Bir Form 2551M – Fill Out and Use This PDF

Republika ng Pilipinas

Kagawaran ng Pananalapi

Kawanihan ng Rentas Internas

	Monthly Percentage	BIR Form No.
		2551M
	Tax Return
		September 2005 (ENCS)

14A 14B

15A 15B

16A 16B

17A 17B

18A 18B

19Total Tax Due

20Less: Tax Credits/Payments

14C

15C

16C

17C

18C

14D

15D

16D

17D

18D

14E

15E

16E

17E18E

19

Who Shall File

This return shall be filed in triplicate by the following:

1.Persons whose gross annual sales and/or receipts do not exceed P1,500,000 and who are not VAT-registered persons.

2.Domestic carriers and keepers of garages, except owners of bancas and owners of animal-drawn two wheeled vehicle.

3.Operators of international air and shipping carriers doing business in the Philippines.

4.Franchise grantees of gas or water utilities.

5. Franchise grantees of radio and/or television broadcasting companies whose gross annual receipts of the preceding year do not exceed Ten Million Pesos (P10,000,000.00) and did not opt to register as VAT taxpayers.

6.Banks, non-bank financial intermediaries and finance companies.

7.Life insurance companies.

8.Agents of foreign insurance companies.

When and Where to File

The return shall be filed not later than the 20th day following the end of each month. Any person retiring from a business subject to percentage taxes shall notify the nearest Revenue District Office, file his return and pay the tax due thereon within twenty (20) days after closing his business.

The return shall be filed with any Authorized Agent Bank (AAB) within the territorial jurisdiction of the Revenue District Office where the taxpayer is required to register/conducting business. In places where there are no AABs, the return shall be filed with the Revenue Collection Officer or duly Authorized City or Municipal Treasurer within the Revenue District Office where the taxpayer is required to register/conducting business.

A taxpayer may, at his option, file a separate return for the head office and for each branch or place of business or a consolidated return for the head office and all the branches except in the case of large taxpayers where only one consolidated return is required.

When and Where to Pay

Upon filing this return, the total amount payable shall be paid to the Authorized Agent Bank (AAB) where the return is filed. In places where there are no AABs, payment shall be made directly to the Revenue Collection Officer or duly Authorized City or Municipal Treasurer who shall issue a Revenue Official Receipt BIR Form No. 2524) therefor.

Where the return is filed with an AAB, taxpayer must accomplish and submit BIR-prescribed deposit slip, which the bank teller shall machine validate as evidence that payment was received by the AAB. The AAB receiving the tax return shall stamp mark the word “Received” on the return and also machine validate the return as proof of filing the return and payment of the tax by the taxpayer, respectively. The machine validation shall reflect the date of payment, amount paid and transactions code, the name of the bank, branch code, teller’s code and teller’s initial. Bank debit memo number and date should be indicated in the return for taxpayers paying under the bank debit system.

For Electronic Filing and Payment System (EFPS) Taxpayer

The deadline for electronically filing and paying the taxes due thereon shall be in accordance with the provisions of existing applicable revenue issuances.

Basis of Tax

The tax is based on gross sales, receipts or earnings except on insurance companies where the basis of tax is the total premium collected/paid.

"Gross receipts" means all amounts received by the prime or principal contractor, undiminished by any amount paid to any subcontractor under a subcontract arrangement.

Penalties

There shall be imposed and collected as part of the tax:

1.A surcharge of twenty five percent (25%) for each of the following violations:

a.Failure to file any return and pay the amount of tax or installment due on or before the due date;

b.Unless otherwise authorized by the Commissioner, filing a return with a person or office other than those with whom it is required to be filed;

c.Failure to pay the full or part of the amount of tax shown on the return, or the full amount of tax due for which no return is required to be filed on or before the due date;

d.Failure to pay the deficiency tax within the time prescribed for its payment in the notice of assessment.

2.A surcharge of fifty percent (50%) of the tax or of the deficiency tax, in case any payment has been made on the basis of such return before the discovery of the falsity or fraud, for each of the following violations:

a.Willful neglect to file the return within the period prescribed by the Code or by rules and regulations; or

b.In case a false or fraudulent return is willfully made.

3.Interest at the rate of twenty percent (20%) per annum, or such higher rate as may be prescribed by rules and regulations, on any unpaid amount of tax from the date prescribed for the payment until the amount is fully paid.

4.Compromise penalty.

Attachments Required

1.Certificate of Creditable Tax Withheld at Source, if applicable;

2.Duly approved Tax Debit Memo, if applicable;

3.For amended return, proof of the payment and the return previously filed;

4.All returns filed by an authorized representative must attach authorization letter.

Note: All background information must be properly filled up.

∙All returns filed by an accredited tax representative on behalf of a taxpayer shall bear the following information:

A.For CPAs and others (individual practitioners and members of GPPs); a.1 Taxpayer Identification Number (TIN); and

a.2 Certificate of Accreditation Number, Date of Issuance, and Date of Expiry.

B.For members of the Philippine Bar (individual practitioners, members of GPPs):

b.1 Taxpayer Identification Number (TIN); and

b.2 Attorney’s Roll Number or Accreditation Number, if any.

∙Nos. 1, 2 and 3 of this form refer to transaction period and not the date of filing this return.

∙The last 3 digits of the 12-digit TIN refers to the branch code.

∙TIN = Taxpayer Identification Number

ENCS 2551M