BIR Form 2551M

Monthly Percentage Tax Return

(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 Calendar    Fiscal    3 For the month -    4 Amended Return Yes No    5 Number of sheets attached

Part I   Background Information

6 TIN    7 RDO Code    8 Line 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   Computation of Tax

Taxable Transaction / 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

20 Less: Tax Credits/Payments

20A Creditable Percentage Tax Withheld Per BIR Form No. 2307 (See Schedule 1)

20B Tax Paid in Return Previously Filed, if this is an Amended Return

21 Total Tax Credits/Payments (Sum of Items 20A & 20B)

22 Tax Payable (Overpayment) (Item 19 less Item 21)

23 Add: Penalties

23A Surcharge    23B Interest    23C Compromise    23D

24 Total Amount Payable/(Overpayment) (Sum of Items 22 and 23D)

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.

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

Date of Issuance    Date of Expiry

Part III   Details of Payment

Machine Validation/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank)

Schedule 1

Tax Withheld Claimed as Tax Credit

Alphanumeric Tax Code (ATC)

PT 010 Persons exempt from VAT under Sec. 109v (Sec. 116) 3%

PT 040 Domestic carriers and keepers of garages 3%

PT 041 International Carriers 3%

PT 060 Franchises on gas and water utilities 2%

PT 070 Franchises on radio/TV broadcasting companies whose annual gross receipts do not exceed P10M 3%

PT 101 Maturity period is more than five (5) years 1%

PT 102 On dividends and equity shares and net income of subsidiaries 0%

PT 103 On royalties, rentals of property, real or personal, profits from exchange and all other gross income 7%

PT 104 On net trading gains within the taxable year on foreign currency, debt securities, derivatives, and other financial instruments 7%

PT 113 Maturity period is five (5) years or less 5%

PT 114 Maturity period is more than five (5) years 1%

PT 115 From all other items treated as gross income under the code 5%

PT 120 Life Insurance premium 5%

PT 130 a) Insurance Agents 10%

PT 132 b) Owners of property obtaining insurance directly with foreign insurance companies 5%

Who Shall File

1. Persons whose gross annual sales and/or receipts do not exceed P1,500,000 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 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.

When and Where to File

The return shall be filed not later than the 20th day following the end of each month.

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.

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.

For Electronic Filing and Payment System (EFPS) Taxpayer

The deadline for electronically filing and paying the taxes due thereon shall be in accordance with the provisions of existing applicable revenue issuances.

Basis of Tax

The tax is based on gross sales, receipts or earnings except on insurance companies where the basis of tax is the total premium collected/paid.

Penalties

There shall be imposed and collected as part of the tax: surcharge, interest, and compromise penalty as provided by the form instructions.

Attachments Required

1. Certificate of Creditable Tax Withheld at Source, if applicable;

2. Duly approved Tax Debit Memo, if applicable;

3. For amended return, proof of the payment and the return previously filed;

4. All returns filed by an authorized representative must attach authorization letter.