BIR Form 2551Q

Tax Reports | BIR Form 2551Q | BIR Form 2551Q Aids

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.

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BIR Form 2551Q

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.
• For detailed instructions on how to use the BIR Form 2551Q, the user may visit the Job Aids which can be found here

BIR Form 2551Q Schedule List

File:BIR Form 2551Q Schedule List.png

BIR Form 2551Q Schedule List