Manage and Finalize Non-VAT Transactions Data for BIR Form 2551

Overview:

The Percentage Tax Declaration for BIR 2551 ensures compliance with tax regulations by providing a streamlined process for calculating and reporting percentage taxes. This article will show how to generate the BIR 2551Q in the system. But before generating the BIR 2551Q form, please follow the prerequisites to enable this feature.

Article: How to Enable the Non-VAT Declaration

Scenario:

Generate a BIR Form 2551Q in the BIR Reports module.

Solution:

1. Open the Non-VAT Declaration. All sales amounts will automatically added here if the transaction is using the ‘OS’ Tax Code.

2. Review and add the necessary amount to the Non-VAT Declaration.  Some fields can accommodate manual input for other amounts that need to be reported by the company.

• Creditable Percentage Tax Withheld per BIR Form No. 2307

• Tax Paid in Return Previously Filed, if this is an Amended Return

• Other Tax Credit/Payment

• Surcharge

• Interest

• Compromise

3. Once done, click Save.

Application: 

To generate a BIR 2551Q Form, go to Reporting > Report Center > BIR Reports > BIR Forms and Reports > BIR Form 2551.

2. Select the necessary filter for the BIR Form 2551 Quarterly report. Once done, click Preview.

Filters:

• Quarterly - this shows the Period Range.

• Period Range -it displays the current three-month quarter within the fiscal year.

• Amended - by default, when disabled, "No" is selected on Form 2551. If enabled, "Yes" is selected on the form.

Sample Preview