BPLO collection shows “thriving economy”

CEBU, Philippines — Cebu City’s Business Permits and Licensing Office (BPLO) revenue collection for the renewal of business permits has increased by 12% this year compared to last year’s record, which Cebu City Mayor Raymond Alvin Garcia sees as a reflection of the economy's progress

In a press conference on Monday, Garcia announced that the revenue collection from business permit renewals has reached ?1,769,803,131 as of February 10, 2025. Garcia noted that in comparison, last year’s collection during the same period was around ?1.5 billion.

As a result, the city has observed an increase of ?200 million in collections this year, which corresponds to a 12% rise compared to last year. Garcia also announced that the city has registered 1,000 new establishments this year.

According to Garcia, this is also an indication that the city’s tax efficiency has improved.

“It just shows that, you know, our economy has really bounced back, and people are more confident now in opening businesses,” Garcia said.

Last month, before the business permit renewal deadline ended, it was reported that the City Council had approved an extension of the deadline for the renewal of business permits and licenses until the end of January 2025.

Earlier, the deadline had been set for January 20, but many business owners requested an extension, according to the City’s Public Information Office (PIO).

Under the Local Government Code of 1991, all local taxes, fees, and charges must be paid within the first 20 days of January or each subsequent quarter, as applicable.

However, the council may extend the time for payment of such taxes, fees, or charges without surcharges or penalties for justifiable reasons, but only for a period not exceeding six months.

With the extension, business owners were able to avoid paying penalties and surcharges.

Beyond the extension set by the city government, a surcharge may be imposed, not exceeding 25 percent of the unpaid taxes, fees, or charges. Additionally, interest at a rate not exceeding two percent per month may be charged on the unpaid taxes, fees, or charges, including surcharges, until the amount is fully paid.

The total interest on the unpaid amount or portion should not exceed 36 months, as mandated under the Local Government Code.