Amnesty for taxpayers in Marikina extended

A tax amnesty program for delinquent business taxpayers in Marikina City has been extended.

Mayor Marcelino R. Teodoro said that the move also aims to help businesses recover from the effects of the lockdown measures against Covid-19 pandemic.

Teodoro signed Marikina City Ordinance 064 (series of 2022), or the Ordinance Granting Amnesty on Surcharges and Interests of Delinquent Business Taxpayers in the City of Marikina.

Under the aforementioned ordinance, Marikina City grants 100-percent relief or amnesty on surcharges and interests of delinquent business taxpayers from July 1 to December 31, 2022.

On February 9, the Ninth Marikina City Council enacted Ordinance 006 (series of 2022), which provided amnesty grants on surcharges and interests of delinquent taxpayers until June 30.

The grant of tax amnesty seeks to boost the city government’s tax collection efforts and as a relief to taxpayers who are experiencing financial difficulties.

The mayor said that, due to inflation, prices of prime commodities recently went up.

Teodoro noted that the cost of production also increased, affecting as well those in manufacturing business. He noted that business taxpayers can settle their obligations until the end of the year, without the burden of interests or surcharges.

These types of amnesties would be a big help, was quoted in a statement as saying.

Noel Flores, president of the Philippine Chamber of Commerce and Industry (PCCI-New Marikina Chapter), expressed gratitude to the city government for extending the tax amnesty ordinance for business taxpayers.

“We are looking forward for more collaborations and partnerships with the local government to boost our business,” Flores was quoted in the statement as saying. “Together we will recover, rebuild, and rise.”

Also, Marikina Market Vendors Association, headed by Mely Martinez, thanked the mayor and the City Council for the extension of the tax relief that will greatly help small businesses like them.

Teodoro is bullish that the business sector will be able to cope and overcome the ill effects of the pandemic and inflation.