Issue of March 12, 2017
Mt. Province

66th Courier Anniversary Issue
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Micro businesses urged to register at Negosyo Centers
by Marcelo B. Lihgawon / PIA

LAGAWE, Ifugao – The Department of Trade and Industry is inviting entrepreneurs with an asset size of not more than P3 million to register at the nearest Negosyo Center or DTI office to avail of incentives.

Negosyo Center Business counselor Steve  I. Domio said government incentives that registered Barangay Micro Business Enterprises (BMBE) can avail of  are exemption from payment of income tax on income arising from the operation of the enterprise; exemption from the coverage of the minimum wage law; priority to a special credit window setup specifically for the financing requirements of BMBEs; and priority to technology transfer, production and management training, and marketing assistance programs.

To avail of tax incentives, the  BMBE shall register with the Bureau of Internal Revenue. Application must be supported by submitting a copy of DTI-issued BMBE certificate of authority and other documents.  

The tax incentive however do  not exempt BMBEs from paying income and percentage taxes, and are required to issue receipts, maintain a books of accounts, and file an Annual Information Return for the year immediately preceding the renewal of registration with the BIR.

On the exemption from the coverage of the of minimun wage, the BMBE Law states that an agreement from the employer and employee will serve as contract on the agreed salary of the worker.

BMBE does not include entities rendering services in connection with the exercise of one’s profession by a person licensed by the government after having passed a government licensure exam such as lawyers, doctors, among others.

The DTI certificate of authority grants a registered BMBE license to operate and be entitled to all the benefits and privileges accorded thereto. The certificate is effective for two years commencing from the date of issuance and renewable every two years thereafter.

Based on the revised guidelines issued by the DTI under DTI DAO 16-01, s. 2016, any person, natural or juridical such as partnership, corporation, association, and cooperative, having the qualifications shall be eligible to register as BMBE.

There are 134 businesses that have already registered as BMBEs in the province.

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Department of Tourism – CAR
University of Baguio
Venus Parkview Hotel

Congressman Mark O. Go
Department of Health – CAR
Kings College of the Philippines
Lepanto Consolidated Mining Company
Mayor Mauricio G. Domogan
Narda’s Handwoven Arts & Crafts Inc.
Philex Mining Corporation
Pines City Colleges
Province of Benguet
Sangguniang Panlungsod
SM City Baguio
Social Security System

Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Central University
Baguio Heart and Lung Diagnostic Center Inc.
Baguio Memorial Chapels Incorporated
Baguio Water District
Bureau of Fisheries and Aquatic Resources – CAR
C & Triple A Supermart
Congressman Ronald M. Cosalan
Curamed Pharmacy
Data Center College of the Philippines of Baguio City Inc.
Department of Agriculture – CAR
Department of Environment and Natural Resources – CAR
Department of Trade and Industry – CAR
Department of Transportation – CAR
Easter College Incorporated
Fabulo Beauty and Image Salon
Fast East Pacific Commercial
Filipino–Japanese Friendship Association of Northern Luzon, Inc.
GMS Technology
Immigration Network Services, Inc.
La Funeraria Paz, Inc.
Mayor Romeo K. Salda
MMS Development Training Center Corporation
Mother Earth Deli Basket
National Economic & Development Authority–CAR
Overseas Workers Welfare Administration
Philippine Science High School – CARC
R.A. Gapuz Review Center
Regional Tripartite Wages and Productivity Board – CAR
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Technical Education and Skills Development Authority

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