he process of closing or what is commonly known as retiring a business is accomplished through both

the local and national government. The retiring of a business at the BIR, SEC, and DTI levels must be
done through the respective units.

Retiring a business at the Barangay and LGU levels can be facilitated through these procedures.

Requirements:

Formal letter of intent to close business addressed to the City Treasurer’s Office copy furnished to the
Business Permits and Licensing Department

Original copies of Tax Bill and Official Receipts worth 3 years

Original copy of Latest Business Permit

If Single Proprietorship, original Affidavit of Closure with the exact date of closure.

If Partnership, original partnership dissolution with exact effectivity date of closure signed by all
partners.

If Corporation, original Secretary’s Certificate or Board Resolution on closure or transfer of the business
with the exact date of closure.

Valid ID (present original and submit photocopy)

If Single Proprietorship, a valid ID of the owner

If Partnership, a valid IDs of all partners

If Corporation, a valid ID of the President

Barangay Certificate with exact effectivity date of closure. The Barangay Clearance and Certificate of
Closure can be requested from the Barangay by submitting a Letter of Request for Retirement (possibly
clickable leading to a sample template of the letter).

BIR Certificate of Registration (present original and submit photocopy)

Certified Breakdown of Sales, if there are two (2) or more lines of businesses/branches and if AFS is
consolidated

Proof of business tax payment/tax bill/permit issued by the other LGU where other operations are
situated (present original and submit photocopy)

Latest ITR with AFS on or before closure from the last payment of business operation (present original
and submit photocopy)

VAT Returns or Percentage Tax Returns (present original and submit photocopy)
Book of Accounts (to be presented upon evaluation/ actual inspection and examination)

Estimated processing time: 3 to 7 days.

Steps:

1. Submit the complete business retirement form with all the required documents and location map to
the receiving area of the Business Retirement Unit. You will be given a release form and set an
appointment with the Revenue Examiner. The estimated processing time is 3 to 7 days.

2. Return to the office to receive the tax bill and pay the required amount.

3. After receiving the approved tax bill and order of payment, pay the amount due before the actual
retirement and certification fee. Submit all the required documents:

Tax Bill (Original and Photocopy)

Official Receipts (Taxes paid and Certification Fee)

4. Receive the Business Retirement.

REMINDER: If you have not completed the process of business closure or retirement, this means the
business is still operational. And if your business is still in operation, and does not comply with the
requirements, you will be penalized accordingly.

For more information, visit https://quezoncity.gov.ph/departments/city-treasurers-office/ and look for

the Application of Business Retirement Certificate tab.