Renewal of your Philippine business permit is crucial for your business, even if you haven’t started operations for your business yet last year or if you have just registered your business in the previous quarter of 2023.
To avoid penalties, fines, and restrictions from the government, you should renew your business permit ahead of the deadline. Business permit renewals are annual events that apply to the whole country, regardless of where you are in the Philippines. However, you may also do it semi-annually or quarterly.
What are the permits in the Philippines that need to be renewed every year? Currently, three permits need annual renewal in the Philippines: the Barangay or village permit, the Mayor’s or business permit, and the payment of annual registration fee with the BIR. Below are the deadlines for the renewal of permits annually for all types of businesses unless otherwise stated by the government:
Deadlines for business permit renewal
|Type of Permit
|Deadline for renewal
|Mayor’s permit/ Business permit
|Annual registration fee with the BIR
Overview of documentary requirements for the Barangay Permit Renewal
- Accomplished application form (2 copies)
- Latest barangay permit (bring both the original and a photocopy)
- Latest payment receipt for the barangay permit (bring both the original and a photocopy)
- Requirements stated on the application form
Overview of documentary requirements for the Mayor/Business Permit Renewal
Business permit renewal for 2023 requires you to prepare the documentary requirements as well as the payment for the fees, then go to the Business Permit Licensing Office (BPLO) of your local city hall government office. Non-compliance with the business permit renewal can cause penalties and sanctions for the enterprise and may drive banking and leasing operations to stop. The processing period for Philippine business renewal is between one to two months from the date of renewal, depending on the LGU.
- You will need the following output documents for business permit renewal:
- Barangay Clearance
- Community Tax Certificate
- Environmental Clearance or Greenhouse Gas Inventory Certificate (for Makati City)
- Sanitary permit
- Company documentary requirements:
- Copy of your latest business permit
- Copy of latest filed Audited Financial Statement/ Income Tax Return/ Monthly or Quarterly Value Added Tax Returns
- The Latest signed and notarized lease contract
- Latest Certificate of Occupancy
- Latest information on the number of employees
- For income-producing enterprises, the business permit fees depend on the gross receipts declared for the previous year
- For non-income producing organizations, government fees vary from Php 20-25,000.00
Overview of documentary requirements for the payment of the annual registration fee with the BIR
After getting your Barangay Permit and Business Permit, you can now apply for BIR registration renewal. The BIR registration renewal will enable you to register your books of accounts, give Tax Identification Numbers to employees, pay business taxes, and continue printing official receipts.
You will need to download and print:
- BIR Form 0605 (Submit the form together with the payment in person)
Starting the renewal process for your 2023 Philippine business permit
Keep in mind that operating without legal permits could not only cause your business to close but can also lead to serious violations that can lead to fines, asset seizure, and even imprisonment. If you don’t know how to start the process of business permit renewal, please contact us for help.
Contact Us Here, fill out the form below, call us at +63 (02) 8540-9623, or email us at email@example.com to get an initial consultation with one of our business incorporation professionals.