Tax Notes: BIR advisory on percentage tax filing

IN compliance with Sec. 40 of Republic Act No. 10963 or the Tax Reform for Acceleration and Inclusion Act, the Bureau of Internal Revenue (BIR) issued a tax advisory providing instructions for percentage taxpayers under Title V of the 1997 Tax Code.

Using BIR Form No. 2551Q, all percentage tax taxpayers must file a quarterly return of their gross sales, receipts, or earnings within 25 days after the end of each taxable quarter. This guideline also applies to taxpayers who are subject to percentage tax due to change of registration from value-added tax (VAT) to non-VAT.

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