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In all applicable spaces. Mark all appropriate boxes with an X . 1 2 For the Calendar Fiscal 3 For the month Year ended (MM/YYYY) 4 Amended Return (MM/YYYY) Part I Yes Background 5 Number of sheets attached No Information 6 TIN 9 Occupation Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name 7 RDO Code 8 Line of Business/ 10 11 Registered Address 12 13 Are you availing of tax relief under Special Law or International.

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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.

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.

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

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.

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.

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.

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

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.

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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
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
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