Wazzup Pilipinas!
Speaking in the Cebu press launch of the upcoming Geeks on a Beach (GOAB) international tech conference, Senator Paolo Benigno “Bam” Aquino IV announced that he is refiling a bill exempting startups from taxes on their first two years of operation.
Senator Bam Aquino has consistently shown support to startups or innovation-driven enterprises based on apps, saying proper support for the homegrown startup community may yet produce the next Facebook or Twitter.
“The bill encourages the growth of more Filipino startups by giving them enough time to stand on their own. This reaffirms the government’s recognition of the importance of startups and commitment to innovation,” said Senator Bam Aquino.
Filed by Senator Bam Aquino last May 7, 2014 as Senate Bill 2217, the Startup Business Bill which was not made into law in the previous congress will be refiled by the senator after the opening of the 17th Congress later this month.
He will also be giving a keynote speech during the fourth GOAB, a one of a kind conference that combines the latest tech development with a fun environment which will be held in Bellevue Hotel in Panglao, Bohol this August 25-26, 2016.