The Business Bureau in Davao is expecting to wind up today the processing of the renewal of the permits of about 38,800 business establishments in the city.
According to Cecilia Ipong of the Business Bureau, they have recorded 32,335 applicants out of 38,800 total permits from January 2 to 18 this year.
“Of the same number of applications, 20,334 establishments have already paid their dues amounting to P42,014,842,” she said.
Ipong added that peace and order was one of the major factors that contributed to the business renewal in the city.
“Several businessmen observed the tremendous investment opportunities in the city which is why they opted to renew the permits,” Ipong said.
The renewal of business permits has been conducted on the ground floor of Sangguniang Panlungsod and at the Kadayawan Hall in NCCC Mall since January 2 this year and that new enterprise are also encouraged to apply to secure business permits.
Meanwhile, in a statement released by City Information Office (CIO), the documentary requirements for renewal include barangay clearance, income tax returns and other documents that would determine the corresponding taxes, fees and charges.
“Additional documentary requirements as set by the Revenue Code of Davao are previous Mayor’s Permit, past receipts of payments, notarized list of employees, community tax certificate, fire safety inspection certificate, and special power of attorney for single proprietorship, board/partnership resolution and secretary’s certificate for other types of organizations,” CIO’s statement added.
The Business Bureau urged the enterprises to renew on or before the deadline to prevent from being penalized, and that renewing business permits beyond January 20 would have a corresponding surcharge of 20 percent.
In the website of Business Bureau, “failure to pay the tax, fee or charge within the time required shall subject the taxpayer to a surcharge of 25% of the amount of tax, fee or other imposition due not paid on time and an interest at the rate not exceeding two percent per month of the unpaid taxes, fees or charges including surcharges, until such amount is fully paid but in no case shall the total interest on the unpaid amount exceed 36 months.”
