Picture of "Going Out of Business" Banner
--- You have to secure Retirement of Business Operations Certification when you go out of Business ---
DESCRIPTION :
As per Section 12 of the Omnibus City Tax Ordinance:
"..any person who desires to retire from his business, trade, occupation or calling, may do so by surrendering his license or permit to the City Treasurer within ten (10) days from the date of the last entry in his books of accounts, and by filing the corresponding returns or statement of gross sales or receipts fordetermination of the taxes due. If the tax paid during the year be less than the tax due on said gross sales or receipts of the current year, the difference shall be paid before the business is considered officially retired.”
"..For failure to surrender the license or permit within the period herein prescribed, the business or occupation shall be deemed as being continued, and the taxes or fees corresponding, at least, to the succeeding quarter shall become due and payable.”Business owners whose businesses have stopped operating are required to apply for business retirement inorder to bring their business records to a close. The aim of the service is also to verify that these business establishments that have terminated their operations do not have any existing balances in our records, as well as to check the au-
thenticity of the application.
CLIENT/S : Businessmen of Cebu City
CONTACT PERSON:
Zosima Sebes – Acting Division ChiefLOCATION : 2nd Flr, Exec. Bldg / Business Taxes & Fees Division Cebu City Hall
Contact/Telephone Number: 412-0000 local 116
AVAILABILITY: Monday to Friday, 8:00 AM to 5: 00 PM
DURATION OF THE SERVICE: 2 weeks & 23 minutes
REQUIREMENTS in Applying for Retirement of Business Operations in Cebu:
1. Previous Business Permit with Official Receipt (O.R.)PROCEDURES IN APPLYING FOR RETIREMENT OF BUSINESS OPERATIONS IN CEBU:
2. Verification Sheets/Assessment Sheets Community Tax Certificate (cedula)
| Follow these steps… | Wait while Person-in-charge… | Approach … | It will take… |
| 1. Ask for the Application Form for retirement and fill out. | 1. Assigned person checks the business records of the establishment for any unpaid tax balances. | Victoria Moneva | Less than 3 minutes |
| 2. Submit the applicatio form, together with the supporting documents needed. | |||
| 4. Wait for the Inspection Team to inspect the business establishment certificate of authority. | 4. Inspects the business establishment to validate its claim for retirement. | Assigned Inspectors | Maximum of 2 weeks |
| 5. Pay for the remaining business tax balance to the Cashier (if any). Window/s which indicates "Business Tax Payments | 5. Designated Collector issues the Official Receipt for the payments made. | Designated cashier | Maximum of 5 minutes |
| 6. Submit the Official Receipt of the payment made to the verifier. | 7. Releases the approved Retirement certificate to the client. | Victoria Moneva | Less than 15 minutes |