Gov’t incentives, benefits for barangay micro business

By July 24, 2016Business, News

BARANGAY Micro Business Enterprises (BMBEs) are encouraged to register their businesses in Negosyo Centers near them and avail of government incentives.

Natalia Dalaten, chief trade and industry development specialist of DTI-Pangasinan, said BMBEs and entrepreneurs planning to put up a small business can register their businesses for free at any of the five Negosyo Centers in Pangasinan and avail of the incentives under Republic Act 9178 (Barangay Micro Business Enterprises Act of 2002).

Under RA 9178, BMBE registrants will no longer be charged a fee of not more than P1, 000 to municipal or city local government because the DTI, through its Negosyo Center, can facilitate their registration and issue them a certificate of authority that is free of charge.

Government incentives include exemption from the payment of income tax derived from the operation of the business, exemption from the coverage of the minimum wage law, special credit window of government financing institutions, as well as technology and marketing assistance; exemption from coverage of the minimum wage law of the Department of Labor and Employment.

The Negosyo centers in the province are located at: Lingayen Municipal Hall, Robert Estrella Sr. Memorial Stadium, Rosales; town; Mangaldan Municipal Hall; Star Building in Arellano Street, Dagupan City; and Alaminos City Hall. (EBS_PIA-Pangasinan) 

Share your Comments or Reactions

comments

Powered by Facebook Comments