Академический Документы
Профессиональный Документы
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BARANGAY
Requirements:
1. Latest Barangay Clearance (original and copy).
2. Letter of Request for Retirement.
3. Any of the following (must be notarized:
1. Board Resolution.
2. Secretary/Director’s Certificate.
3. Affidavit of Business Closure.
Process:
1. Complete the above-mentioned requirements.
2. Submit all the documents at the barangay where you are registered.
3. Pay the necessary fees.
4. They will receive your requirements and they will give you a Certificate of Closure. In some cases,
you can get it the same day or they will inform you when to get back.
CITY HALL
Requirements:
1. Board Resolution
2. Articles of Incorporation
3. Amended articles, if any
4. Letter request for retirement
5. Audited Financial Statement & ITR for the three (3) preceding years of the retirement date.
6. Original Mayor’s Permit (If lost, submit an affidavit of loss).
7. Official Receipts (from the City Hall)
8. Monthly and/or Quarterly BIR Returns / ITR for the current year.
9. Certification of Gross Sales for the current year duly certified by an accountant.
10. Authorization letter for representatives/liaisons together with the ID of both signatory &
representative.
11. Cedula / CTC for three (3) years of the retirement date.
12. If no operation, submit the Affidavit of no operation.
13. Certification from Barangay stating actual closure of the business.
Process:
1. After getting the Certificate of closure from barangay, complete all the requirements above and go to
city hall where you are registered.
2. Get a form at the city hall for retirement and fill this up. It should be signed by the owner. Remember
to notarized it.
3. Submit the notarized form together with other requirements for assessment.
4. They will give you a claim stub, they usually put a date on when to follow up (usually after a month).
5. Once you follow up and the city hall said that your certificate of closure is ready, go back to the city
hall and pay the necessary feed first before they release the certificate.
Note: You need to submit the request for business closure within 30 days after you have submitted a
request from the barangay. Otherwise, there will be penalties for late filing.
Process:
1. Go to your RDO and get a BIR Form 1905. Fill that out and submit it to your RDO together with all
the requirements above.
2. Go to TIN Issuance counter to have your 1905 stamped. Make sure to get your copy of stamped
1905. It is your proof that your TINis already canceled, and you don’t need to file any tax returns.
3. Submit all the requirements to the examiner for assessment. If all the documents are complete, they
will tell you to follow up again usually after 1 week.
4. Just in case BIR tells you that you forgot or missed filing one tax but you did file it, just submit the
form you filed before together with the confirmation email then wait.
5. In the event that you really missed filing, just file the form online, and pay the necessary fees and
penalty at the Authorized Agents Banks (AABs). Then submit it to your RDO and wait again.
6. Once you’re cleared, they will release your Certificate of No Liability.
Final Thoughts:
Just because you stop operating or decided not to continue your business (if no operation), doesn’t
mean that you are no longer required to file your obligations to the government. Whatever your
reason is in closing a business, you need to file for the retirement of a business or else you will incur
penalties if you stop filing government’s requirements such as taxes, etc.
Depending on the status of a business, closing a corporation in the Philippines can take more than a
year. To save you from hassle and stress, you can just hire an expert who will process your
business retirement for you.