BIR FACILITATES INCOME TAX FILING OF BMBE TAXPAYERS

QUEZON CITY, 07 April 2017 The Bureau of Internal Revenue (DTI) is reminding Barangay
Micro Business Enterprises (BMBE) taxpayers to proceed to their concerned Revenue District
Office (RDO) to file their 2016 income tax return early before April 17, 2017, to avoid penalties.

As provided under Republic Act No. 9178 or the BMBEs Act of 2002, a BMBE is any business
entity or enterprises engaged in the production, processing or manufacturing of products or
commodities, including agro-processing, trading, and services whose total assets, excluding land,
shall not be more than P3 million.

BMBEs register their businesses free of charge and obtain a Certificate of Authority (CA) at the
Negosyo Center of the Department of Trade and Industry (DTI) and subsequently with the BIR.
Registered BMBEs avail of government incentives that include exemption from the payment of
income tax for income arising from operation of the enterprise, exemption from the coverage of
the minimum wage law, special credit window of government financing institutions, as well as
technology and marketing assistance.

Commissioner Dulay reminded that for BMBEs to avail their tax incentives, they are required to
register with the concerned BIR RDO where the principal place of business is located and submit
the following requirements: the BMBEs Certificate of Authority authenticated by the Office of the
City or Municipal Treasurer; Sworn Statement of the value of assets owned and/or to be used by
the BMBE and/or its affiliates reflecting the current values; Certified list of branches, sales outlets,
places of production, warehouse and storage places, or such other facility owned and/or operated
by the BMBE indicating their respective address; Certified list of affiliates; and latest audited
Financial Statements or Account Information Form (AIF) or its equivalent.

Commissioner Dulay mentioned that the tax returns to be filed by BMBE taxpayers shall be
accepted whether taxes are paid or not, subject to post audit/verification. (mldn)
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Please refer to: REYMARIE T. DE LA CRUZ, Chief, PIED, 9817251

Approved for Release: For the Commissioner of Internal Revenue:

GAUDENCIO A. MENDOZA, JR., Chief Legal Counsel

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