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Difference between revisions of "BIR Form 2551Q"

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<div style="text-align: center;">[[Tax Reports]] | [[BIR Form 2551Q]] | [[BIR Form 2551Q Aids]]</div>
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<div style="text-align: center;">[[Tax Reports]] | [[BIR Form 2551Q]]</div>
  
 
==BIR Form 2551Q==
 
==BIR Form 2551Q==
 
'''BIR Form 2551Q''' refers to the Quarterly Percentage Tax Return. These taxes imposed on individuals or businesses who sell goods or services which are exempted from VAT.
 
'''BIR Form 2551Q''' refers to the Quarterly Percentage Tax Return. These taxes imposed on individuals or businesses who sell goods or services which are exempted from VAT.
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[[File:BIR Form 2551Q.png|center|thumb|1735x1735px|BIR Form 2551Q]]
 
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BIR Form 2551Q terms on Oojeema Prime
 
  
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#'''Month Year''' - Month and year when the BIR Form 2551Q was issued.
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===== <span class="mw-headline" id="Generating_BIR_Form_2551Q_Records" style="box-sizing: inherit;">Generating BIR Form 2551Q Records</span> =====
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#'''Year Ended''' - Month and year when the Issued Form will be end.
 
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#'''Quarter''' - refers to the which quarter of the year.
 
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#*For Calendar Year
 
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#**First Quarter - January to March
 
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#**Second Quarter - April to June
 
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#**Third Quarter - July to September
 
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#**Fourth Quarter - October to December
 
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#*For Fiscal Year
 
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#**Every three months starting from the Fiscal Year.
 
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#'''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.
 
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#'''No. of Sheets Attached''' - Number of Attached Sheets declared when submitting the BIR Form 2550Q
 
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#'''TIN''' - Tax Identification Number of an Individual or Business
 
−
#'''RDO Code''' - 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.
 
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#'''Tax Payer's Name''' - Registered Name for Non-Individual(Company) or Whole Name for Individual.
 
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#'''Registered Address''' - The registered Address of the Tax Payer.
 
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#*'''9A ZIP Code''' - Zone Improvement Plan Code of the registered Address of the Tax Payer.
 
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#'''Contact Number''' - Contact Number of the Tax Payer(Individual/Business).
 
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#'''Email Address''' - Email Address of the Tax Payer
 
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#'''Tax Relief'''  - 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
 
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#*'''12A Specify''' - Specify if the Tax Payer is availing Tax Relief
 
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#'''Income Tax Rate''' - <span style="color: rgb(51, 51, 51)">Only for individual taxpayers whose sales/receipts are subject to Percentage Tax under Section 116 of the Tax Code</span>
 
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#*Graduated income tax rate on net taxable income
 
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#*8% income tax rate on gross sales/receipts/others
 
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#'''Total Tax Due''' - The total Tax due based from the breakdown of Schedule 1 Computation of Tax Sheet. <span style="color: rgb(51, 51, 51)">Less: Tax Credits/Payments</span>
 
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#'''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.
 
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#'''Tax Paid in Return Previously Filed, if this is an Amended Return''' - Tax Paid Return based from the Amended Return of the previous Form
 
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#'''Other Tax Credit/Payment''' - Any Tax Credit or Payment to be deducted.
 
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#<span style="color: rgb(51, 51, 51)">'''Total Tax Credits/Payments (Sum of Items 15 & 17)''' - Total Tax Credits/Payments to be deducted to Total Tax Due</span>
 
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#'''Tax Payable (Overpayment) (Item 14 less Item 18)'''  - Total Tax Payable based from the Total Tax Due less the total credits/payments.
 
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#'''Surcharge'''
 
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#*Surcharge of twenty five percent (25%)
 
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#**Failure to file any return and pay the amount of tax or installment due on or before the due date;
 
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#**Unless otherwise authorized by the Commissioner, filing a return with a person or office other than those with whom it is required to be filed.
 
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#**Failure to pay the full or part of the amount of tax shown on the return, or the full amount of tax due for which no return is required to be filled on or before the due date.
 
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#**Failure to pay the deficiency tax within the time prescribed for its payment in the notice of assessment.
 
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#*Surcharge of fifty percent (50%) of the tax in case any payment has been made on the basis of such return before the discovery of the falsity or fraud
 
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#**Willful neglect to file in return within the period prescribed by the Code or by rules and regulations
 
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#**In case a false or fraudulent return is willfully made.
 
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#'''Interest'''
 
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#*Interest at the rate of double the legal interest rate for loans or forbearance of any money in the absence of an express stipulation as set by the Bangko Sentral ng Pilipinas from the date prescribed for remittance until the amount is fully remitted: Provided, That in no case shall the deficiency and the delinquency interest prescribed under Section 249 Subsections (B) and (C) of the National Internal Revenue Code, as amended, be imposed simultaneously.
 
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#'''Compromise'''
 
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#*Compromise penalty as provided under applicable rules and regulations
 
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#'''Total Penalties (Sum of Items 20 to 22)''' - Total Penalties implied if any.
 
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#'''Total Amount Payable(Overpayment)(Sum of Items 19 and 23)''' - Total Amount Payable based from Tax Payable and Total Penalties.
 
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#*If Overpayment
 
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#**To be refunded
 
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#**To be issued a Tax Certificate<br />
 
  
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Notes:
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# Under Main Menu, Click '''[[Reports]]'''
 +
# Under Reports Menu, Click '''[[BIR Form 2551Q|BIR FORM 2551Q]]''' under [[Tax Reports]].
 +
# Under [[BIR Form 2551Q|BIR FORM 2551Q]], Fill up the necessary fields then double check every detail. Click '''Generate''' to proceed.
  
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*Grey fields are auto-generated and will automatically adjust based on the input of the user.
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{| class="wikitable"
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*For detailed instructions on how to use the BIR Form 2551Q, the user may visit the Job Aids which can be found [[BIR Form 2551Q Aids|here]]
+
|+BIR Form 2551Q terms on Oojeema Prime
 +
!'''Fields'''
 +
!'''Description'''
 +
|-
 +
|1. '''Month Year'''
 +
|Month and year when the BIR Form 2551Q was issued.
 +
|-
 +
|2. '''Year Ended'''
 +
|Refers to the last day of the Year.
 +
|-
 +
|3. '''Quarter'''
 +
|<span style="color: rgb(34, 34, 34)">Refers to the which quarter of the year.</span>
  
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======BIR Form 2551Q Schedule List======
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*For Calendar Year
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[[File:BIR Form 2551Q Schedule List.png|center|thumb|1012x1012px|BIR Form 2551Q Schedule List]]
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**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.
 +
|-
 +
|4. '''Amended Return'''
 +
|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.
 +
|-
 +
|5. '''No. of Sheets Attached'''
 +
|(Optional)
 +
Number of Attached Sheets declared when submitting the BIR Form 2551Q
 +
|-
 +
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Part I - Background Information'''
 +
|-
 +
|6. '''TIN'''
 +
|<span style="color: rgb(34, 34, 34)">Tax Identification Number of an Individual or Business</span>
 +
|-
 +
|7. '''RDO Code'''
 +
|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. '''Tax Payer's Name'''
 +
|Registered Name for Non-Individual(Company) or Whole Name for Individual.
 +
|-
 +
|9. '''Registered Address'''
 +
|The registered Address of the Tax Payer.
  
 +
*'''9A ZIP Code''' - Zone Improvement Plan Code of the registered Address of the Tax Payer.
 +
|-
 +
|10. '''Contact Number'''
 +
|Contact Number of the Tax Payer(Individual/Business).
 +
|-
 +
|11. '''Email Address'''
 +
|Email Address of the Tax Payer
 +
|-
 +
|12. '''Tax Relief'''
 +
|(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
 +
|-
 +
|13. '''Income Tax Rate'''
 +
|(Optional)
 +
<span class="ve-pasteProtect" style="color: rgb(51, 51, 51)" data-ve-attributes="{&quot;style&quot;:&quot;color: rgb(51, 51, 51)&quot;}">Only for individual taxpayers whose sales/receipts are subject to Percentage Tax under Section 116 of the Tax Code</span>
  
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BIR Form 2551Q Schedule List Terms on Oojeema Prime
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*Graduated income tax rate on net taxable income
 +
*8% income tax rate on gross sales/receipts/others
 +
|-
 +
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Part II - Computation of Tax'''
 +
|-
 +
|14. '''Total Tax Due'''
 +
|The total Tax due based from the breakdown of Schedule 1 Computation of Tax Sheet.
 +
|-
 +
|15. '''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.
 +
|-
 +
|16. '''Tax Paid in Return Previously Filed, if this is an Amended Return'''
 +
|Tax Paid Return based from the Amended Return of the previous Form.
 +
|-
 +
|17. '''Other Tax Credit/Payment'''
 +
|Any Tax Credit or Payment to be deducted.
 +
|-
 +
|18. <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 (Sum of Items 15 & 17)'''</span>
 +
|<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 to be deducted to Total Tax Due</span>
 +
|-
 +
|19. '''Tax Payable (Overpayment) (Item 14 less Item 18)'''
 +
|Total Tax Payable based from the Total Tax Due less the total credits/payments.
 +
|-
 +
|20 - 22. '''Penalties'''
 +
|List of Penalties:
  
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# '''TIN''' - Tax Identification Number of an Individual or Business
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*'''Surcharge(20)'''
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# '''Tax Payer's Name''' - Registered Name for Non-Individual(Company) or Whole Name for Individual.
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*'''Interest(21)'''
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# '''ATC Code''' - list of Alphanumeric Tax Codes to be declared in the schedule
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*'''Compromise(22)'''
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# '''Taxable Amount''' - the taxable amount for a declared ATC Code
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|-
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# '''Tax Rate''' - Tax percentage to be applied based from the ATC Code
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|23. '''Total Penalties (Sum of Items 20 to 22)'''
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# '''Tax Due''' - Tax Due based from the Tax Percentage as well as Tax Amount<br />
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|Total Penalties applied if any.
 +
|-
 +
|24. '''Total Amount Payable(Overpayment)(Sum of Items 19 and 23)'''
 +
|Total Amount Payable based from Tax Payable and Total Penalties.
 +
 
 +
*If Overpayment
 +
**To be refunded
 +
**To be issued a Tax Certificate
 +
|}
 +
Notes:
 +
 
 +
*Grey fields are auto-generated and will automatically adjust based on the input of the user.
  
 
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{| 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;"
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|- style="box-sizing: inherit;"
 
|- style="box-sizing: inherit;"
 
| style="" |Maintenance
 
| style="" |Maintenance
−
| style="" |[[ATC Code]]<nowiki> | </nowiki>[[Branch]]<nowiki> | </nowiki>[[Company]]<nowiki> | </nowiki>[[Tax]]
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| style="" |[[ATC Code]]<nowiki> | </nowiki>[[Company]]<nowiki> | </nowiki>[[Tax]]
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|- style="box-sizing: inherit;"
 
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| colspan="2" style="vertical-align:middle;text-align:center;" |'''Job Aid Modules'''
 
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|- style="box-sizing: inherit;"
 
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| style="" |Sales Aids
 
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| style="" |[[Sales Invoice]]
 
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|- style="box-sizing: inherit;"
 
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| style="" |Maintenance Aids
 
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| style="" |[[ATC Codes Aids]]<nowiki> | </nowiki>[[Branch Aids]]<nowiki> | </nowiki>[[Customer Aids|Company Aids]]<nowiki> | </nowiki>[[Tax Aids]]
 
 
|- style="box-sizing: inherit;"
 
|- style="box-sizing: inherit;"
 
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Reports Module([[Reports]])'''
 
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Reports Module([[Reports]])'''
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| style="" |Tax Reports
 
| style="" |Tax Reports
 
| style="" |[[Sales Journal]]<nowiki> | </nowiki>[[Purchase Journal]]<nowiki> | </nowiki>[[VAT Summary]]<nowiki> | </nowiki>[[BIR Form 2550M]]<nowiki> | </nowiki>[[BIR Form 2550Q]]<nowiki> | </nowiki>[[BIR Form 2551Q]]<nowiki> | </nowiki>[[BIR Form 0619-E]]<nowiki> | </nowiki>[[BIR Form 1601E-Q]]<nowiki> | </nowiki>[[BIR Form 1604E]]<nowiki> | </nowiki>[[Sales Relief]]<nowiki> | </nowiki>[[Purchase Relief]]<nowiki> | </nowiki>[[SAWT|Summary Alphalist of Withholding Tax]]
 
| style="" |[[Sales Journal]]<nowiki> | </nowiki>[[Purchase Journal]]<nowiki> | </nowiki>[[VAT Summary]]<nowiki> | </nowiki>[[BIR Form 2550M]]<nowiki> | </nowiki>[[BIR Form 2550Q]]<nowiki> | </nowiki>[[BIR Form 2551Q]]<nowiki> | </nowiki>[[BIR Form 0619-E]]<nowiki> | </nowiki>[[BIR Form 1601E-Q]]<nowiki> | </nowiki>[[BIR Form 1604E]]<nowiki> | </nowiki>[[Sales Relief]]<nowiki> | </nowiki>[[Purchase Relief]]<nowiki> | </nowiki>[[SAWT|Summary Alphalist of Withholding Tax]]
−
|- style="box-sizing: inherit;"
 
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| colspan="2" style="vertical-align:middle;text-align:center;" |'''Reports Aid'''
 
−
|- style="box-sizing: inherit;"
 
−
| style="" |Tax Reports
 
−
| style="" |[[Sales Journal Aids]]<nowiki> | </nowiki>[[Purchase Journal Aids]]<nowiki> | </nowiki>[[VAT Summary Aids]]<nowiki> | </nowiki>[[BIR Form 2550M Aids]]<nowiki> | </nowiki>[[BIR Form 2550Q Aids]]<nowiki> | </nowiki>[[BIR Form 2551Q Aids]]<nowiki> | </nowiki>[[BIR Form 0619-E Aids]]<nowiki> | </nowiki>[[BIR Form 1601E-Q Aids]]<nowiki> | </nowiki>[[BIR Form 1604E Aids]]<nowiki> | </nowiki>[[Sales Relief Aids]]<nowiki> | </nowiki>[[Purchase Relief Aids]]<nowiki> | </nowiki>[[SAWT Aids|Summary Alphalist of Withholding Taxes Aids]]
 
 
|}
 
|}
 +
[[Category:Financials]]
 +
[[Category:Sales]]
 +
[[Category:Tax Reports]]

Latest revision as of 10:56, 7 April 2022

BIR Form 2551Q

BIR Form 2551Q refers to the Quarterly Percentage Tax Return. These taxes imposed on individuals or businesses who sell goods or services which are exempted from VAT.

Generating BIR Form 2551Q Records
  1. Under Main Menu, Click Reports
  2. Under Reports Menu, Click BIR FORM 2551Q under Tax Reports.
  3. Under BIR FORM 2551Q, Fill up the necessary fields then double check every detail. Click Generate to proceed.
BIR Form 2551Q terms on Oojeema Prime
Fields Description
1. Month Year Month and year when the BIR Form 2551Q was issued.
2. Year Ended Refers to the last day of the Year.
3. Quarter 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.
4. Amended Return 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.
5. No. of Sheets Attached (Optional)

Number of Attached Sheets declared when submitting the BIR Form 2551Q

Part I - Background Information
6. TIN Tax Identification Number of an Individual or Business
7. RDO Code 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. Tax Payer's Name Registered Name for Non-Individual(Company) or Whole Name for Individual.
9. Registered Address The registered Address of the Tax Payer.
  • 9A ZIP Code - Zone Improvement Plan Code of the registered Address of the Tax Payer.
10. Contact Number Contact Number of the Tax Payer(Individual/Business).
11. Email Address Email Address of the Tax Payer
12. Tax Relief (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

13. Income Tax Rate (Optional)

Only for individual taxpayers whose sales/receipts are subject to Percentage Tax under Section 116 of the Tax Code

  • Graduated income tax rate on net taxable income
  • 8% income tax rate on gross sales/receipts/others
Part II - Computation of Tax
14. Total Tax Due The total Tax due based from the breakdown of Schedule 1 Computation of Tax Sheet.
15. 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.
16. Tax Paid in Return Previously Filed, if this is an Amended Return Tax Paid Return based from the Amended Return of the previous Form.
17. Other Tax Credit/Payment Any Tax Credit or Payment to be deducted.
18. Total Tax Credits/Payments (Sum of Items 15 & 17) Total Tax Credits/Payments to be deducted to Total Tax Due
19. Tax Payable (Overpayment) (Item 14 less Item 18) Total Tax Payable based from the Total Tax Due less the total credits/payments.
20 - 22. Penalties List of Penalties:
  • Surcharge(20)
  • Interest(21)
  • Compromise(22)
23. Total Penalties (Sum of Items 20 to 22) Total Penalties applied if any.
24. Total Amount Payable(Overpayment)(Sum of Items 19 and 23) Total Amount Payable based from Tax Payable and Total Penalties.
  • If Overpayment
    • To be refunded
    • To be issued a Tax Certificate

Notes:

  • Grey fields are auto-generated and will automatically adjust based on the input of the user.
Categories:
Modules
Maintenance ATC Code | Company | Tax
Reports Module(Reports)
Reports Tax Reports
Tax Reports Sales Journal | Purchase Journal | VAT Summary | BIR Form 2550M | BIR Form 2550Q | BIR Form 2551Q | BIR Form 0619-E | BIR Form 1601E-Q | BIR Form 1604E | Sales Relief | Purchase Relief | Summary Alphalist of Withholding Tax
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