Home / Knowledge / News / Marikina shoe producers get business tax exemption
Marikina shoe producers get business tax exemption
Aug '11
The city government of Marikina, known as the Shoe Capital of the Philippines, has announced exemption and relief of business tax to the city's local producers of leather goods including footwear, in its bid to further boost the city's shoe industry.

The government has passed an Ordinance on 'Business Tax Exemption and Relief to Local Footwear Manufacturer and Other Leather Goods of Marikina' granting tax relief to new footwear and leather products businesses.

City Mayor Del de Guzman said the manufacturers will be exempted from paying business tax in the first year of their operation from the date of their application for license. They will get 75 percent, 50 percent and 25 percent discount in business tax in their second, third and fourth years of operation, respectively.

For businesses that are already in operation, the Ordinance offers a relief by way of 30 percent discount for five years on business tax. But, the business owners will still have to pay several regulatory fees related to the conduct of business. The list of such taxes includes fees towards fire inspection, garbage, health certificate, sanitary permit, building inspection, etc.

Mr. Guzman termed the passage of the Ordinance as an important step to support the shoe manufacturing industry that has put the city in forefront. He was hopeful that the Ordinance would ease the financial constraints being faced by shoe manufacturers and they will be able to deliver better products.

In recent times, the performance of the shoe industry has been affected due to global financial crisis, globalization and the accompanying competition. But, the mayor said the quality of Marikina footwear remained better in material, workmanship and style even in such times.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Amrit Sethia

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search