According to the Philippine Information Agency, a store owner expressed support for the tax relief measures announced by the President during the recent State of the Nation Address. The owner said the initiative would help small businesses cope with rising costs and sustain their operations.
The tax relief, presented as part of the administration's economic agenda, is expected to ease the burden on micro, small, and medium enterprises (MSMEs). Retail observers note that lower taxes could encourage consumer spending and provide merchants with more room to invest in inventory.
In reaction, the store owner said the savings from reduced taxes could be used for restocking and covering basic expenses. The Philippine Information Agency's report highlighted the importance of the measure for local retailers, particularly in rural areas.