Difference between revisions of "Pro BIR Form 2551M"

 
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{{DISPLAYTITLE:BIR Form 2551M}}
 
{{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 />
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<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==
 
==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>
 
<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>
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| style="" |1. '''Month Year'''
 
| style="" |1. '''Month Year'''
| style="" |Month and year when the BIR Form 2551Q was issued.
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| style="" |Month and year when the BIR Form 2551M was issued.
 
|- style="box-sizing: inherit;"
 
|- style="box-sizing: inherit;"
 
| style="" |2. '''Year Ended'''
 
| style="" |2. '''Year Ended'''
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| style="" |5. '''No. of Sheets Attached'''
 
| style="" |5. '''No. of Sheets Attached'''
 
| style="" |(Optional)
 
| style="" |(Optional)
Number of Attached Sheets declared when submitting the BIR Form 2551Q
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Number of Attached Sheets declared when submitting the BIR Form 2551M
 
|- style="box-sizing: inherit;"
 
|- style="box-sizing: inherit;"
 
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Part I - Background Information'''
 
| colspan="2" style="vertical-align:middle;text-align:center;" |'''Part I - Background Information'''
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|}Notes:
 
|}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]]
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*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]]
  
 
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Latest revision as of 11:31, 31 August 2021


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.

BIR Form 2551M
BIR Form 2551M terms on Oojeema Pro
Fields Description
1. Month Year Month and year when the BIR Form 2551M 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 2551M

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. Line of Business Company's Nature of Business
9. Tax Payer's Name Registered Name for Non-Individual(Company) or Whole Name for Individual.
10. Telephone Number Contact Number of the Tax Payer(Individual/Business).
11. Registered Address The registered Address of the Tax Payer.
  • 9A ZIP Code - Zone Improvement Plan Code of the registered Address of the Tax Payer.
12. ZIP Code Zip Code of the Tax Payer. This is depending on the registered address of the Tax Payer
13. 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

Part II - Computation of Tax
14 - 18. Taxable Transaction/Industry Classification Components(14B - 14E)
  • ATC
  • Taxable Amount
  • Tax Rate
  • Tax Due
19. Total Tax Due 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.
21. Total Tax Credits/Payments

(Sum of Items 20A & 20B)

Total Tax Credits/Payments to be deducted to Total Tax Due
22. Tax Payable (Overpayment)

(Item 19 less Item 21)

Total Tax Payable based from the Total Tax Due less the total credits/payments.
23. Penalties List of Penalties:
  • Surcharge(23A)
  • Interest(23B)
  • Compromise(23C)
23. Total Penalties (Sum of Items 20 to 22) Total Penalties applied if any.
24. Total Amount Payable(Overpayment(Sum of Items 22 and 23D) 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

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 here
Categories:
Reports
Tax Report Sales Journal | Purchase Journal | Receipt Journal | Discount Senior and PWD | Disbursement Journal | BIR Form 0605 | BIR Form 0619E | BIR Form 2550M | BIR Form 2550Q | BIR Form 2551M | BIR Form 2551Q | BIR Form 1601E | BIR Form 1601EQ | BIR Form 1604E | Sales Relief | Purchase Relief
Reports Job Aid Aids
Tax Report Sales Journal Job Aids | Purchase Journal Job Aids | Receipt Journal Job Aids | Discount Senior and PWD Job Aids | Disbursement Journal Job Aids | BIR Form 0605 Job Aids | BIR Form 0619E Job Aids | BIR Form 1601E Job Aids | BIR Form 1601EQ Job Aids | BIR Form 1604E Job Aids | Sales Relief Job Aids | Purchase Relief Job Aids
Modules
Maintenance Bank | Chart of Account | Tax
Job Aid Modules
Maintenance Aids Chart of Accounts Job Aids | Tax Job Aids