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QC reduces tax for micro business

The Quezon City government in its desire to support the development of micro enterprises in the city is now pushing for the full implementation of the BMBE Act (Barangay Micro-Business Enterprises and RA1978).
Nathan Zulueta, consultant to the office of the city mayor said by virtue of Ordinance 1576 approved by Mayor Feliciano Belmonte, Jr. the […]

By John Lucero

The Quezon City government in its desire to support the development of micro enterprises in the city is now pushing for the full implementation of the BMBE Act (Barangay Micro-Business Enterprises and RA1978).

Nathan Zulueta, consultant to the office of the city mayor said by virtue of Ordinance 1576 approved by Mayor Feliciano Belmonte, Jr. the amount of local business taxes imposed on the accredited BMBE shall be one-half of the rates prescribed by the Quezon City Revenue Code of 1993 as amended.

“The City Ordinance also reduces the administrative cost of filing BMBE accreditation from P1,000 to P100.

The QC twin measure is another first in the history of BMBEs implementation.

A few years back, Quezon City was also the very first LGU to implement the said law” Zulueta said.

The city government under the stewardship of Belmonte will focus in encouraging the development of small scale businesses and in supporting livelihood initiatives by giving them tax perks and other non-fiscal incentives. The policy direction now is to empower small-scale businesses.

read the rest of the story from The Philippine Star

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