2551M PT 041 Bir46
User Manual: PT-041
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Page Count: 2
(To be filled up by the BIR)
DLN: PSIC:
Fill in all applicable spaces. Mark all appropriate boxes with an “X”.
1 For the Calendar Fiscal 3For the month 4 Amended Return 5Number of sheets attached
2 Year ended
Part I B a c k g r o u n d I n f o r m a t i o n
6TIN 7 RDO Code 8Line of Business/
Occupation
9
Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name
10
Telephone Number
11
Registered Address
12
Zip Code
13
Are you availing of tax relief under Special Law
or International Tax Treaty? Yes No If yes, specify
Part II C o m p u t a t i o n o f T a x
Taxable Transaction/
A T C
Taxable Amount
Tax Rate
Tax Due
Industry Classification
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 19
20
Less: Tax Credits/Payments
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
21 Total Tax Credits/Payments (Sum of Items 20A & 20B) 21
22 Tax Payable (Overpayment) (Item 19 less Item 21) 22
23
Add: Penalties
Surcharge
Interest
Compromise
23A
23B
23C
23D
24 Total Amount Payable/(Overpayment) (Sum of Items 22 and 23D) 24
If overpayment, mark one box only: 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
Part III Details of Payment Stamp of
Drawee Bank/ Date Receiving Office
Particulars Agency Number MM DD YYYY Amount and Date of
27 Cash/Bank 27 Receipt
Debit Memo
28 Check 28A 28B 28C 28D
29 Tax Debit 29A 29B 29C
Memo
30 Others 30A 30B 30C 30D
Machine Validation/Revenue Official Receipt Details (If not filed with the bank)
jbd
Signature over Printed Name of Taxpayer/
Taxpayer Authorized Representative
TIN of Tax Agent (if applicable)
Title/Position of Signatory
Tax Agent Accreditation No. (if applicable)
2551M
April 2002 (ENCS)
Monthly Percentage
Tax Return
BIR Form No.
Republika ng Pilipinas
Kagawaran ng Pananalapi
Kawanihan ng Rentas Internas
Yes
No
(MM/YYYY)(MM/YYYY)
BIR FORM 2551M (ENCS)-PAGE 2
Schedule 1
Total (To Item 20A)
ALPHANUMERIC TAX CODE (ATC)
ATC Percentage Tax On: Tax Rate ATC Percentage Tax On: Tax Rate
PT
010
Persons exempt from VAT under Sec. 109z (Sec. 116)
3%
Tax on finance companies
PT
040
Domestic carriers and keepers of garages
3%
PT 111
1)
On interest, discounts and other items of gross income paid to
PT
041
International Carriers
3%
finance companies and other financial intermediaries not
PT
060
Franchises on electric utilities, gas and water utility
2%
performing quasi-banking functions
5%
PT
070
Franchises on radio/TV broadcasting companies whose
PT 112
2)
On interest, commissions and discounts paid from their loan
annual gross receipts do not exceed P 10 M
3%
transactions from finance companies as well as financial leasing
Tax on banks and non-bank financial intermediaries
based on the remaining maturities of the instruments
5%,3%, 1%,0%
PT 101
1)
On interest, commissions and discounts paid to banks
PT 120
Life Insurance premium
5%
and non-bank financial intermediaries arising out of
Agents of Foreign Insurance Companies
lending activities as well as financial leasing, on the
PT 130
a) Insurance Agents
10%
basis of the remaining maturities of the instrument
5%,3%,1%,0%
PT 131
b) Insurance Agents
5%
PT 102
2)
On dividends
0%
PT 132
c) Owners of property obtaining insurance directly
PT 103
3)
On royalties, rentals of property, real or personal, profits
with foreign insurance companies
5%
from exchange and all other gross income
5%
PT
210
On services rendered by stock, real estate, commercial, customs
and immigration brokers
7%
BIR Form No. 2551M Percentage Tax Return
Guidelines and Instructions
Tax Withheld Claimed as Tax Credit
Applied
Period Covered Name of Withholding Agent Income Payments Tax Withheld
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, customs and immigration brokers.
Provided that cooperatives shall be exempt from the three percent
(3%) gross receipts tax.
When and Where to File
The return shall be filed not later than the 20th 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 five (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
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 (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 applicable;
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.
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
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
practitioners. 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
