BIR Form 2551M PDF Details

The Bureau of Internal Revenue (BIR) requires specific groups of taxpayers in the Philippines to file BIR Form 2551M each month. This form has been in use since September 2005 and covers the monthly percentage tax obligation for non-VAT registered individuals and entities.

Who Must File BIR Form 2551M

Taxpayers whose annual gross sales or receipts do not exceed PHP 3,000,000 and who are not registered for VAT must file this form. The following groups are also required to submit BIR Form 2551M:

Filing Deadline and Frequency

BIR Form 2551M must be filed and paid on or before the 20th day of the month following the taxable month. For example, the percentage tax for January is due by February 20. Taxpayers registered with the Electronic Filing and Payment System (eFPS) follow the same deadline. Late filing results in penalties, surcharges, and interest charges as specified in the National Internal Revenue Code.

Penalties for Non-Compliance

Failure to file BIR Form 2551M on time triggers a 25% surcharge on the unpaid tax amount. If the BIR determines that the failure was willful, the surcharge increases to 50%. Interest of 12% per annum is also imposed on the unpaid tax from the due date until full payment. A compromise penalty may apply depending on the circumstances. Taxpayers who repeatedly fail to file risk additional enforcement actions from the BIR.

Related BIR Tax Forms

Taxpayers who file BIR Form 2551M often need to submit other BIR documents alongside their monthly percentage tax return. BIR Form 0605 is used for payment of annual registration fees. Those who employ workers must also file BIR Form 1601-C for monthly withholding tax remittance. At the end of the fiscal year, the BIR Form 1701 serves as the annual income tax return for self-employed individuals and professionals. Employers issue BIR Form 2316 as the certificate of compensation payment and tax withheld to their employees.

QuestionAnswer
Form Name BIR Form 2551M
Form Length 3 pages
Fillable? No
Fillable fields 0
Avg. time to fill out 45 sec
Other names 2551m deadline 2021, bir 2551m, bir 2551q form, 2551m

How to Edit BIR Form 2551M Online for Free

Our online PDF editor makes it simple to complete your BIR Form 2551M without downloading any software. Follow these steps to fill out the monthly percentage tax return form correctly.

Step 1: Click the "Get Form" button at the top of this page to open BIR Form 2551M in the online editor.

Step 2: Fill in Page 1 of the BIR Form 2551M with your taxpayer information. Enter your TIN (Taxpayer Identification Number), registered name, registered address, and the taxable period covered by this return. Select whether this is an original filing or an amended return.

BIR Form 2551M page 1 showing taxpayer information fields and filing period

Step 3: Complete the tax computation section of BIR Form 2551M. Enter the total tax due based on your taxable transactions, then fill in available tax credits. This includes creditable percentage tax withheld as reported on BIR Form 2307 and any tax paid on previously filed returns. Calculate the net tax payable or overpayment amount.

BIR Form 2551M tax computation section with total tax due and credits

Step 4: Fill in the payment details at the bottom of BIR Form 2551M. Record the receiving office or Authorized Agent Bank (AAB), date of receipt, and payment method. Options include cash, check, tax debit memo, or other payment instruments accepted by the BIR.

BIR Form 2551M payment details and receiving office section

Step 5: If applicable, fill in the schedule of tax withheld on the supplementary page. Enter the name of each withholding agent, income payments received, the applicable tax rate, and the corresponding tax withheld. Verify that the total matches Item 21A on the main BIR Form 2551M.

BIR Form 2551M supplementary schedule for tax withheld

Step 6: Review all entries for accuracy before submitting. Double-check the taxable period, TIN, and tax computation totals. Click "Done" to save your completed BIR Form 2551M, then download or print the PDF for filing.

Tips for Filing BIR Form 2551M

  • Keep a copy of your filed BIR Form 2551M and proof of payment for at least ten years as required by BIR regulations.
  • If you discover an error after filing, submit an amended BIR Form 2551M within three years from the original filing date.
  • Taxpayers registered with eFPS must file electronically. Manual filing is only permitted for non-eFPS registered taxpayers at accredited banks.
  • For quarterly income tax obligations, use BIR Form 1701Q to file your quarterly returns separately from the monthly percentage tax.

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