From P1 billion last year, the Cebu City government aims to collect P5 billion from business permit renewals and other regulatory fees this year.
A one-stop shop will open today at the SM City Cebu Trade Hall 3 to cater to around 30,000 business establishments in the city.
“We have conducted a dry-run and we are ready for our collection which will start Monday (today),” Cuevas said.
The one-stop shop will be open until January 23.
Cuevas said those who fail to renew their permits within this period will have to pay a two-percent monthly interest on top of a 25-percent surcharge.
Businesses who continue to operate without permits will be given three notices from the City Treasurer’s Office (CTO) to comply with the requirements, otherwise, they will be sent closure notices.
The one-stop shop will be open at 8 a.m. Taxpayers can present valid identification cards at the mall’s entrance 5, near Radisson Blu Hotel, to be able to enter before the mall opens.
The shop closes at 7 p.m. and will be open on two Saturdays, January 10 and 24. But those who apply on the 24th will have the pay the interest and surcharge because this is already beyond the prescribed period. The shop will be closed on the 17th to give way to the Sinulog celebration.
If applicants have the complement documentary requirements, processing time at the one-stop shop is only 15 minutes, Cuevas said.
Only three documents are required – a filled out application form, printout ledger of the current year and a 2013-2014 comparative income statement.
Applicants after the period will have to transact at the Cebu City treasurer’s office.