House Bill 9061

(In substitution of House Bill No. 698 and 2161)

An Act Encouraging
Corporate Social Responsibility,
Providing Incentives Therefor
Introduced by: Representatives Macapagal Arroyo, Pineda, Romero, Biron,
Romualdo, Silverio, Vergara, Zubiri, Tan (M.), Sy-Alvarado, Nieto, Bravo
(M), Violago, Chipeco, Lazatin, Tambunting, Savellano, Tan (A.), Olivarez,
Go (M.), Sagarbarria, Montoro, Rodriguez (M.), Treñas, Alvarez (F.),
Tambunting, Relampagos, Daza, Limckaichong, Acosta-Alba, Savellano,
Lopez (C.), Uy (J.), Garcia (J.E.), Abaya, Canama, Evardone, Javier, Cagas,
Jalosjos, Romualdez, Rodriguez (I.), Durano, Ong (H.), Laogan, Duavit,
Dimaporo (A)., Marcoleta, Tupas, Mendoza, Belmonte (R.), Arcillas, Chavez
and Eusebio.

Committee Referral: COMMITTEE ON TRADE AND INDUSTRY (Primary)

Committee Chairperson: REP. FERJENEL G. BIRON, M.D.
 Info to Note
• HB 9061 shall be known as Corporate
Social Responsibility Act

• 2nd reading approved on February 7, 2019

• For 3rd hearing on May 20, 2019; once

approved to transmit to the Senate

• No counterpart bill at the Senate; before

May 20, any member from the Senate
may file a counterpart measure or adopt
HB9061

• http://congress.gov.ph/legisdocs/first_17/
CR01219.pdf
Objective:

To foster sustainable economic development and

environmental protection by encouraging corporations to
include the value of social responsibility in community
development in their organization’s operations and
activities whether they be single proprietorships,
partnerships or corporations.
KEY PROVISIONS:
• All business organizations established and operating under Philippine laws, whether
domestic or foreign, to contribute on a voluntary basis, to sustainable economic
development by working with relevant stakeholders to improve their lives in ways that
are good for business towards a sustainable development agenda.
• CSR-related activities shall include the following:
a) Charitable programs and projects; g) Environmental sustainability;
b) Scientific research; h) Health development;
c) Youth and sports development; i) Disaster relief and assistance;
d) Cultural and educational promotion; j) Socialized and low-cost housing; and
e) Services to veterans and senior citizens; k) Employee and worker related CSR activities
f) Social welfare;
KEY PROVISIONS:
• Power to Declare Dividends
Allows stock corporations to retain profits in excess of 100% of paid-in capital stock to
be used for expansion or corporate social responsibility projects and programs

• Awards and Recognitions

The Department of Trade and Industry (DTI) shall recognize and rewards business
establishments for outstanding, innovative and world-class CSR-related services,
projects and programs. It shall likewise extend endorsements and recommendations
to domestic and foreign corporations doing business in the Philippines who are
candidates for recognition in international award-giving bodies for their CSR-related
activities
KEY PROVISIONS:
• Local Government Units
All local government units, where CSR-related activities are conducted to extend whatever
assistance is necessary for business establishments to accomplish CSR programs and projects

• Periodic Report
All business organizations shall submit the list of their CSR activities as part of their annual or
regular report to the Securities and Exchange Commission (SEC), the DTI, or the Department of
Finance (DOF), as the case may be.

• Implementing Rules and Regulations

The Secretary of Finance, in coordination with the Department of Trade and Industry (DTI) and
the Securities and Exchange Commission (SEC) to promulgate rules and regulations of this Act.
RELATED LAWS:
Sections 43 (Power to Declare Dividends) of Batas Pambansa Bldg. 68 (The Corporation
Code of the Philippines)

Sections 34 (h- Charitable and Other Contributions) of Republic Act No. 8424 (An Act
Amending the National Internal Revenue Code, as Amended, and for Other Purposes)