Name: Keith Tristan B.

Nacario

Schedule and Subject: 9:00-10:30 (TTH) ACCTG 703

Course and Year: BSMA 4

Assignment No. 5

a. Secure a copy of the following BIR Forms

1. BIR Form 2550M/2550Q: Value-Added Tax Declaration

2. BIR Form 2551Q: Percentage Tax Returns

(To be filled up by the BIR)
DLN: PSIC:
BIR Form No.
Republika ng Pilipinas
Monthly Value-Added Tax
Kagawaran ng Pananalapi
Kawanihan ng Rentas Internas Declaration 2550M
February 2007 (ENCS)
Fill in all applicable spaces. Mark all appropriate boxes with an “X”.
1 For the Month of (MM/YYYY) 2 Amended 3 Number of sheets
Return Yes No attached
Part I Background Information
4 TIN 5 RDO 6 Line of Business
Code
7 Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name 8 Telephone Number

9 Registered Address 10 Zip Code

11 Are you availing of tax relief under Special Law If yes, specify
or International Tax Treaty? Yes No
Part II Computation of Tax (Attach additional sheets, if necessary)
Sales/Receipts for the Month (Exclusive of VAT) Output Tax Due for the Month
12 Vatable Sales/Receipt- Private (Sch.1) 12A 12B
13 Sales to Government 13A 13B
14 Zero Rated Sales/Receipts 14
15 Exempt Sales/Receipts 15
16 Total Sales/Receipts and Output Tax Due 16A 16B
17 Less: Allowable Input Tax
17A Input Tax Carried Over from Previous Period 17A
17B Input Tax Deferred on Capital Goods Exceeding P1Million from Previous Period 17B
17C Transitional Input Tax 17C
17D Presumptive Input Tax 17D
17E Others 17E
17F Total (Sum of Item 17A,17B,17C,17D &17E) 17F
18 Current Transactions Purchases
18A/B Purchase of Capital Goods not exceeding P1Million (see sch.2) 18A 18B
18C/D Purchase of Capital Goods exceeding P1Million (see sch.3) 18C 18D
18E/F Domestic Purchases of Goods Other than Capital Goods 18E 18F
18G/H Importation of Goods Other than Capital Goods 18G 18H
18I/J Domestic Purchase of Services 18 I 18J
18K/L Services rendered by Non-residents 18K 18L
18M Purchases Not Qualified for Input Tax 18M
18N/O Others 18N 18O
18P Total Current Purchases (Sum of Item 18A,18C,18E,18G,18I,18K,18M&18N) 18P
19 Total Available Input Tax (Sum of Item 17F,18B,18D,18F,18H,18J,18L & 18O) 19
20 Less: Deductions from Input Tax
20A Input Tax on Purchases of Capital Goods exceeding P1Million
deferred for the succeeding period (Sch.3) 20A
20B Input Tax on Sale to Govt. closed to expense (Sch.4) 20B
20C Input Tax allocable to Exempt Sales (Sch.5) 20C
20D VAT Refund/TCC claimed 20D
20E Others 20E
20F Total (Sum of Item 20A,20B,20C,20D & 20E ) 20F
21 Total Allowable Input Tax (Item19 less Item 20F) 21
22 Net VAT Payable (Item 16B less Item 21) 22
23 Less: Tax Credits/Payments
23A Creditable Value-Added Tax Withheld (Sch. 6) 23A
23B Advance Payments for Sugar and Flour Industries (Sch.7) 23B
23C VATwithheld on Sales to Government (Sch.8) 23C
23D VAT paid in return previously filed, if this is an amended return 23D
23E Advance Payments made (please attach proof of payments - BIR Form No. 0605) 23E
23F Others 23F
23G Total Tax Credits/Payments (Sum of Item 23A,23B,23C, 23D, 23E & 23F) 23G
24 Tax Still Payable/(Overpayment) (Item 22 less Item 23G) 24
25 Add: Penalties Surcharge Interest Compromise
25A 25B 25C 25D
26 Total Amount Payable/(Overpayment) (Sum of Item 24 and 25D) 26
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.

27 28
President/Vice President/Principal Officer/Accredited Tax Agent/ Treasurer/Assistant Treasurer
Authorized Representative/Taxpayer (Signature Over Printed Name)
(Signature Over Printed Name)

Title/Position of Signatory TIN of Signatory Title/Position of Signatory

Tax Agent Acc. No./Atty's Roll No.(if applicable) Date of Issuance Date of Expiry TIN of Signatory
Part III Details of Payment
Drawee Bank/ Date
Particulars Agency Number MM DD YYYY Amount Stamp of
29 Cash/Bank 29A 29B 29C 29D Receiving Office/AAB
Debit Memo................................................................................………………… and Date of Receipt
30 Check 30A 30B 30C 30D (RO's Signature/
31 Tax Debit 31A
Bank Teller's Initial)
31B 31C
Memo ............………………..
32 Others 32A 32B 32C 32D

Machine Validation (if filed with an accredited agent bank)/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank)
 BIR Form 2550M - February 2007 (ENCS) Page 2
Schedule 1 Schedule of Sales/Receipts and Output Tax (Attach additional sheet, if necessary)
Amount of Sales/Receipts Output Tax
Industries Covered by VAT ATC
For the Period For the Period

To Item 12A/B
Schedule 2 Purchases/Importation of Capital Goods (Aggregate Amount Not Exceeding P1 Million) (Attach additional sheet, if necessary)
Date Amount
Description Input Tax
Purchased (Net of VAT)
(A) (B) (C) (D)

Total (To Item 18A/B)

Schedule 3 Purchases/Importation of Capital Goods (Aggregate Amount Exceeds P1 Million) (Attach additional sheet, if necessary)
A) Purchases/Importations This Period
Recognized Life Allowable Input Balance of Input Tax
Date Amount Input Tax Est. Life (In Months) Tax for the Period to be carried to
Description
Purchased (Net of VAT) (Cx12%) (in months) Useful life or 60 mos. (D) divided by (F) Next Period
(whichever is shorter) (D) less (G)
(A) (B) (C ) (D) (E) (F) (G) (H)

Total (To Item 18C/D)

B) Purchases/Importations Previous Period
Allowable Input Balance of Input Tax
Balance of Input Recognized Life (In
Date Amount Est. Life Tax for the Period to be carried to
Description Tax from Months)
Purchased (Net of VAT) (in months) (D) divided by (F) Next Period
Previous Period
Remaining Life (D) less (G)
(A) (B) (C ) (D) (E) (F) (G) (H)

Total
C) Total Input Tax Deferred for future period from current and previous purchases (To Item 20A)
Schedule 4 Input Tax Attributable to Sale to Government
Input Tax directly attributable to sale to government
Add: Ratable portion of Input Tax not directly attributable
to any activity:
Taxable sales to government Amount of Input Tax not
Total Sales x directly attributable
Total Input Tax attributable to sale to government
Less: Standard Input Tax to sale to government
Input Tax on Sale to Govt. closed to expense (To Item 20B)
Schedule 5 Input Tax Attributable to Exempt Sales
Input Tax directly attributable to exempt sale
Add: Ratable portion of Input Tax not directly attributable
to any activity:
Taxable exempt sale Amount of Input Tax not
Total Sales x directly attributable
Total Input Tax attributable to exempt sale (To Item 20C)
Schedule 6 Tax Withheld Claimed as Tax Credit (Attach additional sheets, if necessary)
Period Name of Withholding Agent Income Payment Total Tax Withheld Applied
Covered Current mo.

Total (To Item 23A)

Schedule 7 Schedule of Advance Payment (Attach additional sheets, if necessary)
Period Name of Miller Name of Taxpayer Official Receipt Amount Paid Applied
Covered Number Current mo.

Total (To Item 23B)

Schedule 8 VAT Withheld on Sales to Government (Attach additional sheets, if necessary)
Period Name of Withholding Agent Income Payment Total Tax Withheld Applied
Covered Current mo.

Total (To Item 23C)

 BIR Form 2550M - February 2007 (ENCS) Page 3
ALPHANUMERIC TAX CODES (ATC)
INDUSTRIES COVERED BY VAT ATC INDUSTRIES COVERED BY VAT ATC INDUSTRIES COVERED BY VAT ATC
1. Mining and Quarrying VQ010 4. Lending Investors/Dealer In securites/ 8.6 Other Franchise VB 112
VB 102
2. Manufacturing Pawnshops/Pre-need Co./ 9. Real Estate, Renting &
2.1 Tobacco VM 040 5. Construction VC 010 Business Activity
2.2 Alcohol VM 110 6. Wholesale & Retail VT 010 9.1 Sale of Real Property VP 100
2.3 Petroleum VM 120 7. Hotel & Restaurants 9.2 Lease of Real Property VP 101
2.4 Automobiles VM 130 7.1 Hotels, Motels VB100 9.3 Sale/Lease of Intangible Property VP 102
2.5 Non-Essentials (Excisable Goods) VM 140 7.2 Restaurants, Caterers VB101 10. Compulsory Social Security
VD 010
2.6 Cement VM 030 8. Transport Storage and Communications Public Administration & Defense
2.7 Food Products and Beverages VM 020 8.1 Land Transport-Cargo VB105 11. Other Community Social and
VH 010
2.8 Pharmaceuticals VM 150 8.2 Water Transport-Cargo Personal Service Activity
2.9 Flour VM 050 8.2.1 Domestic Ocean Going Vessels VB106 12. Others:
2.10 Sugar VM 160 8.2.2 Inter Island Shipping Vessels VB 107 12.1 Storage & Warehousing VS 010
2.11 Pesticides VM 100 8.3 Air Transport-Cargo VB108 12.2 Business Services
VB 010
2.12 Others (General) VM 010 8.4 Telephone & Telegraph VB109 (In General)
3. Non Life Insurance VB 113 8.5 Radio/TV Broadcasting VB 111 12.3 Importation of Goods VI 010
(To be filled up by the BIR)
DLN: PSIC:
BIR Form No.
Quarterly Value-Added
Republika ng Pilipinas
Kagawaran ng Pananalapi
Kawanihan ng Rentas Internas Tax Return 2550Q
April 2002 (ENCS)
Fill in all applicable spaces. Mark all appropriate boxes with an “X”.
1 For the Calendar Fiscal 2 Quarter 1st 3rd 3 Return From 4 Amended Yes 5 No. of sheets
Year Ended Period Return? attached
( MM / YYYY ) 2nd 4th (mm/dd/yy) To No
6 TIN 7 RDO 8 Line of Business
Code
9 10 Telephone Number

11 Registered Address 12 Zip Code

13 Are you availing of tax relief under Special Law If yes, specify
or International Tax Treaty? Yes No
Part II Computation of Tax
Industries Covered by VAT ATC Sales/Receipts for the Quarter (Exclusive of VAT) Output Tax Due for the Quarter
14 14A 14B 14C
15 15A 15B 15C

16 16A 16B 16C

17 17A 17B 17C

18 18A 18B 18C
19 Total Sales/Receipts (Sum of Items 14B to 18B) and 19A 19B
Output Tax Due (Sum of Items 14C to 18C) - 10%
20 Zero Rated Sales/Receipts 20

21 Exempt Sales/Receipts 21
22 Total Sales/Receipts (Sum of Items 19A, 20 and 21) 22
23 Less: Input Tax Purchases
23A Transitional Input Tax 23A
23B Presumptive Input Tax 23B
23C Input Tax Carried Over from Previous Quarter 23C
23D/E Domestic Purchases-Capital Goods 23D 23E
23F/G Domestic Purchases - Goods other than Capital Goods 23F 23G
23H/I Domestic Purchases-Services 23H 23I
23J/K Services rendered by Non-Resident 23J 23K
23L/M Importations - Capital Goods 23L 23M
23N/O Importations- Goods other than capital goods 23N 23O
23P Purchases Not Qualified for Input Tax 23P
23Q Total Purchases (Sum of Items 23D,23F,23H,23J,23L,23N & 23P) 23Q
24 Total Available Input Tax (Sum of Items 23A,23B, 23C, 23E, 23G, 23I, 23K,23M & 23O) 24
25 Less: Deduction from Input Tax
25A Any VAT Refund/ TCC Claimed 25A
25B Excess input tax carrried over to succeeding quarter, if this is an amended return 25B
25C Total (Sum of Items 25A and 25B) 25C

26 Net Creditable Input Tax (Item 24 less Item 25C) 26

27 VAT Payable/(Excess Input Tax) (Item 19B less Item 26) 27
28 Less: Tax Credits/Payments
28A Excess payment in the previous return 28A
28B Monthly VAT Payments - previous two months 28B
28C Creditable Value-Added Tax Withheld (see Schedule I) 28C
28D Advance Payments (see Schedule II) 28D
28E VAT paid in return previously filed, if this is an amended return 28E
28F Total Tax Credits/Payments(Sum of Items 28A to 28E) 28F
29 Tax Payable/(Overpayment) (Item 27 less Item 28F) 29
30 Add: Penalties Surcharge Interest Compromise
30A 30B 30C 30D

31 Total Amount Payable/(Overpayment)(Sum of Items 29 & 30D) 31

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.
32 33
Signature over Printed Name of Taxpayer/ Title/Position of Signatory
Taxpayer Authorized Representative

TIN of Tax Agent (if applicable) Tax AgentAcrreditation No. (if applicable)
Part III Details of Payment
Drawee Bank/ Date
Particulars Agency Number MM DD YYYY Amount Stamp of
34 Cash/Bank 34 Receiving Office
Debit Memo................................................................................………………… and Date of Receipt
35 Check 35A 35B 35C 35D
36 Tax Debit 36A 36B 36C
Memo ............………………..
37 Others 37A 37B 37C 37D

Machine Validation (if filed with an accredited agent bank)/Revenue Official Receipt Details (If not filed with the bank)
 Republic of the Philippines
For BIR BCS/
Department of Finance
Use Only Item
Bureau of Internal Revenue
BIR Form No.
Quarterly Percentage Tax Return
2551Q Enter all required information in CAPITAL LETTERS using BLACK ink. Mark applicable
January 2018 (ENCS) boxes with an “X”. Two copies MUST be filed with the BIR and one held by the Taxpayer.
Page 1 2551Q 01/18ENCS P1

1 For the Calendar Fiscal 3 Quarter 4 Amended Return? 5 Number of Sheet/s

2 Year Ended (MM/YYYY) 1st 2nd 3rd 4th Yes No Attached

Part I – Background Information

6 Taxpayer Identification Number (TIN) - - - 7 RDO Code
8 Taxpayer’s Name (Last Name, First Name, Middle Name for Individual OR Registered Name for Non-Individual)

9 Registered Address (Indicate complete address. If branch, indicate the branch address. If the registered address is different from the current address, go to the RDO to update registered address by using BIR Form No. 1905)

9A ZIP Code
10 Contact Number (Landline/Cellphone No.) 11 Email Address

Are you availing of tax relief under

12 Special Law or International Tax Treaty? Yes No 12A If yes, specify
13 Only for individual taxpayers whose sales/receipts are subject to Percentage Tax under Section 116 of the Tax Code, as amended:
What income tax rates are you availing? (choose one)
(To be filled out only on the initial Graduated income tax rate on net
8% income tax rate on gross sales/receipts/others
quarter of the taxable year) taxable income
Part II – Total Tax Payable
14 Total Tax Due (From Schedule 1 Item 7) .
Less: Tax Credit/Payment (attach proof)
15 Creditable Percentage Tax Withheld per BIR Form No. 2307 .
16 Tax Paid in Return Previously Filed, if this is an Amended Return .
17 Other Tax Credit/Payment (specify) __________________________________ .
18 Total Tax Credits/Payments (Sum of Items 15 to 17) .
19 Tax Still Payable/(Overpayment) (Item 14 Less Item 18) .
Add: Penalties
20 Surcharge .
21 Interest .
22 Compromise .
23 Total Penalties (Sum of Items 20 to 22) .
24 TOTAL AMOUNT PAYABLE/(Overpayment) (Sum of Items 19 and 23) .
If overpayment, mark one box only: To be refunded To be issued a Tax Credit Certificate
I/We declare under the penalties of perjury that this return, and all its attachments, have been made in good faith, verified by me/us, and to the best of my/our 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. Further, I give my consent to the processing of my information as
contemplated under the *Data Privacy Act of 2012 (R.A. No. 10173) for legitimate and lawful purposes. (If Authorized Representative, attach authorization letter)
For Individual: For Non-Individual:

Signature over Printed Name of President/Vice President/

Signature over Printed Name of Taxpayer/Authorized Representative/Tax Agent
(Indicate title/designation and TIN)
Authorized Officer or Representative/Tax Agent
(Indicate title/designation and TIN)
Tax Agent Accreditation No./ Date of Issue Expiry Date
Attorney’s Roll No. (If applicable) (MM/DD/YYYY) (MM/DD/YYYY)
Part III – Details of Payment
Drawee Bank/
Particulars Agency Number Date (MM/DD/YYYY) Amount
25 Cash/Bank Debit Memo .
26 Check .
27 Tax Debit Memo .
28 Others (Specify below)
.
Machine Validation/Revenue Official Receipt (ROR) Details (if not filed with an Authorized Agent Bank) Stamp of receiving Office/AAB and Date of Receipt
(RO’s Signature/Bank Teller’s Initial)

*NOTE: Please read the BIR Data Privacy Policy found in the BIR website (www.bir.gov.ph)
 BIR Form No.

2551Q Quarterly Percentage Tax Return

January 2018 (ENCS)
Page 2 2551Q 01/18ENCS P2
TIN Taxpayer’s Last Name (if Individual) / Registered Name(if Non-Individual)

Schedule 1 – Computation of Tax (Attach additional sheet/s, if necessary)

Alphanumeric Tax Tax
Taxable Amount Tax Due
Code (ATC) Rate
1 . % .
2 . % .
3 . % .
4 . % .
5 . % .
6 . % .
7 Total Tax Due (Sum of Items 1 to 6)(To Part II Item 14) .
Table 1 – Alphanumeric Tax Code (ATC)
ATC Percentage Tax On Tax Rate
PT 010 Persons exempt from VAT under Sec. 109(BB) (Sec. 116) 3%
PT 040 Domestic carriers and keepers of garages (Sec. 117) 3%
PT 041 International Carriers (Sec. 118) 3%
PT 060 Franchises on gas and water utilities (Sec. 119) 2%
PT 070 Franchises on radio/TV broadcasting companies whose annual gross receipts do not exceed P10 M (Sec. 119) 3%
PT 090 Overseas dispatch, message or conversation originating from the Philippines (Sec. 120) 10%
PT 140 Cockpits (Sec. 125) 18 %
PT 150 Tax on amusement places, such as cabarets, night and day clubs, videoke bars, karaoke bars, karaoke television, karaoke
18 %
boxes, music lounges and other similar establishments (Sec. 125)
PT 160 Boxing Exhibition (Sec. 125) 10 %
PT 170 Professional Basketball Games (Sec. 125) 15 %
PT 180 Jai-alai and Race Tracks (Sec. 125) 30 %
Tax on Banks and Non-Bank Financial Intermediaries Performing Quasi-Banking Functions (Sec. 121)
1) On interest, commissions and discounts from lending activities as well as income from financial leasing,
on the basis of remaining maturities of instruments from which such receipts are derived
PT 105 - Maturity period is five (5) years or less 5%
PT 101 - Maturity period is more than five (5) years 1%
PT 102 2) On dividends and equity shares and net income of subsidiaries 0%
PT 103 3) On royalties, rentals of property, real or personal, profits from exchange and all other gross income 7%
PT 104 4) On net trading gains within the taxable year on foreign currency, debt securities, derivatives and other financial instruments 7%
Tax on Other Non-Bank Financial Intermediaries not Performing Quasi-Banking Functions (Sec. 122)
1) On interest, commissions and discounts from lending activities as well as income from financial leasing,
on the basis of remaining maturities of instruments from which such receipts are derived
PT 113 - Maturity period is five (5) years or less 5%
PT 114 - Maturity period is more than five (5) years 1%
PT 115 2) From all other items treated as gross income under the code 5%
PT 120 Life Insurance Premiums (Sec. 123) 2%
Agents of Foreign Insurance Companies (Sec. 124)
PT 130 1) Insurance Agents 4%
PT 132 2) Owners of property obtaining insurance directly with foreign insurance companies 5%