Quarterly Percentage Tax Return

Quarterly Percentage Tax Return

BIR Form No. 2551Q January 2018 (ENCS)

Republic of the Philippines • Department of Finance • Bureau of Internal Revenue

Annex “A”

For BIR Use Only

Part I – Background Information

1 For the Calendar Fiscal

2 Year Ended (MM/YYYY)

3 Quarter 1st 2nd 3rd 4th

4 Amended Return? Yes No

5 Number of Sheet/s Attached

6 Taxpayer Identification Number (TIN)

7 RDO Code

8 Taxpayer’s Name

9 Registered Address

9A ZIP Code

10 Contact Number

11 Email Address

12 Are you availing of tax relief under 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)

Graduated income tax rate on net taxable income 8% income tax rate on gross sales/receipts/others

Part II – Total Tax Payable

14 Total Tax Due

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

18 Total Tax Credits/Payments

19 Tax Still Payable/(Overpayment)

Add: Penalties

20 Surcharge

21 Interest

22 Compromise

23 Total Penalties

24 TOTAL AMOUNT PAYABLE/(Overpayment)

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...

Part III – Details of Payment

25 Cash/Bank Debit Memo

26 Check

27 Tax Debit Memo

28 Others (Specify below)

Part II Schedule 1 – Computation of Tax

TIN

Taxpayer’s Last Name / Registered Name

Schedule 1 – Computation of Tax

1

2

3

4

5

6

7 Total Tax Due

Table 1 – Alphanumeric Tax Code (ATC)

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 ... — 18%

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%

PT 105 Maturity period is five (5) years or less — 5%

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 ... — 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 Premiums (Sec. 123) — 2%

PT 130 Insurance Agents — 4%

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

Submit the completed form