The city government of Makati is extending its deadline of assessment of business permits without penalty until Thursday this week, and the payment of business and realty taxes at the end of the month.
The move, according to Mayor Abigail Binay, came after members of the City Council approved City Ordinance No. 2018-001, allowing the deadline of business permit processing and tax payments to be extended, until Jan. 25 and Jan. 31, respectively.
Binay urged the city’s business and real property owners who did not make it on the Jan. 20 deadline to take advantage of the extension 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,” the mayor said.
Under City Ordinance No. 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, 2018, from 8am to 5pm only.
Penalties on late payments of business taxes include a 25 percent surcharge and a two 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, 2018, from 8am to 5pm only, 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, BPLO will be open until 10pm, while on Saturday and Sunday (January 27 and 28), they will be open from 8am to 5pm.
Under the Makati Revenue Code, discounts are given to non-delinquent taxpayers, as follows: 10 percent for full year RPT payments made until January 20, and five 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 eight percent penalty on the first quarter, and two 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 eight percent penalty will be imposed for that quarter, and two percent on every succeeding month.
For miscellaneous fees and taxes, the deadline for professional tax payments is on January 31, while the deadline for payments 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, 8am to 7pm; January 22 to 26, 8am to 10pm; January 27 and 28, 8am to 8pm; and January 29 and 31, 8am to 10pm.