Guide on How to file Quarterly VAT Returns BIR Form 2550Q

Correction on the amounts written and the amounts spoken. The written amounts prevail.

[@rubypaw6531]

Ma'm good morning po itatanong lng po kung ang line of business nia renting/leasing services of residential properties ano gagamit ATC VB010 po ba May purchase po kaming air con at iba (airbnb ang business namin 1st time po kmi nag file ng 2250q

[@gabriellajumao-as4661]

Napa clear and concise po ng info na sinishare niyo po. Maraming salamat po. 😃

Thank you po.

[@amelitagerado4660]

ang concern ko is sa construction business because our family is planning to engage in that kind of business…

[@lifeisgreat1460]

always thankful to watch your KZbin channel, specially I'am a new beginning in lending and finance business

Thank you

[@rosekit1631]

On the next period filing of VAT return in what item number in the form do we place negative payment reported on the example quarter. Thank you

[@julieannramirez-ei2fn]

Good day Maam. Asking permission to share this video to my students.

[@markjawtee1884]

marami po ako gustong malaman at matutunan, sana po matulungan nyo po aq 2yrs pa lang po business namin salamat po

[@maureenhufalar7027]

i enjoyed watching all your videos,,, very educational and helpful.. mam i am new in the construction business, i just want of ask- do i have to file 2550m and the other forms individually sa lahat ng branches ng aking business OR do i file only consolidated on my main 000 tin number. salamat

I stand corrected. The written amounts prevail. Pasensiya na po. Malabo ang mata. di nakikita mabuti ang figures.

[@jenelynbabar7738]

new lang po kase ako mag book keeper ng own bisnes

[@MissAnnging]

ano po yong example sa mga purchases not qualified for input tax

[@JulieAnnSapunto-zh3pk]

Good day Ma'am asking permission to share this video to my students.

[@lolabessy-anglolangmasa]

Ask lnh.pp may client po may transport bsns VAT.REG accrideted.sa.LAZADA. ..may.mga accirdeted driver under SA KANYA..need ba na VAT REG dn iaaply ng mga under sa kanya...thanks ppo sa.mga kaalaman

[@lydiaalontedelpilar1690]

mat tutorial po ba ng relief submission

[@graciapadilla3259]

Hi maam water refilling station ano o ATC po

[@posh1238]

Efps version please, especially po ung input ng capital goods.. 2 months po sana..pra mkita po ung pag amortized ng input..

[@amelitagerado4660]

Good evening Ms. Elsa.. what if zero income pa din but need to file tax

[@ma.shienagapo845]

Pag mag late filing po ng sales, pwede pa po ba ihabol e claim po yung EWT na nacollect from customer same quarter din po ng di pa na report na sales?

[@jaysonabenido23]

non vat po mga customer namin so walang input tax claim po ako? anu po pede maless dun para lumiit vat tax due ko

[@lailaniejimenez]

Hello po maam. Paano po yung sales to goverment namin iba ang deduction sa vat.

[@rosielasquites2497]

Hi ma'am paano kung wala nman TIN # ung mga resibo na mga purchase na product ko

[@drprommelrepairshopairconr1829]

Magkanu vat returns

[@nickolsonhardware4250]

Hi Mam, Vat registered, bir compliance - 3M yearly sales Now 2022- my Sales for Jan to June is less than 1m nalang humina po ang sales ko, malabo na po itong makarating ng 3m pano po ito?

[@pithecophagajefferyi7460]

Ganito po ba ang schedule ng filing ng VAT? January - 2550M for December February - 2550M for January March-- 2550Q for 1st Quarter April - 2550M for March May - 2550M for April June - 2550Q for 2nd Quarter July - 2550M for June August - 2550M for July September - 2550Q for 3rd Quarter October - 2550M for September November - 2550M for October December - 2550Q for 4th Quarter

[@chin7073]

Maam hello po, saan po ba ilalagay ang vat payments ng july and august kung for 3rd quarter ang ifafile na vat return

[@ac.financewellness]

Mam, subscriber nyo po ako. Ask ko po sana ano pong ATC ng sales from quarry products which is gravel and sand po.? Salamat po

[@erniebriones3149]

Ma'am good morning, regarding sa building purchase. Paano po eh plot sa 2550q. 436milyon. 872,000 monthly for 60 months

[@arenaren3077]

sir, paano yong 26b - tax witheld, meron kasi ako? ang nakalagay pag gamitin ko "please enter a valid year for the return period. only values 2000 and beyond will be accepted". tama naman yong valid period ko kasi "calendar" sini select ko sa year ended

[@mineliormalabedjr2909]

Ma'am pede ba e apply ung overpayment ng VAT ng 2021 as tax credit for 2022. Kung pede paano po gawin ito. Salamat po.

[@johnsalazar7101]

Ask naman po, required pa ba ang subsidiary sales journal and purchase book kahit nasa pos system na? thank you

[@CMCASIT]

GUD AM PO MAM. YUng VAT REGISTERED kailangan pa ba mag bayad ng percentage tax

[@helenlayagan6386]

Hello po ma'am, sa 2550q form, san po ilalagay ang creditable tax withheld per bir form 2307 from previous quarters, creditable tax withheld for bir form 2307 for the fourth quarter and income tax payment under regular rate from previous quarters? Or hindi na kailangan ilagay? Still learning po how to fill it up and I'm really confused⁉️.Thank you very much.

[@rolando-wt6qv]

every time ba na file ka ng 2550q need to attach purchades inv

[@benjaminaguilera941]

San po ako pwede mag aral ng as agent commission basis na mag libro ng sales at purchases

[@basictransferpricingphilip2220]

Agent is considered as service business. Tingnan po ninyo ang video natin for Bookkeeping For Service Business.

[@YannahBella0204]

Thanks po❤

[@andrewlucero8180]

pwede ba e reimburse ang witheld tax from sales sa 2550Q filling?

[@maureennavarette9768]

saang part po ilalagay kapag meron ka sobra (over payment) po ng vat remittance? doon po ba sa others?

[@analizanavarro2213]

If 6 pesos lang Ang descrepancy sa binayaran mag pa amend pa rin po ba

[@louieabadines6663]

thank you

[@maricelcalica5164]

Hi ma'am Paano po kung ung taxpayer ay dating nonvat at by the last month of the year Dec. 2020 na meet na po ung 3M na threshold para siya ay Vat na at nakaupdate po siya ng certificate niya by Jan. 2021. Ano pong return ang kailangan niyang efile? Magfifile po ba kami ng 2551Q for the Oct & Nov. AT 2550Q for Dec? or 2551Q for 4th qtr at next yr na siya magfile ng 2550M kasi karegister lang ng Jan. 2021 as VAT?

[@xVxPORx]

Goodmorning mam ask ko lng po kc nag file ko dec 2 2020 sa bir and nabgyn po ako official reciept ng sa printing january 2021 na po..kelan po ako magbbyad ng 1st quarter as a percentage tax payer.ty

[@gabriellajumao-as4661]

Hi Ma'am,. Sana po may entry sa schedule 4 dahil may sales sa government.

Oo nga . Sorry po.

[@mineliormalabedjr2909]

Maam ung Tax Due sa VAT Accrual ba o Cash Basis meaning ung mga paid sales and purchases lang ang e declare.

[@marivic454]

paano po kaya kapag late naibibigay ang mga resibo ng purchases ang due june 20 pero d pa rin mai provide ang mga docs pwede po ba i zero ang para sa june ?

[@anthonymendoza1734]

Pano po pag non vat yung supplier?

[@andrewlucero8180]

saan item sa form mo siya e input?

[@marizacruz9024]

Ma'am hope you can discuss further on how to present in the VAT return the sales to govt.,the 7% standard input tax and the 5% vat withheld (bir form 2306).thank you

Noted po.

[@lourdesfernandez2135]

Hi maam sana po mamaya ma discuss nyo po paano gawin sched 4 and sched 8 kasi naguguluhan po ako may lumalabas pa din ako vat payable which is dapat wala kasi purely sales to govt lbg po kami last nov

[@martinaaquino3066]

Mam thanks for the info much appreciated..mam ask ko lang po sana kung ang food and beverages revenue sa isang hotel po ba hindi na need na set up ng vat sa mga menu pra sa POS?

[@lealadislao2979]

hi maam ano po ang ATC kung ang business niya is packaging consultant po under professional po. salamat po

[@eliezerarcega9170]

Very Nice Guide on VAT, thank you, ask ko lang po, I was a Registered Non VAT operating a Gen. Mdse since 2018, Gabaldon, Nueva Ecija on January 2021 I decided to put up a Fuel Station adjacent to my store, I enter a agreement with a Contractor to built a Fuel Station in the amount of P2M package deal, I paid the contractor 4 equal payment of P500,000.00 on Jan, May, June, & July 2021 & finally completed, On June 10, 2021 upon the recommendation of my Bookkeeper, I change my COR from Non VAT to VAT which was done accordingly, I file my last 2551-Q 2nd-Q and start to file 2550M & now my 1st 2550Q my Gen. Mdse ay main, while the fuel station as branch just open for business Aug. 18, 2021, please help me, how to claim my input tax in my Capital goods amounting to P2M., PLEASE 😪

SA VAT we have rules na pag ang purchases mo over 1Million hindi pwede na outright claim ang VAT. Iamortize mo as to the term of the contract or life of the asset whichever is shorter. Example kung ang contract mo is 3 years, 36 months mo pwede iclaim ang VAT input. Provided ang naissue na resibo sa yo is VAT receipts. Kung ang life naman ng construction is 2 years, shorter than the term of the contract, then ang input mo pwede iclaim for 24 months.

[@conyotutorials3253]

Pano po yung may mga 2307. Saang part po siya ilalagay sa 250Q?

[@feldarmiron9492]

Hi, until when pwede mag ammend ng VAT transactions? For example ay yung transactions ng 2020, until when pwede iammend yun?

[@leonardomanansalajr3764]

good day maam,, paano po mag ng zero income sa 2550Q thanks po

[@successpinoytv5939]

Mam ask lang po. Paano po kung Zero po tax ko sa 2550Q kailangan pa po bang isubmit sa BIR po. Salmat sa sagot po. God bless.

[@lindasantos1231]

mam question what if iamend ko 2550q kasi napansin ko kulang nalagay kong details sa vat exempt? wala mababago sa dues may penalty pa rin ba yun?

[@kittalandrata4640]

Hi Ma'am! Verify ko lang po if it is right to reflect carry over of july to aug then the total negative vat payable carry over to Sept? Wala pa kasing output vat, so mostly input vat pa lang at puro carry over. Na confuse po ako kasi nakita ko ang previous 2550 negative income ay nsa carry over slot na upon filling up. Please give me insight on this matter po. Thank you so much!

[@shirleyespinosa1196]

Di ko po maintindihan ang computation ng sale to govt. Pwede po ba in detailed? Salamat po.

Ang sale to government po ngayon same na rin sa private sales kasi creditable na ang withholding ng sale to government.

[@hersheylee3869]

Hi maam Elsa, may i know po kung yung mga purchases sa Lazada at sa Shopee ay pwedeng ilagay sa purchases?

[@clarkbarjaprojects]

Hi maam Elsa newbie here and your subscriber , our tax type enumerates: Income Tax VAT Withholding Tax - expanded/oth registration fee withholding tax - compensation What bir forms do i need to prepare monthly and quarterly and annually and its corresponding deadline para po di ako ma penalty? Sana po you reply para sa mga bagong bookeeper na katulad ko

[@amelitagerado4660]

good day! viewers

[@tokmol5299]

SAAN PO YAN MAKIKITA OR MAKUKUHA MISMO KASE DI KO PO MAKITA

[@benjaminaguilera941]

Pano ko gagamitin yung binawas na 12% vat na binawas sa comm as realty agent

[@basictransferpricingphilip2220]

Kung VAT registered po kayo pwede ninyo gamitin as input tax, ibawas ninyo sa VAT due. Pero kung NonVAT po kayo, isama ninyo as expense against income tax dahil hindi po ninyo magamit sa VAT. Kung VAT registered taxpayer kayo, sa VAT due nyo lang pwedeng gamitin. Sa income hindi pwedeng ideduct.

[@princessferdiannajanepenaf1806]

Good evening ma'am, May ask if is it okay not to declare the tax because I didn't know my amount of tax? And I am currently filing for ITR in which I need for my employment.

Kung employed ka, ang employer mo ang magwiwithold sa income mo at sila rin ang magreport. Yon lang may business ang kailangan mag declare ng income

[@maryannibe]

mam pano po magfile ng itr ung real state person na vat receipt po.thanks

[@basictransferpricingphilip2220]

Real estate po. Lahat ng nareceive nya na payment for real estate irecport nya . Pag installment sales, tingnan mo kung ano ang sa kontrata. Qualified siya to report on the installment method. Report only the realized income.

[@criseldaquiachon8588]

Mahal po ang mag amend di ba

[@mildredaroa8012]

Maam, anu formula para makuha po ang P 429,750 sa input tax attributable to sale to government? Pls comment your reply po new subscriber here 🖐. Thank you po.

[@rjmusic6198]

PAANO BA PO PUMASOK SA BIR FORM MAM?

[@rjmusic6198]

Good am po,mam ask ko po kung paano ko po ma open ang form ng 2550Q?

[@akiajconstructionandsuppli8771]

Thank you po for the training. Question po. Anu po ba ang diff ng schedule 6 at schedule 8? for construction na sale to govt, meron pa kaming 2306 (WV020) and 2307 (WC157) Saanng schedule po papasok ang values sa 2307 and 2306?

Beginning January 2021, Wala na po 2306. Kasi Creditable na ang VAT. 2307 na lang both income and VAT

[@irishricaforte9157]

@ hi mam, san po ipapasok yung final vat withheld from NRFC? Thanks po

[@lyncruz5200]

Màm pwede ba akong mag "training" sa inyo?

[@yopej09]

Anu mangyayari sa VAT Input n natira after end of the year? pede ba gamitin next coming months(succeeding year) or years as deductions?

yes pwede po i-carry over

[@yopej09]

@ salamat po mam Elsa more power po

[@mienkloppers]

Ano po ang tamang Atc ng Trucking Services?

[@basictransferpricingphilip2220]

Services po ang trucking services

[@anthonymendoza1734]

Pag po nagfile ka thru online need po b n pumunta sa RDO where yoy belong to submit documents like withholding tax certificate?

Pwede na pong hindi. Send mo ang attachments through eAFS

[@aldrindublas8450]

yun po bang single proprietor kailangan po ba gumamit ng subsidiary books 200k lng capital nya po.

[@basictransferpricingphilip2220]

Pag VAT registered po. Kailangan.

[@jjeeppeerrxxrandomchannel4234]

Hi mam dalawa po ba dapat e file? Monthly at Quarterly or pipili lang tayo dito either Monthly or Quarterly? Thanks po sana mapansin

[@bernadettelonon716]

kailan ang next live streamjng nang vat mam?0

[@basictransferpricingphilip2220]

Kasalukuyan po tayo naglalive streaming January 7 at sa January 12, 2021 po ulit.

[@mlourdzbdv4796]

VB010 po ba ang tamang atc ng security at manpower agencies?

Tama po VB 010

[@mariaarseniadogillo9270]

Good noon po mam Elsa itatanong ko po kc nag kamali po yong mag type po hindi po niya nalagyan ng negative yong amout kay wala po kaming n bayaran ng 3rd quarter po, ano po ang gagawin, thanks po.

Mag amend po kayo. Magfile kayo ulit. Ilagay ninyo same period at amended return na. Tapos ilagay nyo na ang tama. Automatic na mag correct ang system.

[@mariaarseniadogillo9270]

@ thanks po mam Elsa sorry pero paano ko po mailalagay halimbawa po kasi -19,000, pr po lumabas n may babayaran po kmi, sa ebirform ginawa ng kasama ko, slamat po.

[@thetaldana-jacob3863]

Good morning po. Saan po papasok ang salaries at yung contibutions ng staff? Thank you.

[@basictransferpricingphilip2220]

Sa Cash Disbursement book po.

[@jenelynbabar7738]

mam di ko po makita yan ebir forms

[@juntechblogs2642]

mam, ask lng po, i was then registered my business last aug 4 2020 (COR date) non vat. then after a month and 2wks i decided to convert my COR to Vat reg. sept 21 (COR dated) vat. now do i need to file 2550Q? for the 3rdQTR ?. im longing for your reply on this matter. salamat po!

[@basictransferpricingphilip2220]

Kilangan magfile ka na ng 2550Q for September kasi pumasok ka na ng taxable period for September sa VAT

[@pjcruz5076]

hindi ko maintindihan medyo nalilito po ako 20A Input tax carried over from previous period. Ang tanong ko po kung example po nag negative o positive po sa previos quarter need po bang ilagay dito sa item na ito? salamat po

Ang carried over from previous quarter ay ang excess na input represented by a negative sign (enclose in parenthesis). Yan po ang carry over. Ang positive input used in previous quarter hindi po icarry over.

[@irisweetz]

Ma'am question po, if yung purchase of capital not exceeding P1M pero import po yun lahat saan.ko po sya pwede ilagay na entry dun po ba sa purchase or importation of goods? Kaso nakalagay other than capital goods eh ok lang po.ba yun? Thank you po

Sa Capital goods mo ilalagay. Pwedeng local and imporated ang ilalagay dito.

[@guilbertmasias6740]

Ma'am since hindi pa kami nakapagstart ng operation so, No sales po kami. Are we still going to use bir form 2550 in filing for the month? Thank you.

Depende po kung VAT registered po kayo. please check your COR. Regarding naman sa no sales, required pa din mag file kahit no sales. zero lang po ang ilagay sa form

[@TrulyAmore]

hi Maam Question lang po . Sa Not qualified for input tax po ba pag quarterly is in total of 3 months pa din po ba? Thank you po

Yes, correct

[@michm.8334]

@tax training Ma'am ask ko lang po pwede pa po ba isama sa vat return ng 3rd quarter ung invoice ng june (esp. More than a million purchase po na invoice) Panu po vat relief nun? Thank you.

[@basictransferpricingphilip2220]

Dapat po mag amend kayo at isama ninyo sa June na second quarter kasi magkaroon kayo ng discrepancy for JUne.

[@cjibis3444]

ma'am what if wala tin ang supplier ng services, paano po kaya yun, acknowledgement receiot lang po ibinibigay?

[@basictransferpricingphilip2220]

Madisallow po siya as purchases.

[@yanyanmonterde2910]

Hi Mam Elsa, Ask ko lang po sana pano i-file ang SLSP but no sales. nakaEFPS po kami. Sana po mapansin :) Thank you and Godbless you po

[@alvintantano2911]

Hi maam. Kung magclaim kami ng INPUT TAX need p ba naming epresent ang mga receipt na napurchased namin??

Hindi po. Isama nyo lang sa Summary List of Sales and Purchases. Pero kailangan nakarecord sa books of accounts and ready anytime na ma audit kayo ng BIR saka nyo ipresent.

[@ralenconde4222]

Ma'am paano po nakuha yung 429,750 input tax not directly attributable?

[@basictransferpricingphilip2220]

Nagprorate po tayo. Fill up mo ang amount na hinihingi ng computer at kusa na itong mag compute..

[@gladrishlipalam8281]

Hi Mam. Nakapagfile na po ako sa EFPS ng 2550Q 1st Q 2021 kaso po ngayon ko lang nalaman na mali ang amount na nailagay ko kasi hindi ko na add yung Jan. At Feb. Ask lang po ako anong pwedeng gawin pra macorrect po ang amount.?Sana po matulungan nyo po ako. Salamat.

File nlang po ulit kayo nang amended.

[@gladrishlipalam8281]

@ meron po bang penalty?

[@manilaairconexperts1455]

Ma'am if ever po meron receipt na hindi na isama sa reporting of purchases for a month, pwde pa po ba siya ihabol sa susunod na month?

Kung maliit lang at walang withholding pwede na isama sa susunod na buwan. Pero kung may withholding at malaki ang amount iamend nyo talaga ang monthly na naifile nyo na.

[@ajjoaquin1180]

Pwede po mag ammend ng Q1 kase dapat negative ung vat payable kaso hindi ko nasama ung negative ko vat payable ng feb... pwede po ba mahabol this feb... as allowable input tax sa Q2

Pwede po mag amend para ang carry over maclaim mo itong second quarter

[@ajjoaquin1180]

@ may penalty po ba yun or babayaran kung may iammend sa Q1 kase po lumalabas po dapat wala po akong bbayaran ng Q1

[@tinaaramil3720]

Tax Training by Elsa M. Cañete kapag po ba nagaammend may binabayaran na penalty? Salamat po

[@cjibis3444]

hi ma'am another question,. Vat registered po kami, but we have vat-exempt goods. San kopo ilalagay ang sales to government of vat-exempt goods (agricultural products)? dapat po ba sa item 13-sales to government or 15-vat exempt sales. sana po masagot agad kasi deadline napo hehe thank you po.

[@basictransferpricingphilip2220]

Meron pong line space para sa sales to government and VAT exempt purchases

[@gerliepuertollano1906]

Hi maam ask ko lng po matagal na po ako nagawa nyan pero ngayon di na ko maka gawa kase may na labas po syang " please enter a valid year for the return period. Only 2000 and beyond will be accepted" ngayon lng po nag ka problema nag try na rin po akong i update yung form pero ganun pa rin po na labas. Pa help naman po maam kung ano po yung problem thank you po.

[@mjrt2514]

Hello po, ask ko lang po kung naayos nyo na po yung sa error na lumalabas po. Ganyan din po kasi yung nangyayari sakin.

[@manilaairconexperts1455]

Ma'am tanong ko lang po, allowed po ba na every time na meron po kami sale of service sa client namin na dapat ay zero rated, pag dating po sa 2550q, may naka input sa line 23E ang return namin na ginawa ng accountant namin?

Possible. siya kasi may hawak ng records nyo. Kasi ang zero rated sales can claim input tax.

[@ggmmmarmaj4917]

Mam pwedi po mg ask kakastart lng po nmin mam mg apply po ng bir eto july lng po 12%vat po apply nmin mam,monthly po pnpareport kmi khit wala operation ngayon quarterly po mam paano po pg pill up ng quarterly value added tax return sept. Lng po kmi my operation paano po kaya un mam,cnxa po 1st timer po,

[@mienkloppers]

File k ng no sales. May girm din sya.

[@mienkloppers]

Form*

[@nicoledominiquecalapre8454]

Hi maam :) tanong ko lang po dun sa page 2 schedule 3 letter B (E), if yung estimated life po na tinutukoy dun is yung original na useful life? or remaining nalang? Thank you po in advance.

Original life po.

[@nicoledominiquecalapre8454]

@ thank you madam 😍

@@nicoledominiquecalapre8454 wELCOME PO

[@victormonroe8382]

Maam, paano po ba mag file ng amendment salamat po

[@basictransferpricingphilip2220]

Fill up nyo lang po ang same return pero ang i check ninyo sa line no. 4 box Amended Return? Yes or No . Yes po ang icheck ninyo kasi ibig sabihin nag-amend na kayo

[@helenquinto1091]

Maam nagpapa training po ba kayo sa mga bagong taxpayer?

Yes din po.

[@jinggarcia7058]

Online KZbin po training ng Bagong Taxpayer. Ngsubscribed npo ako snyo.

[@bryanmarksantos3570]

maam kasama po ba ang non vat purchases sa pag file?

Yes po. Kasama sa purchases not classified for input