Small businesses ask gov’t to grant 3-year tax relief

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Small business owners asked the government to provide tax relief to micro, small and medium enterprises .

“If you invest in an LGU , I think it’s only right for them to give MSMEs three to five years of tax relief. If they can give tax holiday to other companies, why not to MSMEs,” PFA chairman Sherill Quintana said in an interview during the 3-day International Franchise Expo held on Oct. 27 to 29, 2023 at the SMX Convention Center Manila.

Quintana said franchisors would consider it a big deal if the government would provide tax breaks to PFA members. The government can also extend support to MSMEs through trade fairs. Private sector-led trade fairs are usually more expensive compared to government-sponsored trade fairs that are usually free for select MSMEs.“To help build the economy, revive the economy, we need support,” Quintana said.

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MlaStandard /  🏆 20. in PH

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