Business establishments or enterprises are required to secure Business License and Mayor’s Permit and to pay business taxes before the start of operations.
The license must be renewed from January 1-20 every year. Penalties are imposed after this period.
Business taxes for new business establishments are based on capitalization. Those for succeeding years are computed as percentage of gross receipts or sales. Payments may be made annually, semi-annually or quarterly. Taxes are due on the first 20 days each quarter: January 20, April 20, July 20 and October 20.
It takes 2 days to process new applicants. This already includes the required inspections and clearances from various offices and government agencies.
Renewal of licenses may take 30 minutes or 2 hours depending on the results of verification made by a revenue collector and an approving officer.
