Tuesday, September 20, 2011

DTI invites public to hearing on the revised BMBE Act of 2002


The Department of Trade and Industry Central Visayas Office (DTI 7) is inviting the public to attend a consultation on the proposed amendments to the BMBE law or Barangay Micro-Business Enterprises Act of 2002.

The public hearing will be held at 9:00 in the morning on September 23, 2011 (Friday) at the Social Hall of the Cebu Provincial Capitol, Osmena Boulevard. Cebu City

According to DTI, the BMBE integrates micro-business enterprises in the informal sector to the mainstream economy and small businessmen may avail of exemption from income tax payments, one of the perks the BMBE law provides.

Also known as Republic Act 9178, the BMBE law offers micro enterprises in barangays incentives, such as exemption from minimum wage coverage, technical assistance from DTI, TESDA, TLRC and other government agencies and credit assistance from Land Bank, Government Service Insurance System, Social Security System and other government financial institutions.

The DTI said that the BMBE law will also help expand the tax base of local government units: the more people go into business the bigger number of taxpayers.

Persons or groups interested to know more on the BMBE Public Hearing may call Mr. Cesar Antoni of SB Corporation at tel nos. 234-4500  / 232-1200 or Ms. Vicki Diaz of DTI-7 at tel. no. 255-0036 loc. 601 



For more news on DTI please visit http://tradeneconomydti.blogspot.com/ http://tradeneconomydtiact.blogspot.com/

1 comment:

  1. Where can I get the minutes of the meeting for this. I wanted to attend but I live in Manila.

    ReplyDelete