Tax Alert No. 43 [2025 Business Permit Renewal Reminder]

2025 Business Permit Renewal Reminder

As the year draws near to its close, we wish to remind you of your obligation to renew your local business permits and pay local business taxes (LBT) on or before the 20th day of January 2025. Late payment of the LBT will be subject to 25% surcharge, and 2% monthly interest.

The renewal process commences on the first working day of January. To avoid the long lines and risk of missing the deadline, it is advisable to start early. 

For any inquiry or request for assistance  in the renewal of your business permits for 2025, please feel free to contact the following from the Tax Services group:

• Harold S. Ocampo
• Aimee Rose DG. Dela Cruz
• Maxencio Jr. Rios   
• Elizabeth K. Adaoag-Belarmino
• Delila Dayag  

For any inquiry or request for assistance, please feel free to contact anyone from our Tax Services group. You may also reach us through this link