BIR Form 2550M is a form of sales tax that is imposed on sales or exchange of goods and services in the Philippines. Serving as a form of indirect tax, VAT is passed on to the buyer who consumes the product/service.

How to file?

Visit this link e-Filing your Taxes to the BIR from our Help Center for a step-by-step guide on how to e-File and e-Pay your taxes using JuanTax Fast File.

Once your tax form has been filed and paid using JuanTax Fast File, there are two separate tabs you can visit to view your return's Tax and Payment confirmation.

Who needs to file?

Individuals or businesses who sell or lease goods or services that are subject to VAT, and if the amount of their annual gross sales/receipts exceed P3,000,000.00.

When to file?

Not later than the 20th day following the end of each month.

Please note that your tax forms will be sent electronically to the BIR until 9 PM. Any forms that will be sent beyond the filing deadline will be submitted the next business day.

For the updated tax deadline, please visit this page:

https://www.juan.tax/blog/extended-deadlines-of-tax-returns

Helpful Links:

Buying Credits for JuanTax Fast File

Tracking your credits in JuanTax Fast File

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