BIR Form 2551M

BIR Form 2551M | Bank | Chart of Account | Tax | BIR Form 2551M Job Aids

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