Tax Relief

‘Sari-Sari’ retailers, carinderias in Marikina obtain tax breaks

MANILOA, Philippines – ‘Sari-sari’ shops and carinderies or restaurants in Marikina City will be exempt from business tax and permit fees after the local government approved an informal sector support ordinance on Monday.

According to Ordinance No. 103, ‘sari-sari’ shops and carinderies with a seed capital of less than 10,000 pesos; Annual income not exceeding 180,000 pesos; or don’t sell cigarettes and alcohol are eligible for 100 percent exemption from taxes and business license fees.

“By regulation [we hope] that it can provide relief and support to small business owners in Marikina, ”the local government said. The period of exemption begins on January 1st, 2022 until December 31st, 2022.

—JANE BAUTISTA

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