Percentage tax is a business tax imposed on persons, entities, or transactions specified under Sections 116 to 127 of the National Internal Revenue Code of 1997 (also known as Tax Code), as amended, and as required under special laws. It is filed thru BIR Form 2551Q Quarterly Percentage tax return due every 25th day following the close of a taxable quarter.
Documentary Requirements
· BIR Form 2551Q - Quarterly Percentage Tax Return Form
· 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
· Copy of Certificate of Registration issued by Cooperative Development Authority for cooperatives, and from the National Electrification Administration for electric cooperatives
Procedure for filing
For Manual filing and/or payment:
· Download the newly-revised BIR Form 2551Q pdf file format under the BIR Forms-VAT/Percentage Tax Returns section of the BIR website.
· Properly fill-up BIR Form 2551Q in triplicate copies.
· 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 2551Q and other requirements. If paying manually, present the aforementioned documents together with BIR-prescribed deposit slip, and payment to the respective AAB. The Quarterly 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 Revenue Collection Officer (RCO), thru the Mobile Revenue Collection Officers System (MRCOS) facility, or duly Authorized Treasurer of the city or municipality where said business or principal place of business / where the taxpayer is registered, who will issue an Electronic Revenue Official Receipt (eROR).
· Receive copy of BIR Form 2551Q duly validated/stamp-received by the AAB/RCO/authorized City or Municipal Treasurer.
· Manual Filers who want to pay online can pay through GCash Mobile Payment, LandBank of the Philippines (LBP) Linkbiz Portal (for taxpayers who have ATM account with LBP/Bancnet ATM or Debit Card), or DBP Tax Online (for holders of VISA/Master Credit Card/Bancnet ATM or Debit Card).
For eFPS filing and/or payment:
· Use the existing and enhanced old BIR Form 2551Q in the eFPS system which contains all the alphanumeric tax codes (ATCs) enumerated in the said form in filing the return.
· Taxable amount to be indicated in the quarterly percentage return shall be the total gross sales/receipts for the quarter.
· In case percentage taxes for the first, second and/or third month of the quarter had been paid, payment/s made are to be reflected in BIR Form 2551Q in Item No. 20A-Creditable Percentage Tax Withheld per BIR Form 2307.
· After e-filing, proceed to online payment by clicking the proceed to payment button and pay the quarterly percentage tax due.
For eBIRForms filing and/or payment:
· Use the existing enhanced old BIR Form 2551Q in Offline eBIRForms Package V7, which contained all the alphanumeric tax codes (ATCs) enumerated in BIR Form 2551M in filing the return.
· Taxable amount to be indicated in the quarterly percentage return shall be the total gross sales/receipts for the quarter.
· In case percentage taxes for the first, second and/or third month of the quarter had been paid, payment/s made are to be reflected in BIR Form 2551Q in Item No. 20A-Creditable Percentage Tax Withheld per BIR Form 2307.
· 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 and other requirements. If there is payment that will be done manually, present the aforementioned documents together with BIR-prescribed deposit slip, and payment to the respective AAB. 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, thru the MRCOS facility, or duly Authorized Treasurer of the city or municipality where said business or principal place of business / where the taxpayer is registered, who will issue an Electronic Revenue Official Receipt (eROR).
· eBIRForms Filers who want to pay online can pay through GCash Mobile Payment, LandBank of the Philippines (LBP) Linkbiz Portal (for taxpayers who have ATM account with LBP/Bancnet ATM or Debit Card), or DBP Tax Online (for holders of VISA/Master Credit Card/Bancnet ATM or Debit Card).
Note: "No payment" returns filed late will result on imposition by the RDO of penalties, which shall be paid at the concerned AAB.
Source: https://www.bir.gov.ph/index.php/tax-information/percentage-tax.html
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