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Here are the procedures in renewing your business permit in Cebu

DESCRIPTION :

Renewal of Business Permit

"..Application for renewal of license or permit shall be filed or registered on or before January 20 of each year (Sec. 5, Revised Omnibus Tax Ordinance of the City of Cebu).”

The business permit is renewed, without regards to the date of issue, from January 1-20 of every year. This is also in consonance with Section 8 of the Revised Omnibus Tax Ordinance of the City of Cebu which states that:

"All business taxes, fees, or charges imposed under this Ordinance shall accrue on the first day of January of each calendar year as regards persons then liable. Unless otherwise specified, all business taxes are payable at the option of the taxpayer, either, annually, on or before the twentieth of January, or quarterly, on or before the twentieth of January, April, July and October.”

Application for the permit beyond the twentieth of January of the current year will be subject to the payment of penalties, interests and surcharges on top of the business taxes and fees.


REQUIREMENTS:

Renewal of Business Permit

I. For Assessment

Duly filled-out Application Form
Previous year's Tax Payment Verification Sheet (TPVS)/ledger

II. For the Temporary Mayor’s Business Permits

Official Receipt of payments made
Present year Community Tax Certificate (CTC)
Previous year Mayor’s Business Permit

III. For securing the Business Permit

Previous year BP, with O.R.
SSS Clearance
Barangay Clearance
Sanitary Permit
Contract of Lease
PHILHEALTH Clearance (if applicable)
PAG-IBIG Clearance


FEES:

Renewal of Business Permit

Application for renewal filed after January 20 shall subject the applicant to a penalty of 1/20th of 1% of the capital investment (Sec. 5, Revised Omnibus Tax Ordinance of the City of Cebu).
Further, except as otherwise provided, payments of taxes, fees or charges made after the 20th of January shall be subject to surcharges of 25% plus interest at the rate not exceeding 2% per month of the unpaid taxes, fees or charges including surcharges...(Sec. 20, Revised Omnibus Tax Ordinance of the City of Cebu).

For additional inquiries and assistance, please feel free to contact me us at 0922-9410412.

Taken from: How to Renew Your Business Permit in Cebu - Business