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Rep. Casiño scores higher fees for business registration
By AMITA LEGASPI, GMANews.TV
By raising fees for registering a business name, the Department of Trade and Industry (DTI) has placed micro and small entrepreneurs at a disadvantage, a part-ylist representative said Wednesday. Bayan Muna Rep. Teddy Casiño urged the DTI to shelve the new rates and streamline its rules on business registration that gives priority to micro, small and medium enterprises (MSMEs) without having to raise fees. In its Dec. 15, 2010 Administrative Order (DAO) 10-10, the department increased the fees for registering a new business name and for renewing an old registration based on the geographical unit of government where the transaction is taking place. The DTIâs new rate matrix reflects the following fees:
- Barangay....................P200
- City / Municipality.........P500
- Regional...................P1,000
- National....................P2,000
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