Tax Form
BIR Form 2550 M - Monthly VAT Declarations
Documentary Requirements
1. Duly issued Certificate of Creditable VAT Withheld at Source (BIR Form 2307), if applicable
2. Summary Alphalist of Withholding Agents of Income Payments Subjected to Withholding Tax At Source (SAWT), if applicable
3. Duly approved Tax Debit Memo, if applicable
4. Duly approved Tax Compliance Certificate, if applicable
5. Authorization letter, if return is filed by authorized representative.
Procedures
1. Fill-up BIR Form 2550 M in triplicate copies.
2. If there is payment:
· Proceed
to the nearest Authorized Agents Banks (AAB's) of the Revenue District
Office (RDO)/ Large Taxpayers District Office (LTDO) where you are
required to register and present the duly accomplished BIR Form 2550 M,
together with the required attachments and your payment.
· In
places where there are no AAB's, proceed to the Revenue Collection
Officer or duly Authorized City or Municipal Treasurer located within
the Revenue District Office where you are required to register and
present the duly accomplished BIR Form 2550 M, together with the
required attachments and your payment.
· Receive
your copy of the duly stamped and validated form from the teller of the
AAB's/Revenue Collection Officer/duly Authorized City or Municipal
Treasurer.
3. If there is no payment:
· Proceed
to the Revenue District Office / Large Taxpayers District
Office where you are required to register and present the duly
accomplished BIR Form 2550 M, together with the required attachments.
· Receive your copy of the duly stamped and validated form from the RDO representative
Deadline
· Manual Filing
Not later than the 20th day following the end of each month
· Filing Through eFPS
Group A - within twenty five (25) days following the end of the month
Group B - within twenty four (24) days following the end of the month
Group C - within twenty three (23) days following the end of the month
Group D - within twenty two (22) days following the end of the month
Group D - within twenty one (21) days following the end of the month
Tax Form
BIR Form 2550 Q - Quarterly VAT Return
Documentary Requirements
1. Duly issued Certificate of Creditable VAT Withheld at Source (BIR Form 2307), if applicable
2. Summary Alphalist of Withholding Agents of Income Payments Subjected to Withholding Tax At Source (SAWT), if applicable
3. Duly approved Tax Debit Memo, if applicable
4. Duly approved Tax Compliance Certificate, if applicable
5. Previously filed return and proof of payment, for amended return
6. Authorization letter, if return is filed by authorized representative
7. Summary List of Sales (if quarterly total Sales/Receipts (net of VAT) exceeds P 2,500,000) with the following information:
a. BIR-registered name of the buyer who is engaged in business/exercise of profession;
b. Taxpayer Identification Number (TIN) of the buyer (Only for sales that are subject to VAT);
c. Exempt Sales;
d. Zero-rates Sales;
e. Sales subject to VAT (exclusive of VAT)
f. Sales subject to Final VAT Withheld; and
g. Output Tax (VAT on Sales subject to 12%)
8. Summary List of Purchases (if quarterly total purchases (net of VAT) exceeds P 1,000,000) with the following information:
a. BIR-registered name of the seller/supplier/service-provider;
b. Address of seller/supplier/service-provider;
c. Taxpayer Identification Number (TIN) of seller/supplier/service-provider
d. Exempt purchases;
e. Zero-rated purchases;
f. Purchases subject to VAT (exclusive of VAT) - on services;
g. Purchases subject to VAT (exclusive of VAT) - on capital goods;
h. Purchases subject to VAT (exclusive of VAT) - on goods other than capital goods
i. Purchases subject to Final VAT Withheld
j. Creditable Input Tax
k. Non-creditable Input Tax
NOTE:
Creditable input taxes and non-creditable input taxes are to be
computed not on a per supplier basis but on a per month basis.
9. The Quarterly Summary List of Importation with the following information:
a. Import Entry Declaration Number;
b. Assessment/Release Date;
c. Date of Importation;
d. Name of the Seller;
e. Country of Origin;
f. Dutiable Value;
g. All Charges Before Release from Customs Custody;
h. Landed Cost:
i. Exempt
j. Taxable (Subject to VAT)
k. VAT paid;
l. Official Receipt (OR) Number of the Official Receipt evidencing payment of tax; and
m. Date of VAT payment
Procedures
1. Fill-up BIR Form 2550 Q in triplicate copies.
2. If there is payment:
· Proceed
to the nearest Authorized Agents Banks (AAB's) of the Revenue District
Office / Large Taxpayers District Office where you are required to
register and present the duly accomplished BIR Form 2550 Q with the
required attachments and your payment.
· In
places where there are no AAB's, proceed to the Revenue Collection
Officer or duly Authorized City or Municipal Treasurer located within
the Revenue District Office / Large Taxpayers District Office where you
are required to register and present the duly accomplished BIR Form
2550 Q, together with the required attachments and your payment.
· Receive
your copy of the duly stamped and validated form from the teller of the
AAB's/Revenue Collection Officer/duly Authorized City or Municipal
Treasurer.
3. If there is no payment:
· Proceed
to the Revenue District Office / Large Taxpayers District Office where
you are required to register and present the duly accomplished BIR Form
2550 Q, together with the required attachments.
· Receive your copy of the duly stamped and validated form from the RDO representative.
NOTE:
1.
For taxpayers with branches, only one consolidated return shall be
filed for the principal place of business or head office and all the
branches.
2. The Quarterly List of Sales and Purchases shall be
submitted in magnetic form using 3.5-inch floppy diskette following the
format provided under Section 4.110-4 (Subsection G) of RR 8-2002.
3. The
Quarterly List of Sales and Purchases shall be submitted through
electronic filing facility for taxpayers under the jurisdiction of the
Large Taxpayers Service (LTS) and those enrolled under the eFPS.
Deadline
Within twenty five (25) days following the close of taxable quarter of the taxpayer (for manual filing).
Within
thirty (30) days following the close of taxable quarter of the taxpayer
(for taxpayers under the jurisdiction of the LTS and for filing through
eFPS)