Laoag biz renewal reaches 100%

By Dominic B. dela Cruz

Staff Reporter

Laoag City treasurer Ma. Elena Asuncion is all smiles as the city government reported that it has reached the 100 percent permit renewal of all businesses in the city.

Records show that Laoag currently has a total of 3,941 registered business establishments that have renewed their licenses and an additional 106 new business applications as of April 4, 2014.

The city processed 3,929 business establishments last year.

The recorded delinquent payers have also complied with their yearly obligations before the first quarter ended with the help of barangay officials. The barangay officials served as the city government’s “eyes and ears” in discovering which business establishments in their respective areas had no permits to operate.

The treasury office’s task force and enforcement team also continuously roamed around in different barangays assigned to them to monitor the same.

The new business establishments in the city included newly operational boarding houses and apartments, both of which are in demand in the city’s university belt.

Meanwhile, Asuncion revealed that one of the secrets in reaching the 100 percent renewal is their continuous information dissemination and the strict implementation of the “no business permit, no business to operate” policy.

She added that the barangay officials’ help was also huge. They served as their partners in monitoring their respective areas for “colorum” business establishments.

Asuncion’s staff also attended barangay assemblies to reiterate the duties and obligations of business owners.

In a related development, Asuncion also said that the city’s Investment Incentive Code continues to be implemented. She said this has been availed by big corporations which have national prominence and scope.

In the said code, establishments which invest multi-million pesos are given a three-year tax holiday. They would only be required to pay the regulatory fee.

As for the real property tax, beneficiaries are also given a grant of 70 percent as their tax discount from the basic tax, the remaining 30 percent would have to be paid as these are for the barangay share and the special education fund.

Asuncion emphasized that this is one of the big reasons investors continue to put up business in the city.

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