DLN:
PSIC:
BIR Form No.
Monthly Percentage
Tax Return
Republika ng Pilipinas
Kagawaran ng Pananalapi
Kawanihan ng Rentas Internas
2551M
September 2005 (ENCS)
Fill in all applicable spaces. Mark all appropriate boxes with an “X”.
1
2
For the
Calendar
Fiscal
3 For the month
Year ended
(MM/YYYY)
4
Amended Return
(MM/YYYY)
Part I
Yes
Background
5 Number of sheets attached
No
Information
6
TIN
9
Occupation
Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name
7 RDO Code
8 Line of Business/
10
11 Registered Address
12
13 Are you availing of tax relief under Special Law
or International Tax Treaty?
Yes
Part II
No
Telephone Number
Zip Code
If yes, specify
Computation of Tax
Taxable Transaction/
Industry Classification
ATC
Taxable Amount
Tax Rate
Tax Due
14A
14B
14C
14D
14E
15A
15B
15C
15D
15E
16A
16B
16C
16D
16E
17A
17B
17C
17D
17E
18A
18B
18C
18D
18E
19 Total Tax Due
20
Less: Tax Credits/Payments
19
20A
Creditable Percentage Tax Withheld Per BIR Form No. 2307 (See Schedule 1)
20A
20B
Tax Paid in Return Previously Filed, if this is an Amended Return
20B
Total Tax Credits/Payments (Sum of Items 20A & 20B)
21
22 Tax Payable (Overpayment) (Item 19 less Item 21)
Add: Penalties
Surcharge
23
23A
23B
21
22
Interest
Compromise
23C
23D
24 Total Amount Payable/(Overpayment) (Sum of Items 22 and 23D)
24
If overpayment, mark one box only:
To be Refunded
To be issued a Tax Credit Certificate
I declare, under the penalties of perjury, that this return has been made in good faith, verified by me, and to the best of my knowledge, and belief,
is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.
25
26
President/Vice President/Principal Officer/Accredited Tax Agent/
Authorized Representative/Taxpayer
(Signature Over Printed Name)
Title/Position of Signatory
TIN of Signatory
Tax Agent Acc. No./Atty's Roll No.(if applicable)
Part III
Particulars
Treasurer/Assistant Treasurer
(Signature Over Printed Name)
Date of Issuance
Title/Position of Signatory
Date of Expiry
TIN of Signatory
Details of Payment
Drawee Bank/
Agency
Number
MM
Date
DD
YYYY
Amount
27B
27C
27D
28 Check 28A
28B
28C
28D
29 Tax Debit
29A
29B
29C
30B
30C
30D
27 Cash/Bank 27A
Debit Memo
Memo
30 Others 30A
Machine Validation/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank)
Stamp of
Receiving Office/AAB
and Date of Receipt
(RO's Signature/
Bank Teller's Initial)
BIR FORM 2551M (ENCS)-PAGE 2
Tax Withheld Claimed as Tax Credit
Schedule 1
Period Covered
Name of Withholding Agent
Income Payments
Tax Withheld
Applied
Total (To Item 20A)
ATC
PT 010
Percentage Tax On:
ALPHANUMERIC TAX CODE (ATC)
Tax Rate
ATC
Persons exempt from VAT under Sec. 109v (Sec. 116)
PT 040
Domestic carriers and keepers of garages
PT 041
International Carriers
PT 060
Franchises on gas and water utilities
PT 070
Franchises on radio/TV broadcasting companies whose
annual gross receipts do not exceed P 10 M
Tax on banks and non-bank financial intermediaries performing quasi
banking functions
1) On interest, commissions and discounts from lending
activities as well as income from financial leasing, on
the basis of remaining maturities of instruments from
which such receipts are derived
PT 105
Maturity period is five (5) years or less
PT 101
Maturity period is more than five (5) years
PT 102
2) On dividends and equity shares and net income of
subsidiaries
3%
3%
3%
2%
PT 103 3)
PT 104 4)
Percentage Tax On:
Tax Rate
On royalties, rentals of property, real or personal, profits
from exchange and all other gross income
On net trading gains within the taxable year on foreign currency,
debt securities, derivatives, and other financial instruments
7%
7%
Tax on Other Non-Bank Financial Intermediaries not performing quasi-banking functions
3%
5%
1%
0%
1)
On interest, commissions and discounts from lending activities
as well as income from financial leasing, on the basis of remaining
maturities of instruments from which such receipts are derived
PT 113
Maturity period is five (5) years or less
PT 114
Maturity period is more than five (5) years
PT 115 2) From all other items treated as gross income under the code
PT 120 Life Insurance premium
Agents of Foreign Insurance Companies
PT 130
a) Insurance Agents
PT 132
b) Owners of property obtaining insurance directly
with foreign insurance companies
BIR Form No. 2551M Percentage Tax Return
Guidelines and Instructions
5%
1%
5%
5%
10%
5%
Who Shall File
1.
2.
3.
4.
5.
6.
7.
8.
This return shall be filed in triplicate by the following:
Persons whose gross annual sales and/or receipts do not exceed P1,500,000
and who are not VAT-registered persons.
Domestic carriers and keepers of garages, except owners of bancas and
owners of animal-drawn two wheeled vehicle.
Operators of international air and shipping carriers doing business in the
Philippines.
Franchise grantees of gas or water utilities.
Franchise
grantees of radio
and/or
television
broadcasting
companies whose gross annual receipts of the preceding year do not exceed
Ten Million Pesos (P10,000,000.00) and did not opt to register as VAT
taxpayers.
Banks, non-bank financial intermediaries and finance companies.
Life insurance companies.
Agents of foreign insurance companies.
"Gross receipts" means all amounts received by the prime or principal
contractor, undiminished by any amount paid to any subcontractor under a
subcontract arrangement.
Penalties
1.
2.
When and Where to File
The return shall be filed not later than the 20th day following the end of each
month. Any person retiring from a business subject to percentage taxes shall
notify the nearest Revenue District Office, file his return and pay the tax due
thereon within twenty (20) days after closing his business.
The return shall be filed with any Authorized Agent Bank (AAB) within the
territorial jurisdiction of the Revenue District Office where the taxpayer is
required to register/conducting business. In places where there are no AABs, the
return shall be filed with the Revenue Collection Officer or duly Authorized City
or Municipal Treasurer within the Revenue District Office where the taxpayer is
required to register/conducting business.
A taxpayer may, at his option, file a separate return for the head office and
for each branch or place of business or a consolidated return for the head office
and all the branches except in the case of large taxpayers where only one
consolidated return is required.
3.
4.
There shall be imposed and collected as part of the tax:
A surcharge of twenty five percent (25%) for each of the following
violations:
a.
Failure to file any return and pay the amount of tax or installment due
on or before the due date;
b.
Unless otherwise authorized by the Commissioner, filing a return with
a person or office other than those with whom it is required to be filed;
c.
Failure to pay the full or part of the amount of tax shown on the return,
or the full amount of tax due for which no return is required to be filed
on or before the due date;
d.
Failure to pay the deficiency tax within the time prescribed for its
payment in the notice of assessment.
A surcharge of fifty percent (50%) of the tax or of the deficiency tax, in case
any payment has been made on the basis of such return before the discovery
of the falsity or fraud, for each of the following violations:
a.
Willful neglect to file the return within the period prescribed by the
Code or by rules and regulations; or
b.
In case a false or fraudulent return is willfully made.
Interest at the rate of twenty percent (20%) per annum, or such higher rate as
may be prescribed by rules and regulations, on any unpaid amount of tax
from the date prescribed for the payment until the amount is fully paid.
Compromise penalty.
Attachments Required
1.
2.
3.
4.
Certificate of Creditable Tax Withheld at Source, if applicable;
Duly approved Tax Debit Memo, if applicable;
For amended return, proof of the payment and the return previously filed;
All returns filed by an authorized representative must attach authorization
letter.
When and Where to Pay
Upon filing this return, the total amount payable shall be paid to the
Authorized Agent Bank (AAB) where the return is filed. In places where there
are no AABs, payment shall be made directly to the Revenue Collection Officer or
duly Authorized City or Municipal Treasurer who shall issue a Revenue Official
Receipt BIR Form No. 2524) therefor.
Where the return is filed with an AAB, taxpayer must accomplish and submit
BIR-prescribed deposit slip, which the bank teller shall machine validate as
evidence that payment was received by the AAB. The AAB receiving the tax
return shall stamp mark the word “Received” on the return and also machine
validate the return as proof of filing the return and payment of the tax by the
taxpayer, respectively. The machine validation shall reflect the date of payment,
amount paid and transactions code, the name of the bank, branch code, teller’s
code and teller’s initial. Bank debit memo number and date should be indicated in
the return for taxpayers paying under the bank debit system.
For Electronic Filing and Payment System (EFPS) Taxpayer
The deadline for electronically filing and paying the taxes due thereon shall
be in accordance with the provisions of existing applicable revenue issuances.
Basis of Tax
The tax is based on gross sales, receipts or earnings except on insurance
companies where the basis of tax is the total premium collected/paid.
Note: All background information must be properly filled up.
•
All returns filed by an accredited tax representative on behalf of a taxpayer
shall bear the following information:
A. For CPAs and others (individual practitioners and members of GPPs);
a.1 Taxpayer Identification Number (TIN); and
a.2 Certificate of Accreditation Number, Date of Issuance,
and Date of Expiry.
B. For members of the Philippine Bar (individual practitioners, members
of GPPs):
b.1 Taxpayer Identification Number (TIN); and
b.2 Attorney’s Roll Number or Accreditation Number, if any.
•
Nos. 1, 2 and 3 of this form refer to transaction period and not the date of
filing this return.
•
The last 3 digits of the 12-digit TIN refers to the branch code.
•
TIN = Taxpayer Identification Number
ENCS
2551M
GENERAL INSTRUCTION1. This Application Form shall be used to register financing company under Republic Act Number 8556 (The Financing Company Act of 1998).2. This application shall be signed under oath by the registrants President.3. Five (5) copies of the complete application shall be filed, including exhibits and all other papers and documents filed as part thereof.
In support of this application, we are submitting herewith the following required papers/ information to form integral parts thereof:
1. All documents required for registration as a corporation;
2. Information Sheet of registrant company;
3. Personal Information Sheets of each of the directors, officers with the rank of Vice-President and up or their equivalent or managing partners;
4. Answer to the questionnaire of the Commission;
5. Documents required of each Filipino directors, officer to be appointed from the rank of Vice-President and up or their equivalent such as the following:
(i) Police Clearance from local police of the city or municipality of which he is resident;
(ii) NBI Clearance
(iii) Certificate of good moral character to be executed under oath by at least two (2) reputable and disinterested in the community; and
(iv) Bank credit information to be issued by his depository or creditor bank(s), if any;
(v) For foreign director or officer, if any, in lieu of Item (ii) and (iii) shall submit:
a) A clearance from the Bureau of Immigration and Deportation;
b) Photocopies of Passport; and
c) Alien Certificate of Registration (ACR)
6. Clearance from the Bangko Sentral ng Pilipinas (BSP), if the applicant financing company is a subsidiary or affiliate of a bank and/or non-bank financial institution with quasi-banking license.
7. Organizational chart.
Note: Application Form to Register Financing Company under RA 8556 (The Financing Company Act of 1998) appform-financing RA 8556.pdf
Credit Rating Company Accreditation SEC form CRA-12 (Credit Rating Company)
SEC Form AuF-002 - Initial Application for Accreditation of an Auditing Firm Initial Application for Accreditation of An Auditing Firm
SEC Form ExA-001 - Initial Application for Accreditation of an Individual External Auditor Initial App for Accreditation of an Individual External Auditor
NON-TRADITIONAL SECURITIES AND INSTRUMENTS DEPARTMENT
Pre-Need
Note: New Rules on the Registration and Sale of Pre-Need Plans
under Section 16 of the Securities Regulation Code
Note: New Pre-Need Rules
I. FEES
A. Registration/Licensing of Securities
1. New and Additional 1/10 of 1% of maximum aggregate price at which securities are proposed to be offered plus other fees.
2. Petition for Price Increase P 2,500
3. Petition for amendment of Registration Statement/ contracts/all applications P 2,500
4. Petition for release of balance P 2,500
5. Petition for Cancellation of Registration P 2,500
6. Petition for Suspension and/or Cancellation of Permit to Sell P 2,500
B. Dealer/Branch/Salesmen/General Agent
1. New
1.1 Dealer
a. Head Office P 10,000 + other fees
b. Branch Office
1) Within Metro Manila P 5,000 + other fees
2) Outside Metro Manila P 2,500 + other fees
1.2 General Agent P 5,000 + other fees
1.3 Salesman
a. Dealer P 200/salesman plus other fees
b. General Agent P 200/salesman plus other fees
2. Renewal
2.1 Dealer
a. Head Office P 5,000 plus other fees
b. Branch Office
1) Within Metro Manila P 2,500 plus other fees
2) Outside Metro Manila P 1,500 plus other fees
2.2 General Agent P 2,500 plus other fees
2.3 Salesmen P200/salesman plus other fees
C. Others
1. Approval of Trust Agreement P 2,500
2. Accreditation of Pre-need Actuaries P 1,000
3. Certifications P 300
II. PENALTIES / FINES
A. For Late Filing / Non-filing of Reports
1. Annual Reports
1.1 Audited Financial Statements P 5,000 Basic fine plus P100/day of delay
1.2 Actuarial Valuation Report P 5,000 Basic fine plus P100/day of delay
2. Other periodic reports
2.1 Monthly P 5,000 Basic fine plus P100/day of delay
2.2 Quarterly P 5,000 Basic fine plus P100/day of delay
2.3 Others P 5,000 Basic fine plus P100/day of delay
B. For other violations
1. Issuance/Sale of Plans in Excess of Authorized Amount 1st violation 2/10 of 1% of the aggregate gross price of the plans sold
2nd violation 3/10 of 1% of the aggregate gross price of the plans sold
3rd violation 4/10 of 1% of the aggregate gross price of the plans sold
4th violation and succeeding violations suspension/ revocation of license
2. Overpricing of plans 1st violation 2/10 of 1% of the difference between the authorized plan value
2nd violation 3/10 of 1% of the difference between the authorized plan value
3rd violation 4/10 of 1% of the difference between the authorized plan value
4th and succeeding violations suspension or revocation of license
3. Unreported sales/collections 1st violation 2/10 of 1% of the aggregate gross pre-need price of the plans sol
2nd violation 3/10 of 1% of the aggregate gross pre-need price of the plans sold
3rd violation 4/10 of 1% of the aggregate gross pre-need price of the plans sold
4th and succeeding violations suspension or revocation of license
4. Late Trust Fund Deposit P 5,000 Basic fine plus P100/day of delay
5. Late/Non-Funding of Trust fund Deficiency P 5,000 Basic fine plus P100/day of delay
6. Unauthorized Opening/Transfer/Closure of Branch P2,000 /branch
7. Unlicensed salesmen Maximum of P2,000/salesman
8. Late Filing of Renewal of the following :
8.1 Dealers License P1,000
8.2 General Agent P1,000
9. Execution of Trust Agreement without SEC approval Maximum of P5,000
10. Registration Statement with untrue statement of a material fact, or omitted to state any material fact required to be stated therein or necessary to make the statements therein not misleading, or refused to permit any lawful examination into its affairs a) Suspension or revocation of its certificate and permit to offer securities
b) Fine of no less than P200 for each day of continuing violation but not more than P50,000 in aggregate fine
c) Disqualification from being an officer, member of the board of directors or principal stockholder of an issuer whose securities are about to be registered pursuant to the Pre-need Rules.
Alternative Trading System Alternative Trading System
BASIC GUIDE TO SEC REGULATION ON FOREIGN INVESTMENTS Sixth Regular Foreign Investment Negative List (Executive Order No. 389) EO 389