On April 25, on the deadline of filing the Quarterly Percentage Tax Form, the BIR released RMC 26-2018 which has the new 2551Q form and the submission procedures for manual, eBIRForms, and eFPS.
The new 2551Q Form now has a field where you can indicate whether you’re opting for the 8% Flat Income Tax Rate. Also, SPOILER ALERT: 2551Q is not yet updated on eBIRForms and eFPS.
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So for the procrastinators who put off their tax filing until the very last day of the deadline, congratulations! 😉
For the rest of us, it’s unlikely that the BIR will penalize us for not using the new 2551Q form when we submitted given the timing when they released this RMC. Moving forward, though, we have to make sure we’re filing this new one. The next deadline is on July 2018.
While we’re on the topic, if you missed filing your 2551Q, then you may no longer be eligible for the 8% Flat Income Tax Rate anymore. Basing on RR 08-2018, you had to make sure you filed your 2551Q on time. You can read more about our breakdown of that RR and how to opt in to 8% by visiting this article.
Having said that, there is a glimmer of hope. We noticed that the RDO’s are implementing things differently. If so, perhaps your RDO doesn’t see missing your 2551Q filing as a reason for ineligibility. To be sure, it would be best to call your RDO.
We here at Taxumo are constantly updating ourselves with the latest forms and procedures so you don’t have to! Sign up to Taxumo now to start focusing on your passion instead of worrying about your taxes!
Hi good pm ask ko lang po.. so d na po magfifile ng 2551M monthly?
Quarterly na lang po? thanks
According to the BIR RDOs, yes no need. HOWEVER, please do check with your RDO to be sure. We’re hearing reports that some RDO’s seem to be implementing things differently. It’s confusing, I understand – but it is what it is (and with your support and patronage, something we can fix!) 😀
We are non vat homeowners association and previously using 2551M and 1702RT. Do we need to comply on the quarterly payment or just the yearly payment? What forms do we need to use under the train law. Thank you so much for your help.
You have to comply with the quarterly payments. 🙂 You can read our other articles here about TRAIN to understand what else would impact you. Do note that most of these articles are aimed towards self-employed individuals so they might not be applicable in your case.
Hi I am an insurance agent. I first filed my 2551Q last quarter of Dec 2020. My first 2551Q filed via BIR app was done last April 20., then got an acknowledgent email as well. But upon checking in the system,whenever I want to view it, the blanks showing ‘undefinned’ ( coz I want to check it before I file for thie Q2 of 2021).What does it mean?
Moving forward, Is my gross sales is the amount I need to encode in page 2, under PT010 with 1% ,am I right?Because there are 2 PT010 in the alphanumeric section, the 3% and the 1% (just want to make sure)?!because I read about the CREATE LAW.
Kindly assist with my queries.
Thank you.
Hello Sir EJ, I have one question though, should I still file the 2551Q if I already opt-in for 8% gross receipt tax? I’m still confused with this. Thank you in advance.
If you opted in to 8%, then there should be no need. However, the RDO’s may be implementing this differently so best for you to check with your RDO and ask. Thru Taxumo you can file 2551Q’s even if you’re on 8% — they’ll be zero tax forms.
hi, good day ask ko lng po sana pag sole prop. po and may branch sa ibang RDO pwede po ba na e consolidated sa main branch ang filing ng taxes?
thank and god bless!
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what is the difference of 2551Q from 2551Qv2018?
My sister from the province owns an apartment and registered as non vat tax payer in NCR (TIN 000) and she’s paying the 3% percentage tax. however, she started a rice trading business located in the province where she resides – other RDO (TIN 001), is rice trading subject to the 3% percentage tax? Can the returns (2551Q and 1701Q) be filed separately (different nature of businesses & RDO) OR the returns should be consolidated in the 1st RDO? Please advise. Thanks.
Hi! It said that if one opted to 8% income tax, he/she will no longer need to file/pay percentage tax. What if that one became BMBE-registered within the same year which made him/her exempted to paying income tax? Will he/she needs to file/pay percentage tax again? Will he/she be penalized for not filing/paying percentage in the months he/she was not yet BMBE registered?
Under create law, di po ba covered ng 3% to 1% change yung non vat prof who opted 8%?
Hi Claire, no it’s not covered. If you opted for 8%, you only file for income tax. That means that you won’t have to file Percentage Tax for the 8% income tax rate.
Hi I am an insurance agent. I first filed my 2551Q last quarter of Dec 2020. My first 2551Q filed via BIR app was done last April 20., then got an acknowledgent email as well. But upon checking in the system,whenever I want to view it, the blanks showing ‘undefinned’ ( coz I want to check it before I file for thie Q2 of 2021).What does it mean?
Moving forward, Is my gross sales is the amount I need to encode in page 2, under PT010 with 1% ,am I right?Because there are 2 PT010 in the alphanumeric section, the 3% and the 1% (just want to make sure)?!because I read about the CREATE LAW.
Kindly assist with my queries.
Thank you.
How to a avail 8/% optional
hello sir i would like to ask my employer impose with holding tax, in our monthly salary or PF and they ask as to acquire Sworn affidavit for having 8 percent deduction during the registration we tick the portion in form 1901 that we are availing 8 percent tax, then BIR issued to us our COR but in COR still shows that in 4th quarter filling we will file the 2551Q which is percentage tax, is it normal? or we can fill up the 22551Q and we will select the 8 percent instead of percentage tax? if we do this, procedure is this will lead to an open case or is it just normal procedure. thanks for replying this..
Sir, I have a small optical clinic. I am faithfully paying my percentage tax every quarter. I was not aware that the percentage tax was reduced from 3% to 1% until this week. Can I still amend my percentage tax return from the 3rd quarter of 2020 to 4th quarter of 2022? The excess payment for the whole period is about P23K which is aa big amount for a small clinic such as ours. Thank you for any reply.
Hello Felix,
Good day!
If you are filing via Taxumo, the calculation of percentage taxes is already set to 1% so you don’t have to worry about re-calculating your tax dues again.
What’s even better is if you’ve filed your percentage tax forms since Q3 2020 with us, Taxumo will compute all the excess you paid. And, we’ll use those as credits for the Q1 2551Q deadline on April 21.
Hello. I’m a new registered business owner last march 23, 2023. How can I compute my percentage tax and my quarterly tax?
Hello Norie,
Good day!
Perhaps this article will help explain how your Income Tax is computed.http://help.taxumo.com/en/articles/2762650-how-are-my-income-taxes-computed
For Percentage Tax computation, you may seek a guidance of a CPA so you can be properly guided of this. You can book for a consultation session here: https://www.taxumo.com/taxumo-consult/
With Taxumo, all you have to do is input the details relevant to filing and your account will automatically compute your tax due 🙂
Hello! I just registered my business June 27, 2023. Opted in to 8%. So I am currently required to file the ff:
-1701/1701A – ANNUAL INCOME TAX RETURN FOR INDIVIDUALS EARNING INCOME PURELY
1701Q – QUARTERLY INCOME TAX RETURN
-PERCENTAGE TAX – QUARTERLY
2551Q – QUARTERLY PERCENTAGE TAX RETURN
-REGISTRATION FEE
0605 – PAYMENT FORM
Taxumo is showing I have a tax due for CY 2022 which is already late for filing and has a 1000 compromise amount. Do I NEED to file that? I don’t understand since the next filing for me should be due on August, or I’m mistaken? Thank you
Hello Alex,
Good day!
There’s no need to file the 2022 Annual Income Tax Return since this is not yet applicable for you. You may simply HIDE the card to avoid confusion on your Current Filings tab. 🙂
What is the tax percentage for the second quarter of 2023
Hello Raymond,
Good day!
Percentage tax rate for Q2 is still at 1%. The 3% rate will start at Q3 of 2023. 🙂
Question: what if i failed to pay my quarterly percentage tax on time, it is ok to pay it
Online? With out going to BIR?
Hello Taxi,
Good day!
You can conveniently file your late filings via Taxumo without going to your RDO. Sign up for your FREE Taxumo Account today! Click here to get started: https://txmo.co/sign-up-now and avail our subscription plans here: https://www.taxumo.com/taxumo-pricing/ 🙂
Hi! I just registered last May 15, 2023 my business. Accdg to my COR the taxes Ineed to file for are: annual income tax, individual imcome tax and percentage tax but my gross annual income is less than Php250.000. Read somewhere that under TRAIN law this is an exemption for paying said taxes. Do I still need to file for these taxes or not? I am getting confused here. Will greatly appreciate your help on this matter. Tnx!
Hello Dean,
Congratulations on registering your business!🍻 While there are exemptions under the Tax Reform for Acceleration and Inclusion (TRAIN) law, you may still need to file tax returns for your business. Even if your gross annual income is below Php250,000, you might need to file an individual income tax return if you have other sources of income exceeding the threshold. Similarly, businesses with gross sales under Php3,000,000 are exempt from percentage tax, but it’s wise to confirm with your local tax authority.
Regards,
Millicent
Hi! I’m just new with this 2551Q filing thing. If I did not have any income for a whole quarter, do I still have to file this? Cause I did that for form 1701Q where I just put zero. And also, do you recommend using eBIR forms for filing 2551Q?
Hi Reese,
Absolutely, we’re here to help! Could you please send us a copy of your Certificate of Registration? You may send it via customercare@taxumo.com.
Talk to you soon!
Hi, I have the same situation millicent, I just registered my business last May 3rd but got zero sales. Do I need to file percentagetax?
Hello Angelica,
Yes you should file for Q2 percentage tax and income taxes even if you have 0 sales. 🙂
Hello! I did not have any income for 1 of the quarters so I tried putting zero in EBIRforms, but it doesn’t seem to work for the 2251Q form. Is that an error in their system? Should I just file it manually? I would really appreciate your advice on this.
Hello Reese,
We’re not quite sure about this but when you file 0 filing in Taxumo. It will be very easy for you. I wanted to let you know about our awesome FREE onboarding sessions. These sessions are designed to help you kick-start your tax filing and payment journey with Taxumo. It’s a fantastic opportunity to learn about all the cool features that Taxumo has to offer.
If you’re interested, you can reserve your spot for the onboarding session by clicking on this link: https://calendly.com/consultnow/onboarding?month=2023-06! We’ll make sure to save you a slot! 😊
I have been opting for the 8% income tax rate, and upon reviewing my Certificate of Registration (COR), it indicates that I need to file forms 0605, 2551Q, 1701Q, and 1701. However, I haven’t been filing 2551Q for several years since I started with the 8% income tax rate. May penalty po ba? Or do I need to file the 2551q talaga?
Hello Jen,
Good day!
Even if naka 8% po tayo, we are still required to file the form 2551Q under ZERO dues unless pinatanggal na natin yung form 2551Q sa COR natin. 🙂
I have been opting for the 8% income tax rate, and upon reviewing my Certificate of Registration (COR), it indicates that I need to file forms 0605, 2551Q, 1701Q, and 1701. However, I haven’t been filing 2551Q for several years since I started with the 8% income tax rate.
I recently discovered that although my Certificate of Registration (COR) indicates percentage tax, my Statement of Income Payments, Exemptions, and Deductions (SD) reflects an 8% tax rate. This has left me confused about my tax classification. Additionally, my COR specifies the filing of BIR Form 1701, but there’s no mention of 1701A.
I’m seeking clarification on whether the 8% tax rate in my SD overrides the percentage tax indication in my COR. Also, I’d like guidance on the difference between filing BIR Form 1701 and 1701A, as my COR only mentions the former.
Hello Jen,
If the form 2551Q is indicated in our COR, we are still required to file it under ZERO dues unless we updated our COR and have this form removed.
For the form 1701A this is being submitted by individuals/business owners under 8% rate or Graduated Income Tax with OSD deduction method. The form 1701 is for individuals or business owners who are using the Itemized Deduction method or mixed income earners. 🙂
Hi, can I still shift form OSD to 8% for late filing ?
No filings made for 2023.
Thank you
Hi Krisheen! For this, you will need to choose graduated income tax. Hindi po pwede ang 8% if late na po ang filing 🙂
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