The government of Makati City is calling its residents to pay their business permits and business and realty taxes without penalty, as the deadline for payment has been extended.
The local government said following the approval by the City Council of City Ordinance 2018-001, the deadline of assessment of business permits without penalty has been extended to January 25, and the payment of business and realty taxes have been extended to January 31.
Mayor Abigail Binay urged the city’s business and real-property owners who did not make it to the January 20 deadline can still settle their payments to avoid incurring penalties and surcharges.
“We have extended the deadline to accommodate clients who really intend to be prompt in their payments. We urge you not to wait until the deadline again to avoid having to endure longer lines and other inconveniences,” Binay said.
Under City Ordinance 2018-001, the deadline for the assessment of business permits without penalty has been extended from January 20 to January 25, 2018.
The acceptance of payments for business licenses without penalty has also been extended up to January 31 from 8 a.m. to 5 p.m. only.
Penalties on late payments of business taxes include a 25-percent surcharge and a 2 percent penalty per month of delay until the amount due is fully settled.
For real-property tax (RPT) collection, taxpayers may avail themselves of the 10-percent discount up to January 31 provided that full payment is made for the whole year.
The Business Permits and Licensing Office (BPLO) and other frontline offices involved in the processing of business permit and license applications, payments of taxes and fees and other related transactions will continue to extend work hours until January 31. On weekdays until January 31, the BPLO will be open until 10 p.m., while on Saturday and Sunday (January 27 and 28), it will be open from 8 a.m. to 5 p.m.
Under the Makati Revenue Code, discounts are given to nondelinquent taxpayers, as follows: 10 percent for full-year RPT payments made until January 20, and 5-percent discount for prompt quarterly payments (Quarter 1 until January 20; Quarter 2 until April 20; Quarter 3 until July 20; and Quarter 4 until October 20).
Annual RPT payments made after March will incur an 8-percent penalty on the first quarter, and 2 percent on every succeeding month.
For late quarterly RPT payments (made after the last day of the quarter, i.e., March 31, June 30, September 30, December 31), an 8-percent penalty will be imposed for that quarter, and 2 percent on every succeeding month.
For miscellaneous fees and taxes, the deadline for professional tax payments is on January 31, while that on community tax, both corporate and individual, is on February 28.
The Miscellaneous Division will continue to extend work hours, as follows: January 20 and 21, 8 a.m. to 7 p.m.; January 22 to 26, 8 a.m. to 10 p.m.; January 27 and 28, 8 a.m. to 8 p.m.; and January 29 and 31, 8 a.m. to 10 p.m.