Professional Documents
Culture Documents
Who sell or lease goods, properties or services in the course of trade or business and
are exempt from value-added tax (VAT) under Section 109 (w) of the National Internal
Revenue Code, as amended, whose gross annual sales and/or receipts do not exceed
Php 1,919,500 and who are not VAT-registered; and
2.
a. Cars for rent or hire driven by the lessee, transportation contractors, including persons who
transport passengers for hire, and other domestic carriers of passengers by land (except owners of
animal-drawn two-wheeled vehicle) and keepers of garages
b. International air/shipping carriers doing business in the Philippines on their gross receipts derived
from transport of cargo from the Philippines to another country
c. Franchise grantees of
d. Overseas dispatch, message or conversation transmitted from the Philippines, except those
transmitted by the Philippine government, any embassy and consular offices of a foreign government,
public international organizations enjoying exemptions pursuant to an international agreement and
new messages to a bona fide correspondent furnishing general news service
e. Banks and non-bank financial intermediaries performing quasi-banking functions
f. Other non-bank financial intermediaries (including pawnshops)
g. Person, company or corporation (except purely cooperative companies or associations) doing life
insurance business
h. Fire, marine or miscellaneous agents of foreign insurance companies
I. Proprietor, lessee or operator of cockpits, cabarets, night or day clubs, boxing exhibitions,
professional basketball games, Jai-Alai and racetracks, including videoke bars, karaoke bars, karaoke
televisions, karaoke boxes and music lounges
j. Winnings in horse races
h. Sale, barter or exchange of shares of stock listed and traded through the local stock exchange or
through initial public offering
2.
cockpits,
boxing exhibitions
Duly issued Certificate of Creditable Tax Withheld at Source (BIR Form 2307), if applicable
2.
3.
For amended return, proof of payment and the return previously filed
4.
Procedures
1.
2.
If there is payment:
Proceed to any Authorized Agent Bank (AAB) located within the territorial jurisdiction of
the Revenue District Office (RDO) where the taxpayer is registered and present the
duly accomplished BIR Form 2551M, together with the required attachments and
payment. The Percentage Tax shall be paid at the time the return is filed by the
taxpayer.
In places where there are no AABs, the duly accomplished BIR Form 2551M, together
with the required attachments and payment, shall be filed/paid with the Revenue
Collection Officer (RCO) or duly authorized Treasurer of the city or municipality where
said business or principal place is located.
Receive the taxpayer's copy of BIR Form 2551M duly validated/stamp-received by the
AAB/RCO/authorized City or Municipal Treasurer.
For eFPS filers, you may click this Job Aid in filling and payment thru said system.
1.
If there is no payment:
Proceed to the RDO where the taxpayer is registered or with the concerned RCO and
present the duly accomplished BIR Form 2551M, together with the required
attachments.
Receive the taxpayer's copy of BIR Form 2551M duly stamp-received by the RDO
representative.
Note: "No payment" returns filed late shall be imposed the necessary penalties by the RDO, which
shall be paid at the concerned AAB.
When to File/Pay
Manual Filing
Within twenty (20) days following the end of each month
Electronic Filing
For taxpayers enrolled with the Electronic Filing and Payment System (eFPS), in accordance with the
schedule set forth in RR No. 26-2002 as follows:
Group
Group
Group
Group
Group
Duly issued Certificate of Creditable Tax Withheld at Source (BIR Form 2307), if applicable
Duly approved Tax Debit Memo, if applicable
For amended return, proof of payment and the return previously filed
Authorization letter, if filed by an authorized representative
Procedures
1.
2.
If there is payment:
Proceed to any AAB located within the territorial jurisdiction of the RDO where the
taxpayer is registered and present the duly accomplished BIR Form 2551Q, together
with the required attachments and payment. The Percentage Tax shall be paid at the
time the return is filed by the taxpayer.
In places where there are no AABs, the duly accomplished BIR Form 2551Q, together
with the required attachments and payment, shall be filed/paid with the RCO or duly
Authorized Treasurer of the city or municipality where said business or principal place
of
business
is
located.
Receive the taxpayer's copy of BIR Form 2551Q duly validated/stamp-received by the
AAB/RCO/authorized City or Municipal Treasurer.
For eFPS filers, you may click this Job Aid in filing and payment thru said system
3.
If there is no payment:
Proceed to the Revenue District Office where the taxpayer is registered or with the
concerned RCO and present the duly accomplished BIR Form 2551Q, together with the
required attachments.
Receive the taxpayer's copy of BIR Form 2551Q duly stamp-received by the RDO
representative.
Note: "No payment" returns filed late shall be imposed the necessary penalties by the RDO, which shall
be paid at the concerned AAB.
When to File/Pay
Manual Filing
Within twenty (20) days after the end of each taxable quarter
Electronic Filing
Within twenty (20) days after the end of each taxable quarter
Percentage Tax Return For Transactions Involving Shares of Stocks Listed and Traded
Through the Local Stocks Exchange or Through Initial and/or Secondary Offering
Tax Form
BIR Form 2552 - Percentage Tax Return for Transactions Involving Shares of Stocks Listed and Traded
Through the Local Stocks Exchange or Through Initial and/or Secondary Public Offering
Documentary Requirements
1. Duly issued Certificate of Creditable Tax Withheld at Source (BIR Form 2307), if applicable
2. Proof of Exemption for transactions not subject to tax, if applicable
3. Duly approved Tax Debit Memo, if applicable
4. For amended return, proof of payment and the return previously filed
5. Authorization letter, if filed by an authorized representative
Procedures
1. Fill-up BIR Form 2552 in triplicate copies.
2. If there is payment:
Proceed to any AAB located within the territorial jurisdiction of the RDO where the local
stock exchange is located and present the duly accomplished BIR Form 2552, together
with the required attachments and payment. The Percentage Tax shall be paid at the
time the return is filed by the taxpayer.
Receive the BIR Form 2552 taxpayer's copy duly validated and stamp-received by the
teller of the AAB
For eFPS filers, you may click this Job Aid in filing and payment thru said system.
3. If there is no payment:
Proceed to the RDO having jurisdiction over the local stock exchange and present the
duly accomplished BIR Form 2552, together with the required attachments.
Receive the BIR Form 2552 taxpayer's copy duly stamp received by the RDO
representative.
Note: "No payment" returns filed late shall be imposed the necessary penalties by the RDO, which shall
be paid at the concerned AAB.
When to File/Pay
For tax on sale of shares of stocks listed and traded through the local stock exchange (LSE)
within five (5) banking days from the date of collection
For tax on shares of stocks sold or exchanged through primary offering - within 30 days from
the date of listing in the LSE
For tax on shares of stocks sold or exchanged through secondary public offering - within five
(5) banking days from the date of collection
Tax Rates
Coverage
Basis
Tax
Rate
Persons exempt from VAT under Section Gross Receipts on sale or lease of goods, properties 3%
109 (W)
or services
Domestic carriers and keepers of
garages
3%
International Carriers:
International air/shipping carriers doing Gross Receipts from transpot of cargo from the
business in the Philippines
Philippines to another country
3%
Franchise Grantees:
Gas and water utilities
Gross Receipts
2%
3%
10%
Gross Receipts
Philippines
Banks and non-bank financing
intermediaries performing quasibanking functions
5%
1%
0%
7%
5%
5%
1%
2%
4%
5%
Gross receipts
18%
18%
Boxing exhibitions
10%
Gross receipts
Gross receipts
15%
Gross receipts
30%
Winnings or 'dividends'
10%
4%
10%
Sale, Barter, Exchange of Shares of Stock Listed and Trased through the Local Stock Exchange or
Through Initial Public Offering
Sale, barter, exchange or other
disposition of shares of stock listed and
traded through the Local Stock
Exchange other than the sale by a
dealer of securities [Sec. 127 (A)]
of
1%
Up to 25%
4%
2%
Over 33 1/3%
1%