Micro, Samll and Medium Enterprises
The proposal would give micro‑enterprises a three‑year exemption from income tax and let small‑ and medium‑size firms deduct an extra 25 % of their labor costs from taxable income, aiming to boost competitiveness and job creation.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
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SBN-1622 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.