CTO appeals for early biz permit renewal PDF Print E-mail
Wednesday, 18 January 2012 17:02

The City Treasurer’s Office yesterday reminded local businessmen and tricycle operators to pay their business and franchise taxes as early as possible and not wait for the rush hour or face penalties.

City Treasurer Soledad Li made this appeal yesterday, with only 3 days left before the deadline on Friday, January 20.

She said the CTO, the License and Permits Division, the Tricycle Adjudication Board (TAB) and Computer Services Division are extending working hours just to accommodate late applicants.

Per directive of Mayor Celso Lobregat, personnel from the offices concerned have extended working hours up to 8pm Mondays thru Fridays and render overtime work during Saturdays from 8am to 5pm.

“We appeal to businessmen and tricycle franchise holders not to wait for the last minute”, the lady treasurer said stressing that penalties and surcharges will be imposed on late renewals.

The Permits and Licensing Division under the Office of the City Mayor has been accepting applications for the renewal of business permits for 2012 since October 3.

Under the law, January 20, 2012 is the deadline set for renewal process and the payment of business taxes. Late payments will mean a surcharge of 25 percent and 2 percent additional penalty for every month of delay.

Business permit renewal applicants are advised to bring the original business permit for the year 2010 as basis for the renewal.

Last year, the Licensing and Permits Division issued 8,975 business permits and 12,200 occupational permits.

An increase is expected in the number of business permits to be issued this year. — Sheila Covarrubias