The government, in its objective to strengthen barangay micro business enterprises in the country and provide more jobs, livelihood and a better quality of life for filipinos, has enacted republic act 9178, otherwise known as the “barangay micro business enterprises act of 2002.
Learn more about the bmbe law or ra 9178 or the barangay micro business enterprises of 2002 it has many benefits to micro businesses about contribute contact bmbe law – barangay micro business enterprise registration and benefits october 8, 2016 by maria bmbe act, an interested enterprise must register and get certificate of. Republic act no 9178, other wise known as the “barangay micro business enterprises (bmbes) act of 2002” the full text of ra 9178 and its implementing rules and regulations including the supplementary guidelines of displaying 2016 guide to ra 9178 bmbes act of 2002pdf. (a) barangay micro business enterprise, hereinafter referred to as bmbe, refers to any business entity or enterprise engaged in the production, processing or manufacturing of products or commodities, including agro-processing, trading and services, whose total assets including those arising from loans but exclusive of the land on which the particular business entity's office, plant and equipment are situated, shall not be more than three million pesos (p3,000,00000.
Ra 9178 barangay micro business enterprises act of 2002 a bmbe is defined under the bmbe law, ra 9178 act of 2002 as “any business enterprise engaged in production, processing, or manufacturing of products, including agro-processing, as well as trading and services, with total assets of not more than p3 million such assets shall include those arising from loans but not the land on which. Barangay micro business enterprise (bmbe) a bmbe is defined under the bmbe law , ra 9178 act of 2002 as “any business enterprise engaged in production, processing, or manufacturing of products, including agro-processing, as well as trading and services, with total assets of not more than p3 million.
An act to promote the establishment of barangay micro-business enterprise ( bmbes ) providing incentives and benefits therefore, and for other purposes rationale : to encourage the formation and growth of barangay micro- business enterprises, the government has enacted republic act 9178 otherwise known as the barangay micro- business.
Just like earlier laws, ra no 9178 or the barangay micro business enterprises act of 2012 was passed to help msmes flourish in the country the said law provides for incentives to bmbes (barangay micro business enterprises) which includes tax exemptions and easier access to certain loans with these incentives, the government hopes to support and assist micro businessmen with their development and growth.
An act to promote the establishment of barangay micro business enterprises (bmbes), providing incentives and benefits therefor, and for other purposes be it enacted by the senate and house of representatives of the philippines in congress assembled.