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Business Permit Renewal Services in the Philippines
We provide Business Permit Renewal Services to registered companies in the Philippines, both local and foreign. Depending on the location of your business, we can process your permit renewal with the following government agencies:
- Local Government Unit (LGU) of your place of business
- Bureau of Internal Revenue (BIR)
The deadline for business permit renewal with the LGU is every January 20. You have the option to pay the renewal fees on a quarterly basis, which shall be due 20 days after the close of each quarter (April 20, July 20, and October 20).
The deadline for renewal of the BIR Business Registration is every January 31. The annual registration fee of P500.00 must be filed and paid to the BIR on or before January 31.
Step-by-Step Guide in Business Permit Renewal in the Philippines
Step 1: Secure Barangay Permit
The first step in the process is to secure a permit from the barangay hall where your business is located, known as a Barangay Permit. Securing a Barangay Permit is important because it is a requirement of the next step in the process: obtaining a Mayor’s Permit from the municipality of your place of business. Provided all requirements are met, you can obtain a Barangay Permit within a day.
Requirements for Obtaining a Barangay Permit
- Original and photocopy of last year’s Barangay Permit
- Original and photocopy of last year’s Official Receipt
- Accomplished Renewal Application Form (2 copies)
- Other requirements indicated in the Renewal Application Form
Step 2: Secure Mayor’s Permit
The second step in the process is obtaining a Mayor’s Permit from the city/municipal hall of your place of business, which can only be done after obtaining a Barangay Permit. Provided all requirements are met, you can obtain a Mayor’s Permit within 1 to 3 weeks.
Requirements for Obtaining a Mayor’s Permit
- New Barangay Permit
- Original Mayor’s Permit from last year
- Original Official Receipt from last year
- Income Statement from last year (audited or unaudited)
- Contract of Lease from last year
- Local Insurance (either from City Hall or Private Insurance Company)
- Community Tax Certificate (CTC)/Cedula (can be acquired from City/Municipal Hall)
Step 3: Secure BIR Business Registration Certificate Renewal
The last step in the process is renewing your BIR Business Registration Certificate. This certificate grants your business the right to continuously print official receipts, register books of accounts, pay business-related taxes, and give TIN (Tax Identification Number) to employees. Provided all requirements are met, the process can be completed in a day.
Requirements for Obtaining BIR Business Registration Certificate Renewal
- BIR Payment Form 0605 (download and print)
- Registration fee of P500.00
Penalties for Non-Compliance of Business Permit Renewal
The penalty for non-compliance with the LGU is a 25% surcharge on the tax assessed, plus an additional 2% penalty for every month of non-renewal after the deadline. For extremely delinquent accounts, the penalty is closure and/or seizure of properties and assets.
For BIR, the penalty for noncompliance is a fine of not less than P5,000.00 but not more than P20,000.00 and imprisonment of not less than 6 months but not more than 2 years.