Dec 052016
It is only 19 days to go before Christmas. But before the merriment of Christmas engulfs us, we should also prepare for the upcoming rush of renewing local government unit (LGU) registrations for businesses.
The Local Government Code of the Philippines provides that all local taxes, fees, and charges shall be paid on or before Jan. 20 of each year. For quarterly payments, succeeding payments must be paid not later than 20th day of the first month of the quarter. The local government unit (LGU), however, may for a justifiable reason or cause, extend the time for payment of such taxes, fees, or charges without surcharges or penalties, but only for a period not exceeding six months.