Teodoro signed the Marikina City Ordinance 110 (series of 2021) or “Ordinance Granting Business Tax Exemption and Relief to Local Footwear and Other Leather Goods Manufacturers of Marikina” last December 28 at the Marikina Shoe Bazaar, located at the Freedom Park, right in front of the City Hall.
Under the aforementioned ordinance, all manufacturers of footwear and other leather goods in Marikina, both presently in operation or are about to establish news shoe manufacturing business, will be granted business tax exemption and relief.
Mayor Teodoro thanked the Marikina City Council “for swiftly reenacting the tax exemption and relief for shoemakers and other leather goods manufacturers in the city.”
Originally, the tax relief was only effective up to three years but the city council has given a two year extension, according to the official.
Teodoro said the livelihood of shoemakers is more important than collecting taxes.
Tony Andres, chairman of the Marikina-based Philippine Footwear Federation Inc. (PFFI), and Corazon Espiritu, chairman of the Marikina bags and leather goods association, expressed their gratitude to city officials for the tax relief.
Teodoro said he is bullish that despite the challenges faces by the local shoe industry amid the pandemic, local shoemakers will be able to cope and overcome the negative effects of the pandemic.