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About the Project Master Plan Incentive Packages Project Area

   TAX INCENTIVES
 

For newly started business which has a capitalization of five hundred thousand pesos (P500,000.00) and above shall avail of tax moratorium for business investor based on the schedule of payment of taxes granted under the tax moratorium effective January 1, 2005 up to December 31, 2011.

Schedule of Incentives

1. First Two (2) Years of Operation Free from business tax, and other local taxes, except mayors permit.
2. Third Year of Operation Only 30% of business tax shall be paid based on the total gross sales on the preceding year.
3. Fourth Year of Operation Only 50% of business tax shall be paid based on the total gross sales of the preceding year.
4. Fifth year of Operation Only 75% of business tax shall be paid based on the total gross sales of the preceding year.
5. Sixth to nth Year of Operation 100% of business tax shall be paid based on the average gross sales of five (5) years of its preceding operation.

Who May Avail

     All Duly registered corporation, sole proprietorship, partnership, cooperatives and joint venture, who may engage in any business in the Municipality are entitled to avail of this Tax Moratorium.

How to Avail

     All new establishments are required first to secure the following.
  1. Building Permit (if building not yet constructed)
  2. Business Certification
  3. Waste Disposal Certificate
  4. Medical Certificate (for cook, baker, food attendant and the like)
  5. Fire Inspection Certificate
  6. SSS Clearance
  7. Latest 2X2 Photo (3 copies)
  8. Sworn Statement on Paid-Up Capital
  9. Location Sketch

Upon completion of the requirement, submit to the office of the Municipal Mayor for the issuance of Business Permit and Accreditation and Exemption Certification. Accreditation and Exemption Certificate must be presented to the Municipal Treasurers Office (MTO) for Assessment and Application of Exemption of the Tax due.

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