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For BIR Use OnlyRepublic of the Philippines Department of Finance Bureau of Internal RevenueBCS/ ItemBIR Form No.Quarterly Percentage Tax Return2551QEnter all required information in CAPITAL LETTERS.

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Properly fill-up BIR Form 2551Q in triplicate copies. Proceed to any Authorized Agent Bank (AAB)located within the territorial jurisdiction of the Revenue District Office (RDO) where the taxpayer is registered and present the duly accomplished BIR Form 2551Q and other requirements.

2551Q is for the percentage tax; 1701Q is for the income tax. ... Yes, if percentage taxes are withheld.

Head to the AAB located in your area that is within the jurisdiction of the RDO or file your return with the RCO. Online payment, on the other hand, can be accomplished using GCash Mobile Payment, Landbank's Linkbiz Portal or DBP's Tax Online.

BIR Form 1701, also known as Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts is a tax form which summarizes all the transactions made over the tax calendar year.

BIR Form 1701Q, also known as Quarterly Income Tax Return For Self-Employed Individuals, Estates and Trusts (Including those with both Business and Compensation Income) is a tax return intended for professionals and self-employed individuals who are engaged in a sole proprietorship business.

BIR Form 2551Q, or also known as Quarterly Percentage Tax Return are taxes imposed on individuals/businesses who sell/lease goods or services which are exempted from Value Added Tax (VAT) with annual sales not exceeding 3,000,000 PHP.

For those unfamiliar with BIR Form 1701Q, this tax return is for quarterly filing by individuals who are engaged in business or practice a profession in the Philippines, and persons acting in any fiduciary capacity (i.e. trustees, guardians or executors/administrators) for a trust, estate, or minor.

BIR Form 2551Q, or also known as Quarterly Percentage Tax Return are taxes imposed on individuals/businesses who sell/lease goods or services which are exempted from Value Added Tax (VAT) with annual sales not exceeding 3,000,000 PHP.

As per the table above, to calculate percentage tax, multiply your gross sales or receipts to a 3% tax rate. Let's say your business earned a gross amount of P500,000 this quarter. Multiplying it by 3% gets you a total of P15,000 percentage tax due for the period.

In summary, you will need to file Form 1701Q if you're a professional (e.g. freelancer, doctor), a self-employed individual in a sole proprietorship, or a trustee.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232