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Application for Tax Incentives

New and existing enterprises can apply to avail and enjoy city tax exemptions.

At a glance

  • Office: City Administrator's Office
  • Classification: Highly Technical
  • Who may apply: New and Existing Small, Medium and Large Enterprises
  • Total fees: Application Fee PHP 3,000 (small enterprise) / PHP 5,000 (medium enterprise) / PHP 10,000 (large enterprise)
  • Total processing time: 23 Days, 5 Hours And 5 Minutes

Requirements

RequirementWhere to get it
Application Form (3 original)Panabo City Investment Promotion Center
By-Laws (1 photocopy)Securities and Exchange Commission (SEC)
Business Permit (1 photocopy)Business Permit and Licensing Office
Proof of ownership, lease or any other arrangements of the project site (1 photocopy)Requesting Applicant
Project Profile/Proposal or Feasibility Study (1 photocopy)Requesting Applicant
For Single Proprietorship–
Certificate of Registration (1 original certified true copy)Department of Trade and Industry (DTI)
For Partnership–
PartnershipSecurities and Exchange Commission(SEC)
Certificate of Registration (1 original certified true copy)Securities and Exchange Commission(SEC)
For Corporation–
Approved Articles of IncorporationSecurities and Exchange Commission(SEC)
Certificate of Registration (1 original certified true copy)Securities and Exchange Commission(SEC)
Board Resolution authorizing the filing of the application (1 original)Requesting Applicant
For Cooperative–
CooperationSecurities and Exchange Commission
Certificate of Registration (1 original certified true copy)Securities and Exchange Commission
Board Resolution authorizing the filing of the application (1 original)Requesting Applicant
Situational Requirements:–
For Existing Enterprise–
Audited Financial Statement for the last 3 yearsAccountant/ Bookkeeper of Requesting Applicant
For Environmentally Critical Projects–
Environmental Compliance Certificate (1 photocopy)Department of Environment and Natural Resources Office (DENR)

Steps

What you doWhat the office doesFeeTime
Submit the complete documentary requirements at the Panabo City Investment Promotion Center *Make sure to secure Order of Payment that will be issuedReceive and verify the submitted documents (Project Development Officer I CADO - PCIPC)None20 Minutes
Issue Order of Payment along with the submitted documentary requirements 1.2 Direct the client to the City Treasurer's Office for payment (Project Development Officer I CADO - PCIPC)None5 Minutes
Go to the City Treasurer's Office – Window 1,2,3, secure priority number at queuing machine and wait for the number to be called to pay assigned fee *Make sure to secure Official Receipt that will be issued upon paymentProvide priority number from the queuing machine (Clerk CTO)Application Fee PHP 3,0004 Hours
Accept payment based on the Order of payment 2.2 Issue the Official Receipt (Revenue Collection Clerk/Officer CTO)(small enterprise)/ PHP 5,000 (medium enterprise)/ PHP 10,000 (large enterprise)–
Submit the Official Receipt and attach complete documentary requirements at Panabo City Investment Promotion CenterReceive and verify the Official Receipt and attach complete documentary requirements (Project Development Officer I CADO - PCIPC)None15 Minutes
Evaluate the application documents (Project Development Officer II CADO - PCIPC)None1 Day
Conduct site inspection (PCIPC Team)None4 Days
Prepare report on office evaluation and recommendation (Project Development Officer I CADO - PCIPC)None1 Day
Endorse application with the evaluation and recommendation form to the PCII Board for evaluation and approval (Project Development Officer II CADO - PCIPC)None15 Days *2017 revised Investment and Incentive Code of Panabo City
For qualified applications, Prepare the Certificate of Registration (Form IIC-03) For disapproved applications, prepare the Notice of Disapproval (Form IIC-04) (Project Development Officer II CADO – PCIPC)None20 Minutes
Sign the Certificate of Registration or Notice of Disapproval to the PCIIB Chairperson for signature (Panabo City Investment and Incentive Chairperson PCIIB)None2 Days

Source

Read from the office's Citizen's Charter by Muse Spark. Fees and steps change: check the PDF and the office before you go.

Application for Tax Incentives | Panabo (unofficial RE:GOV concept) · RE:GOV