Small “sari-sari” stores and eateries or “carinderia” are now exempted from business tax and permit fees in Marikina City.
The city government in a statement said Mayor Marcy Teodoro signed Ordinance No. 140 for these exemptions on Monday.
According to the statement, “the exemption period of business tax, business permit and local regulatory fees and 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.
Excluded are sari-sari stores and carinderias with a start-up capital of more than P10,000, as well as those who are selling cigarettes or liquor or both regardless of the amount of their start-up capital.
“All exempted ‘sari-sari’ stores and ‘carinderias’ will be issued the necessary certificate of exemption by the Business Permits and Licensing Office (BPLO),” it added.
The exemption from business tax and permit fees aims to help small businesses recover from the impact of the COVID-19 pandemic, as cited by the ordinance.
Through Ordinance No. 139, Teodoro also extended the period for renewal of business permits without surcharges and penalties from Jan. 20 to March 31. Small “sari-sari” stores and eateries or “carinderia” are now exempted from business tax and permit fees in Marikina City.
The city government in a statement said Mayor Marcy Teodoro signed Ordinance No. 140 for these exemptions on Monday.
According to the statement, “the exemption period of business tax, business permit and local regulatory fees and 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.
Excluded are sari-sari stores and carinderias with a start-up capital of more than P10,000, as well as those who are selling cigarettes or liquor or both regardless of the amount of their start-up capital.
“All exempted ‘sari-sari’ stores and ‘carinderias’ will be issued the necessary certificate of exemption by the Business Permits and Licensing Office (BPLO),” it added.
The exemption from business tax and permit fees aims to help small businesses recover from the impact of the COVID-19 pandemic, as cited by the ordinance.
Through Ordinance No. 139, Teodoro also extended the period for renewal of business permits without surcharges and penalties from Jan. 20 to March 31.