Issue of February 11, 2018
     
NEWS
Benguet
Kalinga
 
OPINION
 

69th Courier Anniversary Issue
 
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Sari–sari store reclassification sought for tax cut incentives
by PIO release

Sari-sari stores in the city will soon be reclassified as barangay microbusiness enterprise and provided with tax incentives.

In a proposed ordinance, Councilor Leandro B. Yangot Jr.  aims to reclassify sari-sari stores under the Barangay Microbusiness Enterprises Law of 2002 for the operators to be benefit from the tax rebates.

Under the proposed ordinance, any person possessing all the qualifications defined under the Barangay Microbusiness Enterprises Law may register to benefit from the incentives provided under the law.

The ordinance mandated the City Treasury Office to issue a certificate of authority to sari-sari store owners. The certificate shall be valid for two years and renewable for another two years.

Yangot said that in appreciation of the importance and value of the informal economy, appropriate licensing and permit procedures should be part of every informal worker’s basic legal rights, especially that the informal economy meets the needs of poor consumers by selling them goods at a cheaper price.

He said sari-sari stores contribute to the grassroots economy, even if the owners did not attend formal education in business.

He said sari-sari stores save its customers from transportation expenses in having to go to the central business district. Sari-sari stores also offer social and cultural entrepreneurship because they serve as a venue for people to rest, discuss, or exchange local events or news.

Section 2 of Republic Act  9178 or the Barangay Microbusiness Enterprises Act of 2002 provides that it is a policy of the State to hasten the country’s economic development by encouraging the formulation and growth of barangay microbusiness enterprises which effectively serve as seedbeds of Filipino entrepreneurial talents and integrating those in the informal sector with the mainstream economy through the rationalization of bureaucratic restrictions and the granting of incentives and benefits to generate employment and alleviate poverty.

The proposal was referred to the committee on market, trade, commerce and agriculture for study and recommendation.


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PWU Baguio
Technical Education & Skills Development Authority – CAR
University of Baguio

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Bureau of Fisheries and Aquatic Resources – CAR
Congressman Ronald M. Cosalan
Department of Health – CAR
Grab
John Hay Management Corporation
National Grid Corporation of the Philippines
New Media Services
Pag–IBIG Fund
Pines City Colleges
Sangguniang Panlungsod
SiTEL

ABC360
Assumption Medical Diagnostic Center
Baguio Center Mall
Baguio Water District
Choobi Choobi
Congressman Mark O. Go
Councilor Leandro B. Yangot Jr.
Curamed Pharmacy
Department of Environment and Natural Resources – CAR
Department of Public Works and Highways – CAR
Department of Science and Technology
Fabulo Beauty and Image Salon
Far East Pacific Commercial
Filipino–Japanese Foundation of Northern Luzon, Inc.
Ganza & Solibao Restaurants
Gen. Benjie B. Magalong
GMS Technology
Governor Crescencio C. Pacalso
Maybank
Mayor Mauricio G. Domogan
Mayor Romeo K. Salda
Mother Earth Deli Basket
Nagomi Spa
Narda’s / Sunflower Ridge
NIIT
Northern Luzon School for the Visually Impaired, Inc.
Our Lady of Mt. Carmel Montessori, Inc.
Philex Mining Corporation
Police Regional Office – CAR
Regional Development Council – CAR and National Economic and Development Authority – CAR
Regional Tripartate Wages and Productivity Board – CAR
SN Aboitiz
Tony Boy Tabora
Veterans Bank

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