TAXPAYERS in Parañaque City are being encouraged by Mayor Edwin Olivarez to take advantage of the extension of deadline for payment of business taxes, permits and licenses until the end of this month.
This came after a council resolution was approved to accommodate the significant volume of taxpayers that showed up last week at the city hall to meet the January 25 cutoff point.
“[Those] with statement of account [SOA] dated January 2 to 25 is extended up to January 31, or a six-day extension, with no penalty will be imposed,” the local chief executive disclosed.
Based on the resolution, a 10-percent discount for the duration of the extension period is also entitled to entrepreneurs who fully settle their business taxes.
“However, from February 1 onward, we will be imposing penalty or surcharge,” Olivarez pointed out.
The mayor said they decided to prolong the time limit for business license registration and renewal upon learning that the city’s Business Permits and Licensing Office (BPLO) has been receiving a huge number of them.
An initiative called “Project Express Lane Operation” (Project ELO) was launched by the city government a couple of years ago.
Since then, assessments have nearly doubled to P81 million from P46 million generated in the first working day of 2018, according to BPLO chief lawyer Melanie Malaya.
“We urge our taxpayers to take advantage of the extension to avoid incurring additional penalties and surcharges,” she said.
In 2018, the BPLO collected P2.5 billion business taxes and fees from 23,000 business applicants citywide.
Through Project ELO, Malaya bared that they are expecting a growth of 15 percent in registrants this year.
The initiative was relaunched in 2019, by the city government to ELO 2.0, a simplified and integrated business permit renewal system aimed at improving the confidence of both local and foreign investors, while enhancing service delivery to them.
Malaya, likewise, said that Parañaque is the first local government unit in the country to integrate the barangay business clearance in their BOSS (business one-stop shop) operations, making the city fully compliant with Republic Act 11032, or the Ease of Doing Business Act.
She added that they are expecting a 23-percent surge in business applicants this year following the opening of big malls, mega casino and hotels at the Entertainment City, along Coastal Road, and several entities along the stretch of Sucat Road and Roxas Boulevard.