Barangay Micro Business Enterprises Act of 2002

An Act To Promote The Establishment Of Barangay Micro Business Enterprises (bmbes), Providing Incentives And Benefits Therefor, And For Other Purposes

Part 1

Preliminary Provisions

The State will hasten the country's economic development by encouraging the formation and growth of barangay micro business enterprises which effectively serve as seedbeds of Filipino entrepreneurial talents

Part 2

Incentives And Benefits

All BMBEs shall be exempt from tax for income arising from the operations of the enterprise