Know your taxes: 2551Q

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BIR Form 2551Q is also known as the Quarterly Percentage Tax Return form.

Non-VAT registered individuals or non-individuals “who sell goods, properties or services, whose annual gross sales and/or receipts do not exceed three million pesos (Php3,000,000.00) and are exempt from value-added tax (VAT) under Section 109 (BB) of the National Internal Revenue Code, as amended by Republic Act (RA) No. 10963” and others.

Form 2551Q is due within 25 days after the close of the taxable quarter.

Fill out all the necessary fields on the form, making sure all values and data are correct. For fields with options, place an X mark right next to the applicable choice.

To make form preparation less complicated, you may use Oojeema’s built-in 2551Q. Oojeema’s built-in 2551Q automatically updates as you add sales and purchase transactions. This means if you’re filing through eFPS or eBIR, you no longer have to manually compute input and output VATs. Just click generate then you can key in the amounts on the eBIR and eFPS portals.

Make tax forms filing simpler.


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