---
title: "How to Complete Schedule 3 inside VAT Return"
description: "Learn more about filling out Schedule 3 inside the VAT return in JuanTax"
url: https://help.juan.tax/en/articles/124-how-to-complete-schedule-3-inside-vat-return
collection: "Capital Goods in JuanTax"
updated: 2024-11-14
language: en
---

# How to Complete Schedule 3 inside VAT Return

Learn more about filling out Schedule 3 inside the VAT return in JuanTax

When the net amount of your purchases or imports of capital goods exceeds 1 million pesos, a banner with the Schedule 3 button automatically appears.

![](https://juantax.intercom-attachments-7.com/i/o/273214367/02e256cef38fb9526c2b14e7/jwjAqofQ8WkODL6HIpLcVYhD0hCkpBJrB-dP0cCMPcf5f1WR1Yg1tN4y7xc5rDJu-XJeMno549Vjdwz9lhwBpjPO7LSr_EdIL0v9Ff1ScAwsPJZEupROwpg-gm1R7cEJEomTwapK?expires=1730690100&signature=f0607f03857a48eb4432dc13c6328d5d992215e7a4414b90fdc9dcdfaba6e026&req=dickFMh6nodYFb4f3HP0gC39JN89bRii9wwnGj8STwBMJDadPwBtc4tvtSwQ%0AyUw%3D%0A)

**STEP 1**: To start, simply fill out the form with the necessary information and then click the **Save** button.

![](https://juantax.intercom-attachments-7.com/i/o/273214376/8eedd3750ef665f8cb128323/uIFHvo_DugUPxJiJjKGu-cKloHdw3PitTnF2kldk5nrPuKKY0X3IbfHahcPBZl7lTyXRWcbYyyWPBx2TE84s108m6pVt2cZFKY1JR9jYvAKaNL1DonGRzm1IdgnzZi9bGwWYZyX_?expires=1730690100&signature=c288a06c7c364a0b4289279204491844a8f92ad180398efb63ea9a2a20e28e4f&req=dickFMh6noZZFb4f3HP0gHSXpAV%2B1l3TLh9gknBjQFfGR29prlDx8pjvtXcz%0Alk4%3D%0A)

**STEP 2**: This will then reflect on your VAT return’s Schedule 3.

**_NOTE_**: This screenshot is from a 2550M (line number 18C/D) tax form.

![](https://juantax.intercom-attachments-7.com/i/o/273214382/0dffb1e94d7ffe9cf4257ef6/bkAmohvDm4KRtMKgpKc8jiXojRsUc36BbIc2xpvDUh8xrgcZqP_aR6RHnZB2-Keu0eN4foedFusFgmGLTIxUY6RP9SLSdkfJRYO_je-To1Vs14Jm09NlwDNxPuVYkGElO0I-H-qx?expires=1730690100&signature=b3eca178c35b78645e30e28d04d33f96e409c72fcbe697df19a2a7679528f311&req=dickFMh6noldFb4f3HP0gJYX1MQniIwYRZljlrhSNOuQFe8epE9pa8dxGpui%0Acpk%3D%0A)

**STEP 3**: To view the summary of all your capital goods, along with the Amount, Balance of Input Tax, and Remaining Life, go to the **Amortization** tab.

![](https://juantax.intercom-attachments-7.com/i/o/273214383/0e0eb17a1f0f29426127f31f/Gi7upjcdlFQ0Wl_Gix1fyFNLPOOci1mmXo-FRSO0G_H5y7-2UMR8P9jIB8-4P7ZfuUKLjUnmINCZmJylhQ8A4l8EqKwSDLxn6L55SmF1YinLS_5lOxjXnippZZRMBLIYQHBqdIJK?expires=1730690100&signature=a40fd1d93c1d728181fd036a2d80e6d69aaccb3a837819d7dcf11d9cb6a653f0&req=dickFMh6nolcFb4f3HP0gD%2BIjsERHXbAs3s9TrEeTwapdtd1GPX%2Bun%2B4hvR4%0ALPE%3D%0A)

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**Important Reminder:**

On January 13, 2023, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 5-2023. This declares the removal of BIR Form 2550-M and states that taxpayers registered for value-added tax (VAT) are no longer required to file a monthly VAT declaration (BIR Form No. 2550-M) for transactions starting January 1, 2023, and must instead file the corresponding quarterly value-added tax return (BIR Form 2550-Q) within twenty-five (25) days following the close of each taxable quarter when the transaction occurred.

The table below is also included in this RMC to assist taxpayers.

![](https://downloads.intercomcdn.com/i/o/667315555/35708ece013ebd87eec4adfd/image.png?expires=1730690100&signature=f5f94f8804ade6f004c5382d4aa5e983437dd8378d29dd615057b7de58266f05&req=ciYgFch7mIRaFb4f3HP0gC%2BwOG7rzRPm4Cj%2BZ5IrNSevPc5dwugysNgWsTCF%0A5Ws%3D%0A)

The full version of this issuance is available on the BIR website.

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**What happens if I'm a Juantax user?**

We have added a banner to the tax form 2550M/Q to remind VAT-registered users about the BIR announcement.

![](https://downloads.intercomcdn.com/i/o/677852169/c83a9ce11d781293f846b8b3/image.png?expires=1730690100&signature=a48ab291a7181e8042cf5f7e79c072dc57a3f0aa2568aa539a098f1dd4fc8659&req=cicgHsx8nIdWFb4f3HP0gD%2BGkEFQVdGguFOxOLlo2wpJ8WmwPFhQiMQBlmpv%0Aj6k%3D%0A)

As you can see, the drop-down menu now only displays the quarterly filing months. The complete list of months previously shown has now been removed.

![](https://juantax.intercom-attachments-7.com/i/o/675606925/f8033f56202a7df45e0b21bb/9tybgvsP1we7YBUX_VtQC_pt8emx40J0symOaeLk741Sd3_1eYKbA5hoocPepEnVKlEn8pa0-_Rkn2yw41LXpZgXUndefd-hlrSLXIkxUOXrpcePCw9rBUKmX4CxKDaJq2E1fp_YUcpvzbl31WF3C1I?expires=1730690100&signature=162fa42e490666bae1422396cefc55606c0ec43aadc9a47dcab63b4f64ad5a1c&req=ciciEMl4lINaFb4f3HP0gN5Hq76tSvPA5XE%2BdnQafwWpxGmFneg0MsdMyXA6%0AhC8%3D%0A)

If you have any further questions, please contact us via email or by clicking the chat icon in the lower-right corner of any JuanTax page, and we'll be happy to assist! 💬

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**Helpful Links:**

[How to enter Capital Goods transactions in JuanTax (Transactions Module)](https://help.juan.tax/en/articles/1869048-how-to-enter-capital-goods-transactions-in-juantax-transactions-module.md)

[How to set up Capital Goods Carryover from the previous year](https://help.juan.tax/en/articles/4686879-how-to-set-up-capital-goods-carryover-from-previous-year.md)

[Disposal of Capital Goods](https://help.juan.tax/en/articles/1877557-disposal-of-capital-goods.md)

[Updated Rule on Amortization of Input VAT on Capital Goods based on TRAIN Law (RR No. 13-2018)](https://juan.tax/blog/rr-no-13-2018-vat-on-train-law/)