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The return shall be filed on or before the 25th day of the month following the close of the quarter, except in the case of amusement taxes and tax on overseas dispatch, message or conversation transmitted from the Philippines where the return shall be filed within twenty (20) days after the end of each quarter.

Agents of Foreign Insurance Companies. Amusement Taxes. Winnings. Sale, Barter or Exchange of Shares of Stock Listed and Traded through the Local Stock Exchange.

When is the Deadline for Filing BIR Form 2551Q? The deadline for filing this return is on the 20th day of the month of each taxable quarter.

The tax is based on gross sales, receipts or earnings except on insurance companies where the basis of tax is the total premium collected/paid. "Gross receipts" means all amounts received by the prime or principal contractor, undiminished by any amount paid to any subcontractor under a subcontract arrangement.

Penalties for Late or Incorrect Filing Taxpayers are subject to an interest of 20%, 25% surcharge and compromise fee for: Failing to file quarterly percentage tax returns on or before the deadline. Filing a return in the wrong RDO.

Tax Rate for 2551Q In general, the percentage tax rate for NonVAT Registered (Person or Entity Exempt from VAT) is 3%.

As a registered taxpayer, you must file your Percentage Tax (BIR Form 2551) or Quarterly Income Tax return (BIR Form 1701Q). Filing these returns will require you to choose whether you will be taxed under the Graduated Tax Table or use the 8% Tax Rate.

What is this form? 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.