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Escudero offers a 5-year extension for MSMEs to pay their taxes.

LEGAZPI CITY, PHILIPPINES – As part of the country’s post-pandemic economic recovery measures, Sorsogon Governor Francis Escudero stated on Monday that the government should consider granting micro, small, and medium enterprises (MSMEs) additional time to pay their taxes.

In a statement, Escudero encouraged Congress to pass legislation that provides direct financial aid to MSMEs, as is done in other countries, and allows for a five-year tax payment term.

“Para makabangon tayo mula sa pandemiya, dapat magpasa ang susunod na Kongreso ng batas na tutulong sa MSMEs,” says the entrepreneur. Is it true that sa papaanong paraan? Bigyan ng rektang ayuda katulad ng ginawa ng ibang bansa para may pang-suweldo sila ng 6 ayuda katulad ng ginawa ng ibang bansa para may pang-suweldo sila ng 6 ayuda katulad ng ginawa ng ib When the job market improves, iikot ang ekonomiya sa kanilang lugar (In order for us to fully recover from the pandemic, the next Congress should implement a law that would assist MSMEs.) What do you mean by that? For instance, provide direct aid, similar to what other countries do, by providing funding for salaries for at least six to twelve months. When employees are paid, the economy in their area continues to grow),” he stated.

According to the Philippine Statistics Authority (PSA), MSMEs accounted for 99.51 percent of the country’s 957,620 businesses in 2020.

MSMEs account for 952,969 of these, whereas large businesses account for 4,651 (0.49%). Microbusinesses made up 88.77 percent of MSMEs.

“Lahat ng ihahalal natin sa darating na ika-9 ng Mayo, ang dapat tutukan ay isang bagay lamang—ang muling pagbangon at pag-ikot ng ating ekonomiya para yung mga negosyong nagsara, ‘yung mga trabahong nawala ay muling bumalik

He stated that if MSMEs are assisted, 99 percent of the country’s economy will recover.

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