Pro BIR Form 2551M - Revision history

Gelo at 03:31, 31 August 2021

2021-08-31T03:31:36Z

Gelo at 03:28, 31 August 2021

2021-08-31T03:28:28Z

Gelo at 03:27, 31 August 2021

2021-08-31T03:27:03Z

Gelo: Created page with "== BIR Form 2551M == BIR Form 2551M is used as a standard monthly tax return. Based on this declaration, the monthly amount of the tax is..."

2021-06-15T04:56:33Z

Created page with "== BIR Form 2551M == BIR Form 2551M is used as a standard monthly tax return. Based on this declaration, the monthly amount of the tax is..."

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== BIR Form 2551M ==
BIR Form 2551M is used as a standard monthly tax return. Based on this declaration, the monthly amount of the tax is to be paid.
[[File:Pro BIR Form 2551M.png|center|thumb|1710x1710px|BIR Form 2551M]]
{| class="wikitable" style="box-sizing: inherit; border-collapse: collapse; border-spacing: 0px; background-color: rgb(248, 249, 250); font-size: 14px; color: rgb(34, 34, 34); margin: 1em 0px; border: 1px solid rgb(162, 169, 177); font-family: "Open Sans", Roboto, arial, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"
|+ style="box-sizing: inherit; padding-top: 8px; padding-bottom: 8px; color: rgb(119, 119, 119); text-align: left; font-weight: bold;" |BIR Form 2551M terms on Oojeema Pro
! style="background-color:rgb(234, 236, 240);text-align:center;" |'''Fields'''
! style="background-color:rgb(234, 236, 240);text-align:center;" |'''Description'''
|- style="box-sizing: inherit;"
| style="" |1. '''Month Year'''
| style="" |Month and year when the BIR Form 2551Q was issued.
|- style="box-sizing: inherit;"
| style="" |2. '''Year Ended'''
| style="" |Refers to the last day of the Year.
|- style="box-sizing: inherit;"
| style="" |3. '''Quarter'''
| style="" |Refers to the which quarter of the year.

* For Calendar Year
** First Quarter - January to March
** Second Quarter - April to June
** Third Quarter - July to September
** Fourth Quarter - October to December
* For Fiscal Year
** Every three months starting from the Fiscal Year.
|- style="box-sizing: inherit;"
| style="" |4. '''Amended Return'''
| style="" |Amended Return is filed to make corrections, additions or omissions to returns already declared, provided they have not yet been issued letters of authority from the BIR.
|- style="box-sizing: inherit;"
| style="" |5. '''No. of Sheets Attached'''
| style="" |(Optional)
Number of Attached Sheets declared when submitting the BIR Form 2551Q
|- style="box-sizing: inherit;"
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Part I - Background Information'''
|- style="box-sizing: inherit;"
| style="" |6. '''TIN'''
| style="" |Tax Identification Number of an Individual or Business
|- style="box-sizing: inherit;"
| style="" |7. '''RDO Code'''
| style="" |Regional District Office Code is a three-digit numeric or alphanumeric code assigned to each RDO in the country. The BIR uses these codes for tracking the amount of tax collection within a particular region, as well as recording and processing tax returns, tax payments, and withholding taxes.
|-
|8. '''Line of Business'''
|Company's Nature of Business
|- style="box-sizing: inherit;"
| style="" |9. '''Tax Payer's Name'''
| style="" |Registered Name for Non-Individual(Company) or Whole Name for Individual.
|- style="box-sizing: inherit;"
| style="" |10. '''Telephone Number'''
| style="" |Contact Number of the Tax Payer(Individual/Business).
|- style="box-sizing: inherit;"
| style="" |11. '''Registered Address'''
| style="" |The registered Address of the Tax Payer.

* '''9A ZIP Code''' - Zone Improvement Plan Code of the registered Address of the Tax Payer.
|- style="box-sizing: inherit;"
| style="" |12. '''ZIP Code'''
| style="" |Zip Code of the Tax Payer. This is depending on the registered address of the Tax Payer
|- style="box-sizing: inherit;"
| style="" |13. '''Tax Relief'''
| style="" |(Optional)
Tax relief is any government program or policy initiative that is designed to reduce the amount of taxes paid by individuals or businesses. This can be under: Special Law or International Tax Treaty
|- style="box-sizing: inherit;"
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Part II - Computation of Tax'''
|-
|14 - 18. '''Taxable Transaction/Industry Classification'''
|Components(14B - 14E)

* ATC
* Taxable Amount
* Tax Rate
* Tax Due
|- style="box-sizing: inherit;"
| style="" |19. '''Total Tax Due'''
| style="" |The total Tax due based from the breakdown of Schedule 1 Computation of Tax Sheet.
|-
|20. '''Less Tax/Credits'''
|20A and 20B

* '''Creditable Percentage Tax Withheld Per BIR FORM No. 2307 -''' This certificate exhibits the income that is subjugated to Expanded Withholding Tax (EWT) that is paid by a withholding agent.
* '''Tax Paid in Return Previously Filed, if this is an Amended Return -''' This certificate exhibits the income that is subjugated to Expanded Withholding Tax (EWT) that is paid by a withholding agent. 
|- style="box-sizing: inherit;"
| style="" |21. '''Total Tax Credits/Payments'''
(Sum of Items 20A & 20B)
| style="" |Total Tax Credits/Payments to be deducted to Total Tax Due
|- style="box-sizing: inherit;"
| style="" |22. '''Tax Payable (Overpayment)'''
(Item 19 less Item 21)
| style="" |Total Tax Payable based from the Total Tax Due less the total credits/payments.
|- style="box-sizing: inherit;"
| style="" |23. '''Penalties'''
| style="" |List of Penalties:

* '''Surcharge(23A)'''
* '''Interest(23B)'''
* '''Compromise(23C)'''
|- style="box-sizing: inherit;"
| style="" |23. '''Total Penalties (Sum of Items 20 to 22)'''
| style="" |Total Penalties applied if any.
|- style="box-sizing: inherit;"
| style="" |24. '''Total Amount Payable(Overpayment'''(Sum of Items 22 and 23D)
| style="" |Total Amount Payable based from Tax Payable and Total Penalties.

* If Overpayment
** To be refunded
** To be issued a Tax Certificate
|-
|25. '''President/Vice President/Principal Officer/Accredited Tax Agent/Authorized Representative/Taxpayer. (Signature Over Printed Name)'''
|President /Vice President/Principal Officer/Accredited Tax Agent/Authorized Representative/ Tax Payer Details

* '''Title/Position of Signatory'''
* '''Tin of Signatory'''
* '''Tax Agent Acc# / Atty's Roll #. (if applicable)'''
* '''Date of Issue'''
* '''Date of Expiry'''
|-
|26. '''Treasurer/Assistant Treasurer''' (Signature Over Printed Name)
|Treasurer/Assistant Treasurer details

* '''Treasurer/Assistant Treasurer'''
* '''Title/Position of Signatory'''
* '''TIN of Signatory'''
|}

@@ Line 1: / Line 1: @@
 {{DISPLAYTITLE:BIR Form 2551M}}
-<div style="text-align: center;">[[Pro BIR Form 2551M]] | [[Pro Bank|Bank]] | [[Pro Chart of Account|Chart of Account]] | [[Pro Tax|Tax]] | [[Pro BIR Form 2551M Job Aids|BIR Form 2551M Job Aids]]</div><br />
+<div style="text-align: center;">[[Pro BIR Form 2551M|BIR Form 2551M]] | [[Pro Bank|Bank]] | [[Pro Chart of Account|Chart of Account]] | [[Pro Tax|Tax]] | [[Pro BIR Form 2551M Job Aids|BIR Form 2551M Job Aids]]</div><br />
 ==BIR Form 2551M==
 <span style="color: rgb(32, 33, 36)">BIR Form 2551M is used as a standard monthly tax return. Based on this declaration, the monthly amount of the tax is to be paid.</span>
@@ Line 123: / Line 123: @@
 |}Notes:
-* For detailed instructions on how to Generate BIR Form 2551M, the user may visit the BIR Form 2551M Job Aids which can be found [[Pro BIR Form 2551M Job Aids|here]]
+*For detailed instructions on how to Generate BIR Form 2551M, the user may visit the BIR Form 2551M Job Aids which can be found [[Pro BIR Form 2551M Job Aids|here]]
 {| class="wikitable" style="box-sizing: inherit; border-collapse: collapse; border-spacing: 0px; background-color: rgb(248, 249, 250); font-size: 14px; color: rgb(34, 34, 34); margin: 1em 0px; border: 1px solid rgb(162, 169, 177); font-family: &quot;Open Sans&quot;, Roboto, arial, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"

@@ Line 1: / Line 1: @@
-== BIR Form 2551M ==
+{{DISPLAYTITLE:BIR Form 2551M}}
 <span style="color: rgb(32, 33, 36)">BIR Form 2551M is used as a standard monthly tax return. Based on this declaration, the monthly amount of the tax is to be paid.</span>
 [[File:Pro BIR Form 2551M.png|center|thumb|1710x1710px|BIR Form 2551M]]
@@ Line 16: / Line 18: @@
 | style="" |<span style="color: rgb(34, 34, 34)">Refers to the which quarter of the year.</span>
-* For Calendar Year
+*For Calendar Year
-** First Quarter - January to March
+**First Quarter - January to March
-** Second Quarter - April to June
+**Second Quarter - April to June
-** Third Quarter - July to September
+**Third Quarter - July to September
-** Fourth Quarter - October to December
+**Fourth Quarter - October to December
-* For Fiscal Year
+*For Fiscal Year
-** Every three months starting from the Fiscal Year.
+**Every three months starting from the Fiscal Year.
 |- style="box-sizing: inherit;"
 | style="" |4. '''Amended Return'''
@@ Line 51: / Line 53: @@
 | style="" |The registered Address of the Tax Payer.
-* '''9A ZIP Code''' - Zone Improvement Plan Code of the registered Address of the Tax Payer.
+*'''9A ZIP Code''' - Zone Improvement Plan Code of the registered Address of the Tax Payer.
 |- style="box-sizing: inherit;"
 | style="" |12. <span>'''ZIP Code'''</span>
@@ Line 65: / Line 67: @@
 |Components(14B - 14E)
-* <span style="color: rgb(51, 51, 51)">ATC</span>
+*<span style="color: rgb(51, 51, 51)">ATC</span>
-* <span style="color: rgb(51, 51, 51)">Taxable Amount</span>
+*<span style="color: rgb(51, 51, 51)">Taxable Amount</span>
-* <span style="color: rgb(51, 51, 51)">Tax Rate</span>
+*<span style="color: rgb(51, 51, 51)">Tax Rate</span>
-* <span style="color: rgb(51, 51, 51)">Tax Due</span>
+*<span style="color: rgb(51, 51, 51)">Tax Due</span>
 |- style="box-sizing: inherit;"
 | style="" |19. '''Total Tax Due'''
@@ Line 76: / Line 78: @@
 |20A and 20B
-* '''Creditable Percentage Tax Withheld Per BIR FORM No. 2307 -'''  This certificate exhibits the income that is subjugated to Expanded Withholding Tax (EWT) that is paid by a withholding agent.
+*'''Creditable Percentage Tax Withheld Per BIR FORM No. 2307 -'''  This certificate exhibits the income that is subjugated to Expanded Withholding Tax (EWT) that is paid by a withholding agent.
-* '''Tax Paid in Return Previously Filed, if this is an Amended Return -'''  This certificate exhibits the income that is subjugated to Expanded Withholding Tax (EWT) that is paid by a withholding agent. <br />
+*'''Tax Paid in Return Previously Filed, if this is an Amended Return -'''  This certificate exhibits the income that is subjugated to Expanded Withholding Tax (EWT) that is paid by a withholding agent. <br />
 |- style="box-sizing: inherit;"
 | style="" |21. <span class="ve-pasteProtect" style="color: rgb(51, 51, 51)" data-ve-attributes="{&quot;style&quot;:&quot;color: rgb(51, 51, 51)&quot;}">'''Total Tax Credits/Payments'''</span>
@@ Line 90: / Line 92: @@
 | style="" |List of Penalties:
-* '''Surcharge(23A)'''
+*'''Surcharge(23A)'''
-* '''Interest(23B)'''
+*'''Interest(23B)'''
-* '''Compromise(23C)'''
+*'''Compromise(23C)'''
 |- style="box-sizing: inherit;"
 | style="" |23. '''Total Penalties (Sum of Items 20 to 22)'''
@@ Line 100: / Line 102: @@
 | style="" |Total Amount Payable based from Tax Payable and Total Penalties.
-* If Overpayment
+*If Overpayment
-** To be refunded
+**To be refunded
-** To be issued a Tax Certificate
+**To be issued a Tax Certificate
 |-
 |25. '''President/Vice President/Principal Officer/Accredited Tax Agent/Authorized Representative/Taxpayer. (Signature Over Printed Name)'''
 |<span style="color: rgb(34, 34, 34)">President /Vice President/Principal Officer/Accredited Tax Agent/Authorized Representative/ Tax Payer Details</span>
-* '''Title/Position of Signatory'''
+*'''Title/Position of Signatory'''
-* '''Tin of Signatory'''
+*'''Tin of Signatory'''
-* '''Tax Agent Acc# / Atty's Roll #. (if applicable)'''
+*'''Tax Agent Acc# / Atty's Roll #. (if applicable)'''
-* '''Date of Issue'''
+*'''Date of Issue'''
-* '''Date of Expiry'''
+*'''Date of Expiry'''
 |-
 |26. '''Treasurer/Assistant Treasurer''' <span style="color: rgb(34, 34, 34)">(Signature Over Printed Name)</span>
 |<span style="color: rgb(34, 34, 34)">Treasurer/Assistant Treasurer details</span>
-* '''Treasurer/Assistant Treasurer'''
+*'''Treasurer/Assistant Treasurer'''
-* '''Title/Position of Signatory'''
+*'''Title/Position of Signatory'''
-* '''TIN of Signatory'''
+*'''TIN of Signatory'''
 |}

@@ Line 10: / Line 10: @@
 |- style="box-sizing: inherit;"
 | style="" |1. '''Month Year'''
-| style="" |Month and year when the BIR Form 2551Q was issued.
+| style="" |Month and year when the BIR Form 2551M was issued.
 |- style="box-sizing: inherit;"
 | style="" |2. '''Year Ended'''
@@ Line 31: / Line 31: @@
 | style="" |5. '''No. of Sheets Attached'''
 | style="" |(Optional)
-Number of Attached Sheets declared when submitting the BIR Form 2551Q
+Number of Attached Sheets declared when submitting the BIR Form 2551M
 |- style="box-sizing: inherit;"
 | colspan="2" style="vertical-align:middle;text-align:center;" |'''Part I - Background Information'''