BIR Know Your Taxes Filing Procedure Philippines

Name of the Organization : BIR
Type of Facility : Know Your Taxes Filing Procedure
Country : Philippines
Website : http://www.bir.gov.ph/

File :

A tax return must be filed even when there is no payment to be made.

Related /Similar Service : BIR EPFS eFiling & Payment

Deadlines :

Percentage Tax Monthly :
Form : 2551M
When : Due on the 20th day after the end of each month.

Income Tax Quarterly And Annually :
Form :
1701Q (Quarterly)
1701 (Annually)
When :
** Income tax for Jan-Mar Due on Apr 15
** Income Tax for Apr-June Due on Aug 15
** Income Tax for July-Sept Due on Nov 15
** Annual Income Tax Return (Jan-Dec) Due on April 15 the following year

Value Added Tax Monthly And Quarterly :
Form :
2550M (Monthly)
2550Q* (Quarterly)
When :
** Due on the 20th day of succeeding month (Form 2550M)
** Due on the 25th day of the month following the end of a particular quarter (Form 2550Q)

Note :
Include the Summary List of Sales and Purchases and importation.

Contact Us :
Feel free to call us through the email us at contact_us@cctr.bir.gov.ph

For More Details: http://knowyourtaxes.ph/file

FAQs :
Who are liable to register as VAT taxpayers?
Any person who, in the course of trade or business, sells, barters or exchanges goods or properties or engages in the sale or exchange of services shall be liable to register if

a. His gross sales or receipts for the past twelve (12) months, other than those that are exempt under Section 109 (A) to (U), have exceeded One Million Five Hundred Thousand Pesos (P1,500,000.00): or

b. There are reasonable grounds to believe that his gross sales or receipts for the next twelve (12) months, other than those that are exempt under Section 109 (A) to (U), will exceed One Million Five Hundred Thousand Pesos (P1,500,000.00).

When is a new VAT taxpayer required to apply for registration and pay the registration fee?
New VAT taxpayers shall apply for registration as VAT Taxpayers and pay the corresponding registration fee of five hundred pesos (P500.00) using BIR Form No. 0605 for every separate or distinct establishment or place of business before the start of their business following existing issuances on registration.

Thereafter, taxpayers are required to pay the annual registration fee of five hundred pesos (P500.00) not later than January 31, every year.

What compliance activities should a VAT taxpayer, after registration as such, do promptly or periodically?
The following compliance activities must be performed by a VAT-registered taxpayer :

a. Pay the annual registration fee of P500.00 for every place of business or establishment that generates sales;
b. Register the books of accounts of the business/occupation/calling, including practice of profession, before using the same;

c. Register the sales invoices and official receipts as VAT-invoices or VAT official receipts for use on transactions subject to VAT. (If there are other transaction not subject to VAT, a separate set of non-VAT invoices or non-VAT official receipts need to be registered for use on transactions not subject to VAT);