Description

Value-Added Tax is a form of sales tax. It is a tax on consumption levied on the

sale, barter, exchange or lease of goods or properties and services in the
Philippines and on importation of goods into the Philippines. It is an indirect tax,
which may be shifted or passed on to the buyer, transferee or lessee of goods,
properties or services.
Who are required to file vat returns?
Any person or entity who, in the course of his trade or business, sells,
barters, exchanges, leases goods or properties and renders services
subject to VAT, if the aggregate amount of actual gross sales or receipts
exceed One Million Nine Hundred Nineteen Thousand Five Hundred Pesos
(P1,919,500.00).
A person required to register as VAT taxpayer but failed to register

Any person, whether or not made in the course of his trade or business,
who imports goods
Monthly VAT Declarations
Tax Form
BIR Form 2550M - Monthly Value-Added Tax Declaration (February 2007 ENCS)
Documentary Requirements
1. Duly issued Certificate of Creditable VAT Withheld at Source (BIR Form No.
2307), if applicable
2. Summary Alphalist of Withholding Agents of Income Payments Subjected to
Withholding Tax At Source (SAWT), if applicable
3. Duly approved Tax Debit Memo, if applicable
4. Duly approved Tax Credit Certificate, if applicable
5. Authorization letter, if return is filed by authorized representative.
Procedures
1. Fill-up BIR Form No. 2550M in triplicate copies (two copies for the BIR and one
copy for the taxpayer)
2. If there is payment:
File the Monthly VAT declaration, together with the required
attachments, and pay the VAT due thereon with any Authorized
Agent Bank (AAB) under the jurisdiction of the Revenue District
Office (RDO)/Large Taxpayers District Office (LTDO) where the
taxpayer (head office of the business establishment) is registered or
required to be registered.
The 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 machine
validate the return as proof of filing the return and payment of the
tax.
In places where there are no duly accredited agent banks, file the
Monthly VAT declaration, together with the required attachments
and pay the VAT due with the Revenue Collection Officer (RCO) or
duly authorized Treasurer of the Municipality where such taxpayer
(head office of the business establishment) is registered or required
to be registered.
The RCO or duly authorized Municipal/City Treasurer shall issue a
Revenue Official Receipt upon payment of the tax.
3. If there is no payment:
File the Monthly VAT Declaration, together with the required
attachments with the RDO/LTDO/Large Taxpayers Assistance
Division, Collection Agent or duly authorized Municipal/ City
Treasurer of Municipality/City where the taxpayer (head office of the
business establishment) is registered or required to be registered.
 Deadline of filing of VAT returns
(https://www.bir.gov.ph/index.php/tax-information/value-added-tax.html)
Manual Filing

Not later than the 20th day following the end of each month
Through Electronic Filing and Payment System (eFPS):

Business Industry Period for filing

Monthly VAT
Declarations
Group A
Insurance and Pension
Funding
25 days following the end
Activities Auxiliary to Financial Intermediation
of the month
Construction
Water Transport
Hotels and Restaurants
Land Transport
Group B
Manufacture and Repair of Furniture
Manufacture of Basic Metals
Manufacture of Chemicals and Chemical
Products
Manufacture of Coke, Refined Petroleum & Fuel
Products
Manufacture of Electrical Machinery &
Apparatus N.E.C.
Manufacture of Fabricated Metal Products
Manufacture of Food, Products & Beverages
Manufacture of Machinery & Equipment NEC
Manufacture of Medical, Precision, Optical
Instruments
Manufacture of Motor Vehicles, Trailer & Semi-
Trailers
24 days following the end
Manufacture of Office, Accounting &
of the month
Computing Machinery
Manufacture of Other Non-Metallic Mineral
Products
Manufacture of Other Transport Equipment
Manufacture of Other Wearing Apparel
Manufacture of Paper and Paper Products
Manufacture of Radio, TV & Communication
Equipment/ Apparatus
Manufacture of Rubber & Plastic Products
Manufacture of Textiles
Manufacture of Tobacco Products
Manufacture of Wood & Wood Products
Manufacturing N.E.C.
Metallic Ore Mining
Non-Metallic Mining & Quarrying
Group C
Retail Sale
Wholesale Trade and Commission Trade
Sale, Maintenance, Repair of Motor
Vehicle, Sale of Automotive Fuel 23 days following the end
Collection, Purification and Distribution of of the month
Water
Computer and Related Activities
Real Estate Activities
Group D
Air Transport
Electricity, Gas, Steam & Hot Water Supply
Postal & Telecommunications
Publishing, Printing & Reproduction of 22 days following the end
Recorded Media of the month
Recreational, Cultural & Sporting Activities
Recycling
Renting of Goods & Equipment
Supporting & Auxiliary Transport Services
Group E
Activities of Membership Organizations, Inc.
Health and Social Work
Public Admin & Defense Compulsory Social
Security
Research and Development 21 days following the end
Agricultural, Hunting, and Forestry of the month
Farming of Animals
Fishing
Other Service Activities
Miscellaneous Business Activities
Unclassified