Marikina in Philippines gives tax relief to footwear, leather firms

According to Marikina city mayor Marcy Teodoro, the decision was taken due to the hardships brought about by the pandemic, especially to its famous shoemaking industry.

He hopes the ordinance will at least lessen the burden on the businesses amid the pandemic and boost the local shoemaking industry, according to media reports in the country.

The signing was held in an event attended by officials from the local government and heads of various shoe-making and leather goods groups such as Tony Andres, president of the Philippine Footwear Federation Inc., and Corazon Espiritu, chairperson of the Marikina Bags and Leather Goods Association.

Besides the Ordinance No. 110, the city government also passed two more ordinances that aim to alleviate the adverse economic effects the pandemic has caused to its residents.

ALCHEMPro News Desk (DS)