5 Number of sheets attached
Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name
8 Line of Business/
11 Registered Address
13 Are you availing of tax relief under Special Law
or International Tax Treaty?
Computation of Tax
19 Total Tax Due
Less: Tax Credits/Payments
Creditable Percentage Tax Withheld Per BIR Form No. 2307 (See Schedule 1)
Tax Paid in Return Previously Filed, if this is an Amended Return
Total Tax Credits/Payments (Sum of Items 20A & 20B)
22 Tax Payable (Overpayment) (Item 19 less Item 21)
24 Total Amount Payable/(Overpayment) (Sum of Items 22 and 23D)
If overpayment, mark one box only:
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.
President/Vice President/Principal Officer/Accredited Tax Agent/
(Signature Over Printed Name)
Title/Position of Signatory
TIN of Signatory
Tax Agent Acc. No./Atty's Roll No.(if applicable)
(Signature Over Printed Name)
Date of Issuance
Title/Position of Signatory
TIN of Signatory
Details of Payment
27 Cash/Bank 27A
Machine Validation/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank)
and Date of Receipt
Bank Teller's Initial)
BIR FORM 2551M (ENCS)-PAGE 2
Tax Withheld Claimed as Tax Credit
Name of Withholding Agent
Total (To Item 20A)
Percentage Tax On:
ALPHANUMERIC TAX CODE (ATC)
Persons exempt from VAT under Sec. 109v (Sec. 116)
Domestic carriers and keepers of garages
Franchises on gas and water utilities
Franchises on radio/TV broadcasting companies whose
annual gross receipts do not exceed P 10 M
Tax on banks and non-bank financial intermediaries performing quasi
1) On interest, commissions and discounts from lending
activities as well as income from financial leasing, on
the basis of remaining maturities of instruments from
which such receipts are derived
Maturity period is five (5) years or less
Maturity period is more than five (5) years
2) On dividends and equity shares and net income of
Percentage Tax On:
On royalties, rentals of property, real or personal, profits
from exchange and all other gross income
On net trading gains within the taxable year on foreign currency,
debt securities, derivatives, and other financial instruments
Tax on Other Non-Bank Financial Intermediaries not performing quasi-banking functions
On interest, commissions and discounts from lending activities
as well as income from financial leasing, on the basis of remaining
maturities of instruments from which such receipts are derived
Maturity period is five (5) years or less
Maturity period is more than five (5) years
PT 115 2) From all other items treated as gross income under the code
PT 120 Life Insurance premium
Agents of Foreign Insurance Companies
a) Insurance Agents
b) Owners of property obtaining insurance directly
with foreign insurance companies
BIR Form No. 2551M Percentage Tax Return
Guidelines and Instructions
This return shall be filed in triplicate by the following:
Persons whose gross annual sales and/or receipts do not exceed P1,500,000
and who are not VAT-registered persons.
Domestic carriers and keepers of garages, except owners of bancas and
owners of animal-drawn two wheeled vehicle.
Operators of international air and shipping carriers doing business in the
Franchise grantees of gas or water utilities.
grantees of radio
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
Banks, non-bank financial intermediaries and finance companies.
Life insurance companies.
Agents of foreign insurance companies.
"Gross receipts" means all amounts received by the prime or principal
contractor, undiminished by any amount paid to any subcontractor under a
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.
The return shall be filed with any Authorized Agent Bank (AAB) within the
territorial jurisdiction of the Revenue District Office where the taxpayer is
required to register/conducting business. In places where there are no AABs, the
return shall be filed with the Revenue Collection Officer or duly Authorized City
or Municipal Treasurer within the Revenue District Office where the taxpayer is
required to register/conducting business.
A taxpayer may, at his option, file a separate return for the head office and
for each branch or place of business or a consolidated return for the head office
and all the branches except in the case of large taxpayers where only one
consolidated return is required.
There shall be imposed and collected as part of the tax:
A surcharge of twenty five percent (25%) for each of the following
Failure to file any return and pay the amount of tax or installment due
on or before the due date;
Unless otherwise authorized by the Commissioner, filing a return with
a person or office other than those with whom it is required to be filed;
Failure to pay the full or part of the amount of tax shown on the return,
or the full amount of tax due for which no return is required to be filed
on or before the due date;
Failure to pay the deficiency tax within the time prescribed for its
payment in the notice of assessment.
A surcharge of fifty percent (50%) of the tax or of the deficiency tax, in case
any payment has been made on the basis of such return before the discovery
of the falsity or fraud, for each of the following violations:
Willful neglect to file the return within the period prescribed by the
Code or by rules and regulations; or
In case a false or fraudulent return is willfully made.
Interest at the rate of twenty percent (20%) per annum, or such higher rate as
may be prescribed by rules and regulations, on any unpaid amount of tax
from the date prescribed for the payment until the amount is fully paid.
Certificate of Creditable Tax Withheld at Source, if applicable;
Duly approved Tax Debit Memo, if applicable;
For amended return, proof of the payment and the return previously filed;
All returns filed by an authorized representative must attach authorization
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. In places where there
are no AABs, payment shall be made directly to the Revenue Collection Officer or
duly Authorized City or Municipal Treasurer who shall issue a Revenue Official
Receipt BIR Form No. 2524) therefor.
Where the return is filed with an AAB, taxpayer must accomplish and submit
BIR-prescribed deposit slip, which the bank teller shall machine validate as
evidence that payment was received by the AAB. The AAB receiving the tax
return shall stamp mark the word “Received” on the return and also machine
validate the return as proof of filing the return and payment of the tax by the
taxpayer, respectively. The machine validation shall reflect the date of payment,
amount paid and transactions code, the name of the bank, branch code, teller’s
code and teller’s initial. Bank debit memo number and date should be indicated in
the return for taxpayers paying under the bank debit system.
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.
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.
Note: All background information must be properly filled up.
All returns filed by an accredited tax representative on behalf of a taxpayer
shall bear the following information:
A. For CPAs and others (individual practitioners and members of GPPs);
a.1 Taxpayer Identification Number (TIN); and
a.2 Certificate of Accreditation Number, Date of Issuance,
and Date of Expiry.
B. For members of the Philippine Bar (individual practitioners, members
b.1 Taxpayer Identification Number (TIN); and
b.2 Attorney’s Roll Number or Accreditation Number, if any.
Nos. 1, 2 and 3 of this form refer to transaction period and not the date of
filing this return.
The last 3 digits of the 12-digit TIN refers to the branch code.
TIN = Taxpayer Identification Number
2. Certification on number of shares of trustees certified by corporate secretary