Retirement of Business

About the Service:

Certificate of Retirement is issued to an operator who chooses to terminate his business operation upon 
payment of all taxes due on his business and validated by this office that said business has ceased 
operation

 

REQUIREMENTS:

  1.   FOR BUSINESS TAXES AND FEES DIVISION 
    • Original Business Permit
    • Latest Income Tax Return (ITR)
    • Monthly Percentage Tax Returns or sworn statement of gross receipts
    • Official Receipt of Payment for Tax on Retirement, if any
    • Official Receipt for Certification Fee and one set of Documentary Stamp, if Certification is requested

 

  1.   FOR CASH RECEIPTS DIVISION
    • Application form with tax computation

 

HOW TO AVAIL THE SERVICE:

          CLIENT STEPS                                                                   PROCESSING TIME                PERSON RESPONSIBLE

1. Secure application form from Business              5 mins                  JOCELYN S. JABIL
   Taxes and Fees Division (BTFD), accomplish                                      LTOO II
   the same and submit the form with attachment                            VINCENT ELVIS T. ALVAREZ                                        
   for evaluation                                                                  LTOO III

2. Pay taxes due, if any                              2 mins.          MAIN COLLECTION WINDOWS (1 TO 8)

3. Return form with Official Receipts and             2 mins.                 JOCELYN S. JABIL
   get claim stub                                                                  LTOO II
                                                                           VINCENT ELVIS T. ALVAREZ
                                                                                   LTOO III

4. Claim Certification of cessation / retirement     3 to 5 mins.             JOCELYN S. JABIL
   of business on the date indicated in the claim                                  LTOO II
   stub                                                                    VINCENT ELVIS T. ALVAREZ
                                                                                   LTOO III