In a bid to provide relief to businesses amid the pandemic, the Quezon City government has extended the deadline for payment of business taxes, fees and charges from January 20 to April 20, 2021 without penalty, surcharge or interest.
Through Ordinance No. SP-2981 S-2020, which was introduced by Councilors Franz Pumaren and Victor Ferrer Jr. and recently passed by the city Council, a three-month extension was granted to business owners within which to pay their business taxes.
“We recognize the financial difficulties that most of us are experiencing now, especially our entrepreneurs who were forced to close shop or temporarily suspend their operations. This way, we hope to ease their burden and to help them recover,” said Mayor Joy Belmonte.
The deadline coincides with the second quarter business tax deadline.
In addition to the requirement for the submission of sworn statements of gross receipts or sale, the ordinance likewise requires small, medium, and large businesses to submit their audited financial statement, which was also required by the Bureau of Internal Revenue.
“This is to ensure that we determine the actual tax dues correctly and efficiently,” said Belmonte.
Micro businesses or those whose total assets have a value of not more than P3,000,000 such as sari-sari stores are required to submit sworn statements of gross sales/ receipts, monthly VAT returns and/or percentage tax receipts, in lieu of audited financial statements.