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    2550Mv 2

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    nelson
    This document is a Value-Added Tax (VAT) declaration form from the Bureau of Internal Revenue of the Philippines. It contains 3 sections: 1) Taxpayer information including name, address, tax identification number, line of business, and tax relief programs. 2) Computation of VAT involving sales/receipts, allowable input tax, net VAT payable, tax credits, and penalties/payments due. 3) Payment details including method of payment, check/debit memo numbers, and amounts. The form is used by taxpayers to declare their VAT liabilities and payments on a monthly basis as required by Philippine tax law. It provides key financial information as well as identification of the taxpayer

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd

    2550Mv 2

    Uploaded by

    nelson
    67 views7 pages
    This document is a Value-Added Tax (VAT) declaration form from the Bureau of Internal Revenue of the Philippines. It contains 3 sections: 1) Taxpayer information including name, address, tax identification number, line of business, and tax relief programs. 2) Computation of VAT involving sales/receipts, allowable input tax, net VAT payable, tax credits, and penalties/payments due. 3) Payment details including method of payment, check/debit memo numbers, and amounts. The form is used by taxpayers to declare their VAT liabilities and payments on a monthly basis as required by Philippine tax law. It provides key financial information as well as identification of the taxpayer

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    2550M

    Original Title

    2550Mv.2

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    © © All Rights Reserved

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    This document is a Value-Added Tax (VAT) declaration form from the Bureau of Internal Revenue of the Philippines. It contains 3 sections: 1) Taxpayer information including name, address, tax identification number, line of business, and tax relief programs. 2) Computation of VAT involving sales/receipts, allowable input tax, net VAT payable, tax credits, and penalties/payments due. 3) Payment details including method of payment, check/debit memo numbers, and amounts. The form is used by taxpayers to declare their VAT liabilities and payments on a monthly basis as required by Philippine tax law. It provides key financial information as well as identification of the taxpayer

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    67 views7 pages

    2550Mv 2

    Uploaded by

    nelson
    This document is a Value-Added Tax (VAT) declaration form from the Bureau of Internal Revenue of the Philippines. It contains 3 sections: 1) Taxpayer information including name, address, tax identification number, line of business, and tax relief programs. 2) Computation of VAT involving sales/receipts, allowable input tax, net VAT payable, tax credits, and penalties/payments due. 3) Payment details including method of payment, check/debit memo numbers, and amounts. The form is used by taxpayers to declare their VAT liabilities and payments on a monthly basis as required by Philippine tax law. It provides key financial information as well as identification of the taxpayer

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 7

    (To be filled up by the BIR)

    DLN:

    PSIC:
    BIR Form No.

    Monthly Value-Added Tax


    Kawanihan ng Rentas Internas
    Declaration

    2550M

    Republika ng Pilipinas

    Kagawaran ng Pananalapi

    Fill in all applicable spaces. Mark all appropriate boxes with an X.


    1
    (MM/YYYY)
    For the Month of
    Part I
    4 TIN

    2 Amended
    Return
    Yes
    No
    Information
    6 Line of Business

    Number of sheets
    attached

    Background
    5 RDO
    Code
    Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name

    Registered Address

    11
    Part II

    12
    13
    14
    15
    16
    17

    18

    19
    20

    21
    22
    23

    24
    25
    26

    February 2007 (ENCS)

    8
    10

    Telephone Number
    Zip Code

    If yes, specify

    Are you availing of tax relief under Special Law


    or International Tax Treaty?

    Yes

    No

    Computation of Tax (Attach additional sheets, if necessary)


    Sales/Receipts for the Month (Exclusive of VAT)

    Vatable Sales/Receipt- Private (Sch.1)


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

    Output Tax Due for the Month

    12B
    13B

    16B
    17A
    17B
    17C
    17D
    17E
    17F
    18B
    18D
    18F
    18H
    18J
    18L
    18O
    19

    20A
    20B
    20C
    20D
    20E
    20F
    21
    22
    23A
    23B
    23C
    23D
    23E
    23F
    23G
    24
    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/
    Authorized Representative/Taxpayer
    (Signature Over Printed Name)
    Title/Position of Signatory

    Particulars
    29 Cash/Bank 29A

    Drawee Bank/
    Agency

    Date of Issuance

    Number
    29B

    (Signature Over Printed Name)

    TIN of Signatory

    Tax Agent Acc. No./Atty's Roll No.(if applicable)

    Part III

    Treasurer/Assistant Treasurer

    Title/Position of Signatory

    Date of Expiry

    TIN of Signatory

    Details of Payment
    Date
    MM
    DD
    YYYY
    29C

    Debit Memo................................................................................
    30B
    30C
    30 Check 30A
    31 Tax Debit
    31A
    31B
    Memo ..............
    32B
    32C
    32 Others 32A

    Amount
    29D
    30D
    31C
    32D

    Machine Validation (if filed with an accredited agent bank)/Revenue Official Receipt 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)

    Schedule 1

    BIR Form 2550M - February 2007 (ENCS)


    Page 2
    Schedule of Sales/Receipts and Output Tax (Attach additional sheet, if necessary)
    Amount of Sales/Receipts
    Output Tax
    Industries Covered by VAT
    AT C
    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
    Allowable Input
    Recognized Life
    Est. Life
    Tax for the Period
    Date
    Amount
    Input Tax
    (In Months)
    Description
    (in
    (Cx12%)
    (D) divided by (F)
    Purchased
    (Net of VAT)
    Useful life or 60 mos.
    months)

    (A)

    (B)

    (C )

    (D)

    (E)

    (whichever is shorter)

    Balance of Input Tax


    to be carried to
    Next Period

    (G)

    (D) less (G)


    (H)

    Allowable Input
    Tax for the Period
    (D) divided by (F)

    Balance of Input Tax


    to be carried to
    Next Period

    (G)

    (D) less (G)


    (H)

    (F)

    Total (To Item 18C/D)


    B) Purchases/Importations Previous Period
    Date
    Purchased
    (A)

    Description

    Amount
    (Net of VAT)

    (B)

    (C )

    Balance of
    Est. Life Recognized Life (In
    Months)
    Input Tax from
    (in
    Previous Period months)
    Remaining Life
    (D)
    (E)
    (F)

    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
    x
    Total Sales
    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
    x
    Total Sales
    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
    Covered

    Applied
    Current mo.

    Total (To Item 23A)


    Schedule 7
    Period
    Name of Miller
    Covered

    Applied
    Current mo.

    Total (To Item 23B)


    Schedule 8
    Period
    Covered

    Total (To Item 23C)

    Schedule of Advance Payment (Attach additional sheets, if necessary)


    Name of Taxpayer
    Official Receipt
    Amount Paid
    Number

    VAT Withheld on Sales to Government (Attach additional sheets, if necessary)


    Name of Withholding Agent

    Income Payment

    Total Tax Withheld

    Applied
    Current mo.

    BIR Form 2550M - February 2007 (ENCS)


    ALPHANUMERIC TAX CODES (ATC)
    1.
    2.

    3.

    INDUSTRIES COVERED BY VAT

    ATC

    Mining and Quarrying


    Manufacturing
    2.1 Tobacco
    2.2 Alcohol
    2.3 Petroleum
    2.4 Automobiles
    2.5 Non-Essentials (Excisable Goods)
    2.6 Cement
    2.7 Food Products and Beverages
    2.8 Pharmaceuticals
    2.9 Flour
    2.10 Sugar
    2.11 Pesticides
    2.12 Others (General)
    Non Life Insurance

    VQ010

    INDUSTRIES COVERED BY VAT


    4.

    VM 040
    VM 110
    VM 120
    VM 130
    VM 140
    VM 030
    VM 020
    VM 150
    VM 050
    VM 160
    VM 100
    VM 010
    VB 113

    5.
    6.
    7.

    8.

    Lending Investors/Dealer In securites/


    Pawnshops/Pre-need Co./
    Construction
    Wholesale & Retail
    Hotel & Restaurants
    7.1 Hotels, Motels
    7.2 Restaurants, Caterers
    Transport Storage and Communications
    8.1 Land Transport-Cargo
    8.2 Water Transport-Cargo
    8.2.1 Domestic Ocean Going Vessels
    8.2.2 Inter Island Shipping Vessels
    8.3 Air Transport-Cargo
    8.4 Telephone & Telegraph
    8.5 Radio/TV Broadcasting

    ATC
    VB 102
    VC 010
    VT 010
    VB100
    VB101
    VB105
    VB106
    VB 107
    VB108
    VB109
    VB 111

    INDUSTRIES COVERED BY VAT


    8.6
    Other Franchise
    9.
    Real Estate, Renting &
    Business Activity
    9.1
    Sale of Real Property
    9.2
    Lease of Real Property
    9.3
    Sale/Lease of Intangible Property
    10. Compulsory Social Security
    Public Administration & Defense
    11. Other Community Social and
    Personal Service Activity
    12. Others:
    12.1 Storage & Warehousing
    12.2 Business Services
    (In General)
    12.3 Importation of Goods

    Page 3
    ATC
    VB 112

    VP 100
    VP 101
    VP 102
    VD 010
    VH 010
    VS 010
    VB 010
    VI 010

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