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Business Renewal Guide 20161

January 07, 2016 01:56:36 PM

About Us:

 

Happy New Year! Now that 2016 is upon us and the holidays have ended, it’s time to get back to the daily grind. As entrepreneurs, one of the things we have to do is to renew our permits. Though it can sometimes be time consuming and tiring to do, let’s start the year right by not procrastinating and getting this done!

Not sure where to start? Here is a quick guide:

1. Barangay Permit Renewal

    1. What you need:
      1. Original copy of the Barangay Permit from the previous year
      2. Original copy of the Official Receipt from the previous year
    2. Procedure:
      1. Go to the barangay hall and get the renewal application form. Fill out the form and submit it together with the requirements at the Barangay Permit Division.
      2. Wait for your form and requirements to be assessed.
      3. If there are no corrections or missing requirements, you’ll be instructed to pay the corresponding fees.
      4. Take note of the stamped release date on the official receipt to know when you can claim your new Barangay Permit.

2. Mayor’s/Business Permit Renewal

    1. What you need:
      1. New Barangay Permit
      2. Original copy of the Mayor’s/Business Permit from the previous year
      3. Original copy of Proof of payment for last year’s Mayor’s/Business Permit
      4. Income Statement for the previous year
      5. Contract of Lease for 2016
      6. Local Insurance
      7. Community Tax Certificate (CTC) or Cedula
    2. Procedure:
      1. Get the required application form at Business Permits and Licensing Office at the municipal hall to which your business operates. Accomplish said form and submit it together with the requirements for evaluation.
      2. Wait for your accomplished form and submitted requirements to be assessed. If there are no corrections or missing documents, the assessor will tell you to proceed to the payment section.
      3. Pay for the fees specified by the assessor at the City Treasurer’s Office.
      4. As soon as payment is processed, you’ll be given a receiving copy of payment from the City Treasurer’s Office. The receiving copy must be presented when you claim your Mayor’s Permit.

3. Renewal of Business Registration

    1. What you need:
      1. Duly accomplished BIR Payment Form 0605. You may download this form from the BIR website.
    2. Procedure:
      1. Go to your Revenue District Office (RDO) and have the officer-of-the-day assess your requirement. You may check your designated RDO from the BIR website.
      2. Pay the specified annual registration fee (PHP 500) at any bank that is duly accredited by the BIR in your RDO. As mandated by law, the annual registration fee is needed for every separate or distinct establishment or place of business. The Revenue Regulations 11-2008 provides details on this provision.

 

You may also renew your business name registration online at bnrs.dti.gov.ph!

Good luck!

About Us:

MyOffice is a virtual office and coworking space located in the Philippines. Established in 2004, the company currently has three branches in the country's financial districts Makati City and Bonifacio Global City. MyOffice offers various business solutions and work spaces that cater to the needs of start-ups, freelancers, and mobile entrepreneurs. Services include us of business address for permits, inquiry handling, call answering and transfer, PO box, meeting rooms, private offices, and many more.

Sources:
http://full-suite.com/blog/business-permit-renewal-guide-2016/
http://www.philstar.com/business/2015/01/27/1417066/dti-now-offers-online-renewal-business-name-registration
http://www.klamathfalls.city/business/permits-licenses-and-resources (Photo)

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