BIR Form 2551Q are taxes imposed on individuals/businesses who sell/lease goods or services that are exempted from Value Added Tax (VAT) with annual sales not exceeding 3,000,000 PHP.

Currently, the updated version of this form comes with additional ATCs (Alphanumeric Tax Code) such as PT010, PT040, and many others.

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?

  • Taxpayers who are VAT-exempt with annual revenues not more than 3,000,000.00 (PHP)

  • Financial institutions such as banks, finance companies, agents of life insurance companies (foreign), and any related financial intermediaries

  • Franchisees of gas/water utilities, radio/TV broadcasting with revenue not more than ten(10) million pesos

  • Domestic and international air/shipping carriers

When to file?

Under Republic Act No. 10963, also known as the Tax Reform for Acceleration and Inclusion (also known as TRAIN Law), 2551Q forms shall be filed every 25th day after the taxable quarter.

Please take note that your tax forms will be sent electronically to the BIR until 9 pm. Any forms that will be sent beyond that filing deadline will be transmitted within 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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