Instead, they will file the corresponding Quarterly VAT Return (BIR Form No. 2550Q) within twenty-five (25) days following the close of each taxable quarter. VAT-registered taxpayers were relieved at ...

Instead, VAT-registered taxpayers need only file quarterly VAT returns (BIR Form No. 2550Q). Revenue Memorandum Circular (RMC) No. 5-2023 provides for the transitory provisions for the ...

In line with this change, the BIR issued RMC 59-2023 on May 19, 2023 to announce the availability of the revised BIR Form No. 2550Q (Quarterly Value-Added Tax (VAT) Return). The revised BIR Form ...

“Despite this leniency imposed by the Commissioner, the filing of ‘BIR Form 2550Q’ and payment of VAT must still be made within 25 days following the close of each taxable quarter.

However, the quarterly filing of BIR Form No. 2550Q and payment of VAT must be made within 25 days following the close of each taxable quarter. The value-added tax rate on the sale of goods and ...

With the said provision, the BIR said VAT-registered taxpayers will now file their corresponding Quarterly Value-Added Tax Return or BIR Form No. 2550Q within 25 days following the close of each ...

In presenting and declaring the Output VAT credit in the BIR Form 2550Q, the seller and buyer shall follow this work-around procedure, or until such time a new version of the aforementioned form ...