2551M PT 041 Bir46
User Manual: PT-041
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(To be filled up by the BIR) DLN: 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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