Tax payers are being reminded to renew their business permits and pay their taxes before the February 29, 2012 deadline to avoid being imposed penalties of 25 percent, by acting Bacolod City Permits and Licensing Division head Vicente Petierre III.

Pettiere said those who pay their taxes in full will be entitled to 10 percent discount if they pay on time.

Petierre said they have extended the one-stop-shop from February 15 to 29 as directed by Mayor Evelio Leonardia due to requests from taxpayers and businessmen.

They will start imposing the 25 percent penalty after the deadline for the one-stop-shop, he said.

Petierre said he believes there are some taxpayers who have not renewed their business permits as he has received information that they are still waiting for the decision on the cases questioning the legality of the new Tax Code filed before the Department of Justice.

One of the cases has already been dismissed by the DOJ on technical grounds, he said. Meanwhile, the city has continuing discussions with businessmen to come up with a more favorable recommendation, and a common ground to lessen the impact of the new tax rates, Petierre added.

He said that as of Friday, the total collection from the renewal of business permits since January was P235,182,091.76, adding that this includes the total collection for February amounting to P86,377.640.90.

The total number of clients who have secured business permits is 14,516 and they have already assessed 13,874. The total number of renewals, is 12,931; new business application – P1,561 and 25 applied for additional line of business, Petierre said.

Their collection this year is more than double that of last year, he added.

Meanwhile, Petierre said they will conduct permits and tax mapping with representatives from the City Health Office and Land Tax Division to check on those who have complied, and those who have not paid their taxes.*CGS

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