---
title: "JuanTax Exclusive: A Closer Look on Percentage Tax (2551Q)"
description: "Percentage Tax (2551Q)"
url: https://help.juan.tax/en/articles/213-juantax-exclusive-a-closer-look-on-percentage-tax-2551q
collection: "Financial Reports"
updated: 2024-11-14
language: en
---

# JuanTax Exclusive: A Closer Look on Percentage Tax (2551Q)

Percentage Tax (2551Q)

![](https://downloads.intercomcdn.com/i/o/204998285/2cdae79c7f2ac3c2f29b3897/image.png?expires=1730690100&signature=a228963cd2893dfcb77ebefd944c8b8cd4face77deff22ca78649694d3a58d97&req=diAjH8B2n4laFb4f3HP0gP5eVe7M0USlI2euxjM16tcCDCN2kyGa91g%2FDbOp%0AcvA%3D%0A)

## A list of important things you need to know about Percentage Tax

-   Percentage Tax is a business tax regulated in our country
    
-   Taxpayers who are Non-VAT with annual revenues less than PHP 3M
    
-   Filing of 2551Q is on or before the 25th day after the last quarter
    
-   Failure to pay BIR form 2551Q, individual will incur 12% interest based on their tax payables
    

[**Percentage Tax**](https://www.bir.gov.ph/index.php/tax-information/percentage-tax.html) is a business tax that is regulated in the Philippines which is imposed on individuals or businesses that sell/lease goods and services with annual sales not exceeding PHP 3 Million and is not VAT registered.

**Those who need to file percentage tax are any of the following individuals/business listed below:**

-   Individuals who are not VAT-registered with annual gross sales/receipts **not more than** **Php 3,000,000**
    
-   Individuals who lease residential units where monthly rentals exceed Php 15,000 but the aggregate of rentals is **not more than** **Php 3,000,000**
    
-   Individuals engaged in the following industries:Franchise grantees of gas/water utilities, radio/TV broadcasting with revenue, **not more than Php 10,000,000 Million** and did not opt to register as VATCars for rent and hireDomestic and international air/shipping carriersBanks and Non-Bank intermediaries Individuals, company, or corporations doing life insurance Fire, marine, or agents of foreign insurance companies Operators and/or lessee of cockpits, clubs, exhibitions, pro-basketball games, racetracks, Jai-Alai, music lounges under the RMC No. 18-2010
    

[See Full Article](https://juan.tax/blog/juantax-exclusive-a-closer-look-on-percentage-tax-2551q/)

  
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