BIR Form 2550Q

Tax Reports | BIR Form 2550Q | BIR Form 2550Q Aids

BIR Form 2550Q

BIR Form 2550Q refers to the Monthly Value-Added Tax Declaration of the Company. It is a form of sales tax which is imposed on sales or exchange of goods and services in the Philippines in a quarterly basis(Every 3 months).

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BIR Form 2550Q

BIR Form 2550Q terms on Oojeema Prime

1. Month Year - Month and year when the BIR Form 2550Q was issued.
   • 
     r Moo
2. Quarter - refers to the which quarter of the year
3. Return Period
4. Amended Return
5. Short Period Background Information
6. TIN
7. RDO Code
8. No. of Sheets Attached
9. Line of Business
10. Tax Payer's Name
11. Telephone Number
12. Registered Address
13. ZIP Code
14. Tax Relief Computation of Tax
15. Vatable Sales/Receipt-Private
16. Sale to Government
17. Zero Rated Sales/Receipts
18. Exempt Sales/Receipts
19. Total Sales/Receipts and Output Tax Due
20. Less: Allowable Input Tax
    • 20A Input Tax Carried Over from Previous Quarter
    • 20B Input Tax Deferred on Capital Goods Exceeding P1Million from Previous Quarter
    • 20C Transitional Input Tax
    • 20D Presumptive Input Tax
    • 20E Others
    • 20F Total (Sum of Item 20A, 20B, 20C, 20D & 20E)
21. Current Transactions
    • 21A/B Purchase of Capital Goods not exceeding P1Million (see sch.2)
    • 21C/D Purchase of Capital Goods exceeding P1Million (see sch.2)
    • 21E/F Domestic Purchases of Goods other than capital goods
    • 21G/H Importation of Goods Other than Capital Goods
    • 21I/J Domestic Purchases of Services
    • 21K/L Services rendered by Non-residents
    • 21M Purchases Not Qualified for Input Tax
    • 21N/O Others
    • 21P Total Current Purchases (Sum of item 21A,21C,21E,21G,21I,21K,21M&21N)
22. Total Available Input Tax (Sum of Item 20F, 21B, 21D, 21F, 21H, 21J, 21L,&21O)
23. Less: Deductions from Input Tax
    • 23A Input Tax on Purchases of Capital Goods exceeding P1Million deferred for succeeding period (Sch.3)
    • 23B Input Tax on Sale to Govt. closed to expense (Sch.4)
    • 23C Input Tax allocable to Exempt Sales (Sch.5)
    • 23D VAT Refund/TCC claimed
    • 23E Others
    • 23F Total (Sum of Item 23A, 23B,23C,23D & 23E)
24. Total Allowable Input Tax (Item 22 less Item 23F)
25. Net VAT Payable (Item 19B less Item 24)
26. Less: Tax Credits/Payments
    • 26A Monthly VAT Payments - previous two months
    • 26B Creditable Value-Added Tax Withheld (Sch. 6)
    • 26C Advance Payments for Sugar and Flour Industries (Sch.7)
    • 26D VAT Withheld on Sales to Government (Sch.8)
    • 26E VAT paid in return previously filed, if this is an amended return
    • 26F Advance Payments made (please attach proof of payments - BIR Form No. 0605)
    • 26G Others
    • 26H Total Tax Credits/Payments (Sum of Item 26A,26B,26C,26D,26E, 26F & 26G)
27. Tax Still Payable/(Overpayment)(Item 25 less Item 26H)
28. Penalties
    • Surcharge(28A)
    • Interest(28B)
    • Compromise(28C)
29. Total Amount Payable/(Overpayment) (Sum of Item 27 & 28D)
30. President/Vice President/Principal Officer/Accredited Tax Agent/Authorized Representative/Taxpayer
    • Title/Position of Signatory
    • Tin of Signatory
    • Tax Agent Acc#/Atty's Roll #. (if applicable)
    • Date of Issue
    • Date of Expiry
31. Treasurer/Assistant Treasurer (Signature Over Printed Name)
    • Treasurer/Assistant Treasurer (Signature Over Printed Name)
    • Title/Position of Signatory
    • TIN of Signatory