It’s Business Permit Renewal Time for 2022 PHILIPPINES
It’s that time of the year again when the New Year’s parties are over and it’s back to business. And for your company to avoid fines and remain in business, you’ll need to renew your business permit on or before January 20th, but in some cases, the deadline is being extended by some LGUs (local government units).
Business permit renewals are held annually nationwide, although it can also be done semi-annually or quarterly. (But in Taguig, semi-annually or quarterly is not an option for newly registered businesses, which includes old companies that recently transferred to Taguig. The waiting period is at least 12 months.)
To renew your business permit, you’ll need to travel to the BPLO (Business Permit Licensing Office) and provide the following documents, along with paying a fee that varies per organization. Here’s the overview of the documents you will need to provide:
- For revenue-generating companies, the business permit fees are based on the gross receipts declared for the previous year
- For non-revenue generating entities, they can expect to shell out government fees from Php 20-25,000.00
- Non-compliance will mean a penalty for the company, and possible interruption in the operation can also be expected since most institutions (like banks and lessors) may request updated permits
- The processing timeline can be expected to run between 1-2 months from the start date of the renewal; the timeline will vary from one Local Government Unit (LGU) to another
- Some of the critical and general requirements during business permit renewal:
- Copy of latest filed Audited Financial Statement / Income Tax Return / Monthly or Quarterly Value Added Tax Returns
- Updated / latest signed and notarized lease contract
- Updated Certificate of Occupancy
- Updated information on the number of employees
- Copy of your previous Business Permit
- Some of the output documents from business permit renewal are:
- Sanitary permit – note that some LGUs do not issue this kind of permit, like Pasig, Quezon City, and Muntinlupa
- Barangay Clearance
- Community Tax Certificate
- Environmental Clearance or Greenhouse Gas Inventory Certificate (for Makati City)
With COVID-19 around, along with various travel restrictions and government offices unexpectedly closing, this can be a challenge. The good news is that BGC CO CPAS can help renew your business permit for you.
BGC and Co. CPAs is a mid-sized progressive auditing firm providing comprehensive set of cost effective solutions to organizations like yours.
Our services include auditing, accounting, bookkeeping, business management, and HR consulting. Further, we provide other business services like VISA processing in Bureau of Immigration (BI), Philippine Retirement Authority (PRA).
We are equipped with state of art tools and techniques along with dedicated professional to evaluate potential opportunities and risks effective auditing and assurance services. We understand a value adding auditing and assurance service focus on scope of business improvement rather than merely preparing financial statements and reporting on figures.
The firm was formed to assist clients on the preparation of compliances relating to tax, financial management, forecasting and accounting software and system installation. Assist clients in tax investigations, internal auditing procedures and provide on financial, taxation, accounting and auditing matters when needed. Processing of business registration, cancellation / termination.
Our Mission
Deliver reliable cost effective professional services in time meeting specific customer requirements.
Our Vision
To become one of the best auditing and accounting firm in the Philippines providing the utmost satisfaction to all the clients. We would like to be known as one of the finest company to partnered with in all the aspects.
Our Team
Our teams of dedicated professionals led by senior qualified accountants are obliged to give you quality services which will enable you to serve your clients better and there by improve your business. We together with our associates enable to give you the best in the industry.
ABOUT OUR SERVICES
Auditing and Assurance
We are equipped with state of art tools and techniques along with dedicated professional to evaluate potential opportunities and risks delivering effective auditing & assurance services. We understand value adding auditing and assurance service focus on scope of business improvement rather than merely preparing financial statements and reporting on figures.
Our expertise in analyzing accounting systems, designing better systems with proper internal controls and management information reporting help our clients to adequately plan their business building strategy and give them the confidence to pace up with the rapidly growing economy.
Accounting and Bookkeeping
Accounting and bookkeeping is a necessity of every organization irrespective of its size. Our professionally qualified and experienced accountants understand and analyze business transactions and ensure compliance with the accounting standards. BGC has well trained staff familiar with many of the accounting system and most especially to the rapid changes in the BIR rules and regulations. Qualitative and timely accounting reports are crucial for the success of any business organization. BGC ensures relevant and reliable financial reports are delivered on regular intervals to assess performance and to facilitate decision making. Outsourcing of accounts department helps you to get professional expertise at lower cost and BGC provides the most efficient and effective bookkeeping solutions.
We assist you with below services:
• Accounts preparation and supervision
• Preparation and presentation of financial reports
• Bookkeeping services
• Payroll processing
• Training of accounting staff
Business Set-up and Termination
We do assist in setting up different types of business organizations through registrations to different government agencies such as:
• Securities and Exchange Commission (SEC);
• Bureau of Internal Revenue (BIR);
• Local Government Unit (LGU);
• Department of Trade and Industry (DTI);
• Social Security System (SSS);
• Philippine Health Insurance (Philhealth);
• Pag ibig;
• Food and Drug Administration (FDA)
We also assist our foreigner clients for the following:
• VISA extension;
• Bureau of Internal Revenue (BIR);
• 9g VISA;
• Special Resident Retiree’s VISA (SRRV)
• Social Security System (SSS);
• Passport Renewal
SERVICES
CONTACT US
ADDRESS
- 7TH FLOOR, PCCI CORPORATE CENTER, L.P. LEVISTE ST., SALCEDO VILLAGE, BRGY. BEL-AIR MAKATI, PHILIPPINES 1209
- Info@bgcco.ph
- lconvento@bgcco.ph
- Working Hours : 8:00 a.m - 5:00 p.m
PROFILE
AUTHORIZED INSTITUTION
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