Hassle-Free Business Permit Renewal for 2025
With Loft, you don’t have to renew your business permit by yourself. Let experts process your renewal requirements in Metro Manila on your behalf—fast and no hassle.
How to Renew Your Business Permit for 2025
The relevant city or municipal jurisdiction processes business permit renewals. There are several prerequisite requirements you need to submit, including a barangay clearance, sanitation clearance, fire safety inspection, and tax payment confirmation.
If you need help in processing your business permit renewal, Loft can help you get it done.
Loft employs its own corporate lawyers, accounting experts, and business consultants who have decades of experience running a Philippine business. We’re committed to delivering consulting and liaison services at the highest standards.
Let’s get your business permit renewed and ready for continued operations.
Frequently Asked Questions on Business Permit Renewals
These are some of the most common questions people asked about business permit renewals in the Philippines.
Business permits expire at the end of each year. To continue legally operating, permit renewal must be accomplished before January 20th of the following year. Failure to renew can result in penalties and even possible prison time.
According to the National Internal Revenue and Local Government codes —
BIR Penalties:
- Fine of not less than P5,000 but not more than P20,000
- Imprisonment of not less 6 months but not more than 2 years
LGU Penalties:
- 25% surcharge on the tax assessed, plus 2% penalty for every month in which the business permit was not renewed
- In extreme cases, closure and/or seizure of properties and assets