BUSINESS PERMIT RENEWAL
Companies operating in the Philippines need to have a business permit. Even if they already have one, they need to renew it yearly.
The deadline is January 1st to the 20th every year regardless of the date of your registration. You should complete your renewal to avoid incurring a penalty. However, you need to collect all the requirements before the deadline so that you’re not rushing to renew your business permit.
What are the requirements for business permit renewal?
You’ll need to submit documents such as:
- Barangay Business Permit
- Renewal application form
- Photocopy of Business Permit from the previous
- DTI, SEC, or CDA Registration
- Latest income tax returns and quarterly VAT returns
- Community Tax Certificate or Cedula
These are just some of the documents and permits you need to submit to complete your business permit renewal.
The renewal process can be tedious and time-consuming. You’ll need to do your due diligence and start gathering the documents needed one or two months before the deadline. You might want to consider hiring Manila Bookkeepers to assist you in renewing your business permit. Outsourcing is a viable solution so that you don’t have to deal with the stress of the renewal process.
The Manila Bookkeepers team has the experience and know-how to get you through the renewal process efficiently.