Application for Retirement of Business

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5. Application For Retirement Of Business
The processing of business retirement is required upon termination/closure of business
operation pursuant to the provisions of Republic Act. No. 7160.
Office or City Business Permit and Licensing Office
Division:
Classification: Simple
Type of G2B – Government to Business
Transaction:
Who may avail: Individual Business Owners, Corporations, Cooperatives,
Associations and Organizations
CHECKLIST OF REQUIREMENTS WHERE TO SECURE
1. Application Form for Retirement of Downloadable form online or at the
Business City Business Permit and Licensing Office
2. Original Business Permit and Applicant
Business Sticker if the permit is still
valid.
3. Barangay Certification of Closure Office of the Sangguniang Barangay
(indicating the date of closure)
4. Sworn statement of gross sales or Notary Public / B.I.R.
receipts / B.I.R. Tax Returns of unpaid
taxes (with breakdown if consolidated
or with branches)
5.1a Board Resolution authorizing Applicant
closure (For Corporation or
Cooperative)
5.1b Partnership Agreement Applicant
authorizing closure (For Partnership)
FEES TO PROCESSING PERSON
CLIENT STEPS AGENCY
BE PAID TIME RESPONSIBLE
ACTIONS
1. Submit 1. Review the None 5 Minutes 1. CBPLO Staff
application and application and
requirements for requirements.
business Approve or deny
retirement. application. Notify
the client of any
deficiencies/lacking
requirement/s by
issuing a reply
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PDF page 243 (handbook page 242)
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form. Prepare
computation of
taxes, fees and
charges. Print Tax
Order of Payment;
and endorse to the
City Treasurer’s
Office for payment.
2. Payment of 2. Accept payment Local Tax 10 Minutes 2. City
taxes, fees and of client. Code (Annex Treasurer’s
charges. 1) Office Staff
Documentary
Stamp Tax
P30
3. Claiming of 3. Print Business None 15 Minutes 3. CBPLO Staff,
Business Retirement CBPLO Chief
Retirement Certificate and and City
Certificate. endorse to BPLO Treasurer
Chief and City
Treasurer for
signing. Release
Business
Retirement
Certificate to client.
Based on Tax
TOTAL Order of 30 Minutes
Payment
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PDF page 244 (handbook page 243)
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ANNEX 1
1. Business Tax
1a. New Business
For new businesses of printing and publication and those enjoying a franchise, the tax
shall be one twentieth of one percent (1/20 of 1%) of the capital investment. Other natures of
business are not liable for the payment of initial local business tax.
1b. Business Renewal and Retirement of Business
(a) On manufacturers, assemblers, re-packers, processors, brewers, distillers, rectifiers
and compounders of liquors, distilled spirits and wines or manufacturers of any article of commerce
of whatever kind or nature. In accordance with the following schedule:
Amount of Gross Sales/Receipts for the
Preceding Calendar Year in the amount of: Tax per Annum
Less than 10,000.00 P 199.50
10,000.00 or more but less than 15,000.00 266.00
15,000.00 or more but less than 20,000.00 365.00
20,000.00 or more but less than 30,000.00 532.00
30,000.00 or more but less than 40,000.00 798.50
40,000.00 or more but less than 50,000.00 998.00
50,000.00 or more but less than 75,000.00 1,595.00
75,000.00 or more but less than 100,000.00 1,996.50
100,000.00 or more but less than 150,000.00 2,662.00
150,000.00 or more but less than 200,000.00 3,327.50
200,000.00 or more but less than 300,000.00 4,658.50
300,000.00 or more but less than 500,000.00 6,655.00
500,000.00 or more but less than 750,000.00 9,680.00
750,000.00 or more but less than 1,000,000.00 12,100.00
1,000,000.00 or more but less than 2,000,000.00 16,527.50
2,000,000.00 or more but less than 3,000,000.00 19,965.00
3,000,000.00 or more but less than 4,000,000.00 23,958.00
4,000,000.00 or more but less than 5,000,000.00 27,951.00
5,000,000.00 or more but less than 6,500,000.00 29,491.00
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6,500,000.00 or more At a rate not exceeding
Forty Five percent (45%) of One percent
(1%)
The preceding rates shall apply only to amount of domestic sales of manufacturers,
assemblers, re-packers, processors, brewers, distillers, rectifiers and compounders of liquors, distilled
spirits, and wines or manufacturers of any article of commerce of whatever kind or nature other than
those enumerated under Paragraph (c) of this Section.
(b) On wholesalers, distributors or dealers in any article of commerce of whatever kind or nature
in accordance with the following schedules:
Gross Sales/Receipts for the Preceding Amount of
Preceding Calendar Year In the amount of: Tax per Annum
Less than 1,000.00 P 21.50
1,000.00 or more but less than 2,000.00 34.00
2,000.00 or more but less than 3,000.00 60.50
3,000.00 or more but less than 4,000.00 87.00
4,000.00 or more but less than 5,000.00 121.00
5,000.00 or more but less than 6,000.00 146.00
6,000.00 or more but less than 7,000.00 173.00
7,000.00 or more but less than 8,000.00 199.50
8,000.00 or more but less than 10,000.00 226.00
10,000.00 or more but less than 15,000.00 266.00
15,000.00 or more but less than 20,000.00 332.50
20,000.00 or more but less than 30,000.00 399.00
30,000.00 or more but less than 40,000.00 532.00
40,000.00 or more but less than 50,000.00 798.50
50,000.00 or more but less than 75,000.00 1,198.00
75,000.00 or more but less than 100,000.00 1,597.00
100,000. 00 or more but less than 150,000.00 2,262.50
150,000.00 or more but less than 200,000.00 2,928.00
200,000.00 or more but less than 300,000.00 3,993.00
300,000.00 or more but less than 500,000.00 5,372.00
500,000.00 or more but less than 750,000.00 7,986.00
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750,000.00 or more but less than 1,000,000.00 10,648.00
1,000,000.00 or more but less than 2,000,000.00 12,100.00
2,000,000.00 or more At a rate not exceeding sixty
percent (60%) of one percent (1%)
The businesses enumerated in Paragraph (a) above shall no longer be subject to the tax on
wholesalers, distributors or dealers herein provided for.
(c) On exporters and on manufacturers, millers, producers, wholesalers, distributors, dealers or
retailers of essential commodities enumerated hereunder at a rate not exceeding one half (1/2) of the
rates prescribed under Subsections (a), (b) and (d) of this Article;
(1) Rice and corn;
(2) Wheat or cassava flour, meat, dairy products locally manufactured, processed or
preserved food, sugar, salt and agricultural marine and fresh water products, whether
in their original state or not;
(3) Cooking oil and cooking gas;
(4) Laundry soap, detergents and medicine;
(5) Agricultural implements, equipment and post-harvest facilities, fertilizers, pesticides,
insecticides, herbicides and other farm inputs;
(6) Poultry feeds and other animal feeds;
(7) School supplies; and
(8) Cement
For purposes of this provision, the term exporters shall refer to those who are principally
engaged in the business of exporting goods and merchandise, as well as manufacturers and
producers whose goods or products are both sold domestically and abroad. The amount of export
sales shall be excluded from the total sales and shall be subject to the rates not exceeding one half
(1/2) of the rates prescribed under Paragraphs (a), (b) and (d) of this Article.
(d) On retailers.
Gross Sales/Receipts
for the Preceding Year Rate of Tax per Annum
400,000.00 or less 2.2%
More than 400,000.00 1.1%
The rate of two and 1/5 percent (2.2%) per annum shall be imposed on sales not exceeding
Four Hundred Thousand Pesos (P 400,000.00) while the rate of one and 1/10 percent (1.1%) per
annum shall be imposed on sales in excess of the first Four Hundred Thousand Pesos (P400,000.00).
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However, barangays shall have the exclusive power to levy taxes on stores whose gross sales
or receipts of the preceding calendar year does not exceed Thirty Thousand Pesos (P 30,000.00)
subject to existing laws and regulations.
(e) On contractors and other independent contractors in accordance with the following schedule
(Real Estate, Cable, Hotel/Motel) Paragraph (h):
Gross Sales/Receipts for the Preceding Amount of
Calendar Year in the amount of: Tax per Annum
Less than 5,000.00 P 33.00
5,000.00 or more but less than 10,000.00 74.00
10,000.00 or more but less than 15,000.00 126.50
15,000.00 or more but less than 20,000.00 199.50
20,000.00 or more but less than 30,000.00 332.50
30,000.00 or more but less than 40,000.00 465.50
40,000.00 or more but less than 50,000.00 665.50
50,000.00 or more but less than 75,000.00 1,064.50
75,000.00 or more but less than 100,000.00 1,597.00
100,000.00 or more but less than 150,000.00 2,395.50
150,000.00 or more but less than 200,000.00 3,194.00
200,000.00 or more but less than 250,000.00 4,392.00
250,000.00 or more but less than 300,000.00 5,590.00
300,000.00 or more but less than 400,000.00 7,453.50
400,000.00 or more but less than 500,000.00 9,982.50
500,000.00 or more but less than 750,000.00 11,192.50
750,000.00 or more but less than 1,000,000.00 12,402.50
1,000,000.00 or more but less than 2,000,000.00 13,915.00
2,000,000.00 or more At a rate not exceeding
sixty percent (60%) of one percent
(1%)
Provided, that in no case shall the tax on gross sales of P2,000,000.00 or more be less than
P13,915.00
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(f) On banks and other financial institutions at the rate of sixty percent (60%) of one percent (1%)
of the gross receipts of the preceding calendar year derived from interest, commissions and
discounts from lending activities, income from financial leasing, dividends, rentals on property
and profit from exchange or sale of property and insurance premium. All other income and
receipts not herein enumerated shall be excluded in the computation of the tax.
(g) On peddlers engaged in the sale of any merchandise or article of commerce at the rate of Fifty
Five Pesos (P55.00) per peddler annually.
Delivery trucks, vans or vehicles used by manufacturers, producers, wholesalers, dealers or
retailers taxable by the province under Section 141 of R.A. 7160 shall be exempt from the peddler's
tax herein imposed.
The tax herein imposed shall be payable within the first twenty (20) days of January. An
individual who will start to peddle merchandise or articles of commerce after January 20 shall pay the
full amount of the tax before engaging in such activity.
(h) There is hereby imposed the following graduated taxes on the businesses not otherwise
specified on the preceding paragraph at the rate of:
Gross Sales/Receipts
for the Preceding Year Rate of Tax per Annum
400,000.00 or less 2.2%
More than 400,000.00 1.1%
1. Cafes, cafeterias, ice cream and other refreshment parlors, restaurants, soda fountain
bards, carinderias or food caterers.
2. Amusement places including places wherein customers thereof actively participate
without making bets or wagers including but not limited to night clubs or day clubs, cocktail
lounges, cabarets or dance halls, karaoke bars, skating rinks, bath houses, swimming
pools, exclusive clubs such as country and sports clubs including golf courses, resorts
and other similar places, billiard and pool tables, bowling alleys, circuses, carnivals,
merry-go-rounds, roller coasters, ferries wheels, swings, shooting galleries and other
similar contrivances, theaters and cinema houses, boxing stadium, race tracks, cockpits
and other similar establishments.
3. Commission agents.
4. Lessors, dealers, brokers of real estate.
5. On boarding houses, pension houses, motels, apartments and condominiums.
6. Subdivision owners.
7. Privately owned markets.
8. Hospitals, medical clinics, dental clinics, therapeutic clinics, medical laboratories, dental
laboratories and cockpit operators (to include placid and cockpit rentals).
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9. Operators of Cable Network System.
10. Operators of computer services establishment.
11. Private Cemeteries/Memorial Parks
12. All other similar activities consisting essentially of the sales of goods and services for a
fee.
The rate of two percent and two tenth (2.2%) per annum shall be imposed on sales not
exceeding Four Hundred Thousand Pesos (P 400,000.00) while the rate of one percent and one tenth
(1.1%) per annum shall be imposed on sales in excess of the first Four Hundred Thousand Pesos (P
400,000.00).
(i) On operators of public utility vehicles and/or privately owned buses serving the factory
maintaining booking office, terminal or waiting station for the purpose of carrying passengers from
this municipality under a certificate of public convenience and necessity or similar franchises:
Air-conditioned buses 5,000 per unit
Buses without air-conditioning 4,000 per unit
Mini buses 3,000 per unit
Taxis/Fierras/Tamaraws 2,000 per unit
Jeepneys 1,000 per unit
Section 2A.03. Presumptive Income Level. For every tax period, the Treasurer’s Office shall
prepare a stratified schedule of "presumptive income level" to be ratified by the Sangguniang Bayan
before adoption to approximate the gross receipt of each business classification.
Section 2A.04. Exemption. Business engaged in the production, manufacture, refining,
distribution or sale of oil, gasoline and other petroleum products shall not be subject to any local tax
imposed in this Article.
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