SEC Provides Discounted Filing Fee Rates for MSMEs
On July 16 2025, the Securities and Exchange Commission (SEC) issued Memorandum Circular (MC) No. 8, Series of 2025. The MC was issued to support the growth and expansion of Micro, Small and Medium Enterprises (MSMEs) by providing discounted rates for certain filing fees with the SEC.
Upon its effectivity on July 16, 2025 until December 31, 2025, MSMEs will have a 20% discount in the filing fees for the registration of the corporation and a 25% discount for the amendment of articles of incorporation via increase in capital stock. A 50% discount will also be implemented for filing fees for the registration of securities until June 30, 2026.
Applicants will be considered as MSMEs based on the standard under Section 3 of R.A. No 9501 that provides:
SEC. 3. Micro, Small and Medium Enterprises (MSMEs) as Beneficiaries. – MSMEs shall be defined as any business activity or enterprise engaged in industry, agribusiness and/or services, whether single proprietorship, cooperative, partnership or corporation whose total assets, inclusive of those arising from loans but exclusive of the land on which the particular business entity’s office, plant and equipment are situated, must have value falling under the following categories:
| Classification | Asset Size |
| Micro | not more than Php 3,000,000 |
| Small | Php 3,000,001 – Php 15,000,000 |
| Medium | Php 15,000,001 – Php 1000,000,000 |
The full issuance may be found here.