2551M PT 041 Bir46

User Manual: PT-041

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PSIC:
BIR Form No.

Monthly Percentage
Tax Return

Republika ng Pilipinas
Kagawaran ng Pananalapi

Kawanihan ng Rentas Internas

2551M
April 2002 (ENCS)

Fill in all applicable spaces. Mark all appropriate boxes with an “X”.
1
2

For the

Calendar

Fiscal

Year ended
(MM/YYYY)

3 For the month

4

(MM/YYYY)

Part I

Amended Return
Yes

Background

5 Number of sheets attached
No

Information

6

TIN

7 RDO Code

9

Occupation
Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name

8 Line of Business/

11 Registered Address

13 Are you availing of tax relief under Special Law
or International Tax Treaty?
Yes
Part II

No

Telephone Number

12

Zip Code

If yes, specify

Computation of Tax
Taxable Transaction/
Industry Classification

ATC

Taxable Amount

Tax Rate

Tax Due

14A

14B

14C

14D

14E

15A

15B

15C

15D

15E

16A

16B

16C

16D

16E

17A

17B

17C

17D

17E

18A

18B

18C

18D

18E

19 Total Tax Due
20
Less: Tax Credits/Payments

21

10

19

20A

Creditable Percentage Tax Withheld Per BIR Form No. 2307 (See Schedule 1)

20A

20B

Tax Paid in Return Previously Filed, if this is an Amended Return

20B

Total Tax Credits/Payments (Sum of Items 20A & 20B)

22 Tax Payable (Overpayment) (Item 19 less Item 21)
23
Add: Penalties
Surcharge
23A
23B

21
22
Interest

Compromise
23C

23D

24 Total Amount Payable/(Overpayment) (Sum of Items 22 and 23D)
If overpayment, mark one box only:

24

To be Refunded

To be issued a Tax Credit Certificate

I declare, under the penalties of perjury, that this return has been made in good faith, verified by me, and to the best of my knowledge, and belief,
is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.
25
26
Signature over Printed Name of Taxpayer/
Title/Position of Signatory
Taxpayer Authorized Representative
TIN of Tax Agent (if applicable)
Part III

Tax Agent Accreditation No. (if applicable)

Details of Payment
Drawee Bank/

Particulars

Stamp of
Date

Agency

Number

MM

DD

27 Cash/Bank
Debit Memo

Receiving Office
YYYY

Amount
27

28 Check 28A

28B

28C

28D

29 Tax Debit

29A

29B

29C

30B

30C

30D

Memo
30 Others 30A

Machine Validation/Revenue Official Receipt Details (If not filed with the bank)

jbd

and Date of
Receipt

BIR FORM 2551M (ENCS)-PAGE 2
Schedule 1

Tax Withheld Claimed as Tax Credit

Period Covered

Name of Withholding Agent

Income Payments

Tax Withheld

Applied

Total (To Item 20A)
ATC
PT 010
PT
PT
PT
PT

040
041
060
070

PT 101

PT 102
PT 103

Percentage Tax On:

ALPHANUMERIC TAX CODE (ATC)
Tax Rate
ATC

Persons exempt from VAT under Sec. 109z (Sec. 116)
3%
Domestic carriers and keepers of garages
3%
International Carriers
3%
Franchises on electric utilities, gas and water utility
2%
Franchises on radio/TV broadcasting companies whose
annual gross receipts do not exceed P 10 M
3%
Tax on banks and non-bank financial intermediaries
1) On interest, commissions and discounts paid to banks
and non-bank financial intermediaries arising out of
lending activities as well as financial leasing, on the
5%,3%,1%,0%
basis of the remaining maturities of the instrument
2) On dividends
0%
3) On royalties, rentals of property, real or personal, profits
from exchange and all other gross income
5%

PT 111

PT 112

PT 120
PT 130
PT 131
PT 132
PT 210

Percentage Tax On:

Tax Rate

Tax on finance companies
1) On interest, discounts and other items of gross income paid to
finance companies and other financial intermediaries not
performing quasi-banking functions
5%
2) On interest, commissions and discounts paid from their loan
transactions from finance companies as well as financial leasing
based on the remaining maturities of the instruments
5%,3%, 1%,0%
Life Insurance premium
5%
Agents of Foreign Insurance Companies
a) Insurance Agents
10%
b) Insurance Agents
5%
c) Owners of property obtaining insurance directly
with foreign insurance companies
5%
On services rendered by stock, real estate, commercial, customs
and immigration brokers
7%

BIR Form No. 2551M Percentage Tax Return
Guidelines and Instructions
Who Shall File
This return shall be filed in triplicate by the following:
I. Persons whose gross annual sales and/or receipts do not exceed
P550,000 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 electric, 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.
9. Stock, real estate, commercial, cust oms and immigration brokers.
Provided
that cooperatives shall be exempt from the three percent
(3%) gross receipts tax.
When and Where to File
th
The return shall be filed not later than the 20 day following the end of
each month, provided, however, that with respect to taxpayers enrolled with
the Electronic Filing and Payment System (EFPS), the deadline for e-filing
and e-paying the tax due thereon shall be fi ve (5) days later than the deadline
set above.
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
requi red 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 b e 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 (SIR Form No.2524) therefore.
Where the return is filed with an AAB, the lower portion of the return
must be properly machine-validated and stamped by the Authorized Agent
Bank to
serve as the receipt of payment. The machine validation shall reflect the date
of payment, amount paid and transaction code, and the stamped mark shall
show the name of the bank, branch code, teller's code and teller's initial. The
AAB shall also issue an official receipt or bank debit advice or credit
document, whichever is applicable, as additional proof of payment.
Basis of Tax
The tax is based on gross receipts except on insurance companies where the
basis of tax is the total premium collected.
"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:
I.
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
I.
Certificate of Creditable Tax Withheld at Source, if appl icable;
2 . Duly approved Tax Debit Memo, if applicable;
3 . Copy of Certificate of Registration issued by Cooperative Development
Authority for cooperatives and from the National Electrification
Administration for electric cooperatives;
4 . For amended return, proof of the payment and the return previously filed.
No te: 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
ofGPPs);
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
p ractitioners. members ofGPPs):
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
•



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