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BIR Form No. 2550M Monthly Value-Added Tax Declaration

This BIR return/declaration shall be filed in triplicate by the following taxpayers; A VAT-registered person; and A person required to register as a VAT taxpayer but failed to register. This return/declaration must be filed by the aforementioned taxpayers for as long as the VAT registration has not yet been cancelled, even if there is no taxable transaction during the month or the aggregate sales/receipts for any 12-month period did not exceed the P1,500,000.00 threshold.

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DLN:

Monthly Value-Added Tax
Declaration
Kawanihan ng Rentas Internas
Republika ng Pilipinas
Kagawaran ng Pananalapi

PSIC:
BIR Form No.

2550M
February 2007 (ENCS)

Fill in all applicable spaces. Mark all appropriate boxes with an “X”.
1
For the Month of
(MM/YYYY)
Part I
4 TIN

Background
5 RDO

3
Number of sheets
2 Amended
Return
Yes
No attached
Information
6 Line of Business

7

Code
Taxpayer's Name (For Individual)Last Name, First Name, Middle Name/(For Non-individual) Registered Name Telephone Number
8

9

Registered Address

11
Part II

10

Are you availing of tax relief under Special Law
or International Tax Treaty?

Yes

No

Zip Code

If yes, specify

Computation of Tax (Attach additional sheets, if necessary)
Output Tax Due for the Month
Sales/Receipts for the Month (Exclusive of VAT)

12
13
14
15
16
17

Vatable Sales/Receipt- Private (Sch.1)
12A
12B
Sales to Government
13A
13B
Zero Rated Sales/Receipts
14
Exempt Sales/Receipts
15
Total Sales/Receipts and Output Tax Due
16A
16B
Less: Allowable Input Tax
17A
17A Input Tax Carried Over from Previous Period
17B
17B Input Tax Deferred on Capital Goods Exceeding P1Million from Previous Period
17C
17C Transitional Input Tax
17D
17D Presumptive Input Tax
17E
17E Others
17F
17F Total (Sum of Item 17A,17B,17C,17D &17E)
18
Current Transactions
Purchases
18A
18B
18A/B Purchase of Capital Goods not exceeding P1Million (see sch.2)
18C
18D
18C/D Purchase of Capital Goods exceeding P1Million (see sch.3)
18F
18E/F Domestic Purchases of Goods Other than Capital Goods 18E
18G
18H
18G/H Importation of Goods Other than Capital Goods
18 I
18J
18I/J Domestic Purchase of Services
18K
18L
18K/L Services rendered by Non-residents
18M
18M Purchases Not Qualified for Input Tax
18N
18O
18N/O Others
18P Total Current Purchases (Sum of Item 18A,18C,18E,18G,18I,18K,18M&18N) 18P
19 Total Available Input Tax (Sum of Item 17F,18B,18D,18F,18H,18J,18L & 18O)
19
20 Less: Deductions from Input Tax
20A Input Tax on Purchases of Capital Goods exceeding P1Million
deferred for the succeeding period (Sch.3)
20A
20B
20B Input Tax on Sale to Govt. closed to expense (Sch.4)
20C
20C Input Tax allocable to Exempt Sales (Sch.5)
20D
20D VAT Refund/TCC claimed
20E Others
20E
20F
20F Total (Sum of Item 20A,20B,20C,20D & 20E )
21 Total Allowable Input Tax (Item19 less Item 20F)
21
22 Net VAT Payable (Item 16B less Item 21)
22
23
Less: Tax Credits/Payments
23A
23A Creditable Value-Added Tax Withheld (Sch. 6)
23B
23B Advance Payments for Sugar and Flour Industries (Sch.7)
23C
23C VATwithheld on Sales to Government (Sch.8)
23D
23D VAT paid in return previously filed, if this is an amended return
23E
23E Advance Payments made (please attach proof of payments - BIR Form No. 0605)
23F
23F Others
23G
23G Total Tax Credits/Payments (Sum of Item 23A,23B,23C, 23D, 23E & 23F)
24 Tax Still Payable/(Overpayment) (Item 22 less Item 23G)
24
25 Add: Penalties
Surcharge
Interest
Compromise
25A
25B
25C
25D
26 Total Amount Payable/(Overpayment) (Sum of Item 24 and 25D)
26
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.
27

Title/Position of Signatory

Particulars
29 Cash/Bank 29A

Drawee Bank/
Agency

Date of Issuance

Number
29B

29C

Title/Position of Signatory

Date of Expiry

Details of Payment
Date
MM
DD

Treasurer/Assistant Treasurer
(Signature Over Printed Name)

TIN of Signatory

Tax Agent Acc. No./Atty's Roll No.(if applicable)

Part III

#

President/Vice President/Principal Officer/Accredited Tax Agent/
Authorized Representative/Taxpayer
(Signature Over Printed Name)

TIN of Signatory

YYYY

Debit Memo................................................................................…………………
30 Check 30A
30B
30C
31 Tax Debit
31A
31B
Memo ............………………..
32 Others 32A
32B
32C

Amount
29D
30D
31C
32D

Machine Validation (if filed with an accredited agent bank)/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 2550M - February 2007 (ENCS)
Schedule of Sales/Receipts and Output Tax (Attach additional sheet, if necessary)
Amount of Sales/Receipts
Output Tax
Industries Covered by VAT
ATC
For the Period
For the Period

Page 2

Schedule 1

To Item 12A/B
Schedule 2
Date
Purchased
(A)

Purchases/Importation of Capital Goods (Aggregate Amount Not Exceeding P1 Million) (Attach additional sheet, if necessary)
Amount
Description
Input Tax
(Net of VAT)
(B)
(C)
(D)

Total (To Item 18A/B)
Schedule 3
Purchases/Importation of Capital Goods (Aggregate Amount Exceeds P1 Million) (Attach additional sheet, if necessary)
A) Purchases/Importations This Period
Allowable Input
Balance of Input Tax
Est. Life Recognized Life
Date
Amount
Input Tax
(In Months)
Tax for the Period
to be carried to
Description
(in
Purchased
(Net of VAT)
(Cx12%)
Useful life or 60 mos.
(D) divided by (F)
Next Period
months)
(D) less (G)
(whichever is shorter)
(A)
(B)
(C )
(D)
(E)
(F)
(G)
(H)

Total (To Item 18C/D)
B) Purchases/Importations Previous Period
Date
Purchased
(A)

Description

Amount
(Net of VAT)

(B)

(C )

Balance of Input Est. Life Recognized Life
Tax from
(in
(In Months)
Previous Period months)
Remaining Life
(D)
(E)
(F)

Allowable Input
Tax for the Period
(D) divided by (F)

Balance of Input Tax
to be carried to
Next Period

(G)

(D) less (G)
(H)

Total
C) Total Input Tax Deferred for future period from current and previous purchases (To Item 20A)
Schedule 4
Input Tax Attributable to Sale to Government
Input Tax directly attributable to sale to government
Add: Ratable portion of Input Tax not directly attributable
to any activity:
Taxable sales to government
Amount of Input Tax not
x
Total Sales
directly attributable
Total Input Tax attributable to sale to government
Less: Standard Input Tax to sale to government
Input Tax on Sale to Govt. closed to expense (To Item 20B)
Input Tax Attributable to Exempt Sales
Schedule 5
Input Tax directly attributable to exempt sale
Add: Ratable portion of Input Tax not directly attributable
to any activity:
Taxable exempt sale
Amount of Input Tax not
x
Total Sales
directly attributable
Total Input Tax attributable to exempt sale (To Item 20C)
Schedule 6
Tax Withheld Claimed as Tax Credit (Attach additional sheets, if necessary)
Period
Name of Withholding Agent
Income Payment
Total Tax Withheld
Applied
Covered
Current mo.

Total (To Item 23A)
Schedule 7
Schedule of Advance Payment (Attach additional sheets, if necessary)
Period
Name of Miller Name of Taxpayer
Official Receipt
Amount Paid
Applied
Covered
Number
Current mo.

Total (To Item 23B)
VAT Withheld on Sales to Government (Attach additional sheets, if necessary)
Schedule 8
Period
Name of Withholding Agent
Income Payment
Total Tax Withheld
Applied
Covered
Current mo.

Total (To Item 23C)

BIR Form 2550M - February 2007 (ENCS)
ALPHANUMERIC TAX CODES (ATC)
INDUSTRIES COVERED BY VAT
1.
2.

3.

ATC INDUSTRIES COVERED BY VAT

VQ010
Mining and Quarrying
Manufacturing
VM 040
2.1 Tobacco
VM 110
2.2 Alcohol
VM 120
2.3 Petroleum
VM 130
2.4 Automobiles
2.5 Non-Essentials (Excisable Goods) VM 140
VM 030
2.6 Cement
VM 020
2.7 Food Products and Beverages
VM 150
2.8 Pharmaceuticals
VM 050
2.9 Flour
VM 160
2.10 Sugar
VM 100
2.11 Pesticides
VM 010
2.12 Others (General)
VB 113
Non Life Insurance

4.
5.
6.
7.

8.

Lending Investors/Dealer In securites/
Pawnshops/Pre-need Co./
Construction
Wholesale & Retail
Hotel & Restaurants
7.1 Hotels, Motels
7.2 Restaurants, Caterers
Transport Storage and Communications
8.1 Land Transport-Cargo
8.2 Water Transport-Cargo
8.2.1 Domestic Ocean Going Vessels
8.2.2 Inter Island Shipping Vessels
8.3 Air Transport-Cargo
8.4 Telephone & Telegraph
8.5 Radio/TV Broadcasting

Page 3

ATC

INDUSTRIES COVERED BY VAT

ATC

VB 102

8.6
Other Franchise
Real Estate, Renting &
Business Activity
9.1
Sale of Real Property
9.2
Lease of Real Property
9.3
Sale/Lease of Intangible Property
Compulsory Social Security
Public Administration & Defense
Other Community Social and
Personal Service Activity
Others:
12.1 Storage & Warehousing
12.2 Business Services
(In General)
12.3 Importation of Goods

VB 112

9.

VC 010
VT 010
VB100
VB101

10.

VB105

11.

VB106
VB 107
VB108
VB109
VB 111

12.

VP 100
VP 101
VP 102
VD 010
VH 010
VS 010
VB 010
VI 010
 
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