Thursday, January 18, 2007 City earns P22 million from business renewal
THE continuing registration and renewal of business permits covering January 2 to 15 this year earned a total of P22,910,288.70.
In a press statement sent to Sun.Star Cagayan de Oro, City Treasurer Lino Daral said the figure is 15 percent higher compared to the same period last year with only P19,924,522.15 collected last year or a difference of P2,985,766.57.
The total collection was derived from 6,109 business establishments that renewed their business for the year. Daral said they are still expecting 10,000 more business establishments to renew before the deadline on Monday, January 22.
A total of 16,000 business establishments are expected to renew and open for the year, Daral added.
The city treasurer pointed out that the increasing number of businesses that registered this year is a clear indication of the continuing trust and confidence placed by the business community in the city government.
On the other hand, Daral urged those who have yet to renew their businesses to process their business permit applications until Monday, January 22, to avoid 25 percent surcharge and two percent penalty.
Daral said the one-stop-processing center is open on Saturday and Sunday from 8:00 a.m. to 5:00 p.m. and on Monday, the City Finance Department will be open until 12 midnight.
The city treasurer also clarified that even if business permit applications are already received before the due date, the date of payment will still be the determining factor in the imposition of penalty and surcharge.
Daral said the processing of business permits is now very convenient with the assignment of priority numbers for the transacting public. Benches are also provided to ensure comfort of those who are waiting while the their permits are being processed. (CIO)
