WHILE other local government units are ramping up their collection in the form of business taxes, permits, and clearances, the city referred to as the Shoe Capital of the Philippines is giving breathing room for small “sari-sari” stores and “carinderia.
In a press statement, Marikina City Mayor Marcy Teodoro hinted at Ordinance 140 which exempts small enterprising businesses from business tax and fees corresponding to permits, clearances, and other charges.
According to the statement, “the exemption period of business tax, business permit and local regulatory charges shall begin Jan. 1, 2024, to Dec. 31, 2024.”
Covered under the ordinance are sari-sari stores and eateries with start-up capital of not more than P10,000 or an annual gross receipt of not more than P180,000, the local government said.
However, Marikina City cited a “small condition” to suit up in the list of small businesses that would benefit from the city government’s “generosity” – must not be selling liquors and cigarettes.
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