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Business Retirement / Closure
⏱ 3 working days⚖ LGC Sec. 145
Officially close your business and settle final taxes — stops future assessments against your record.
📄 Requirements
- Original permit and plate/sticker for surrender
- Barangay certification of closure with the closure date
- Sworn declaration of current-year gross sales (or BIR returns)
- Board resolution (corporations) or affidavit of closure (sole proprietors)
👣 Steps
- File the retirement application with your closure date
- Final assessment: tax on actual current-year gross up to closure — any shortfall vs payments must be settled
- Pay the final assessment and settle delinquencies
- Receive the Certificate of Business Retirement; your registry record is marked Retired
💰 Fees
Final business tax on current-year gross sales up to the closure date, plus a retirement certification fee. Remember to also close your BIR, SSS, PhilHealth, and Pag-IBIG registrations separately.