KNOW MORE ABOUT

BIR FORMS

What is this form?

BIR Form 2551Q, or also known as Quarterly Percentage Tax Return are taxes imposed on individuals/businesses who sell/lease goods or services which are exempted from Value Added Tax (VAT) with annual sales not exceeding 3,000,000 PHP.

Currently, the updated version of this form comes with additional ATCs (Alphanumeric Tax Code) such as PT010, PT040 and many others.

Who needs to file?

  • Taxpayers who are VAT-exempt with annual revenues not more than 3,000,000.00 (PHP).
  • Financial institutions such as banks, finance companies, agents of life insurance companies (foreign), and any related financial intermediaries.
  • Franchisees of gas/water utilities, radio/TV broadcasting with revenue not more than ten (10) million pesos.
  • Domestic and international air/shipping carriers.

When to file?

Under Republic Act No. 10963, also known as the Tax Reform for Acceleration and Inclusion (also known as TRAIN Law), 2551Q forms shall be filed every 25th day after the taxable quarter.

Please take note that your tax forms will be sent electronically to the BIR until 9pm. Any forms that will be sent beyond that filing deadline will be transmitted within the next business day.

For the updated tax deadline, please visit this page:

https://www.juan.tax/blog/extended-deadlines-of-tax-returns

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

What is this form?

BIR Form 1701Q, also known as Quarterly Income Tax Return For Self-Employed Individuals, Estates and Trusts (Including those with both Business and Compensation Income) is a tax return intended for professionals and self-employed individuals who are engaged in a sole proprietorship business.

Who needs to file?

This return shall be filed by the following individuals listed below:

  • A resident citizen engaged in trade, business, or practice of profession within (or not within) the Philippines.
  • A resident alien, non-resident citizen or non-resident alien individual who engaged in business within the Philippines.
  • A trustee, guardian of a minor,administrator of an estate, or any individual(s) with fiduciary capacity for any person, where such trust, estate, minor, or person is engaged in trade or business.

When to file?

The following deadlines apply for those individuals who wants to file this return:

  • 1st qtr: On or before May 15 of the current taxable year
  • 2nd qtr: On or before August 15 of the current taxable year
  • 3rd qtr: On or before November 15 of the current taxable year

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

What is this form?

BIR Form 1701, also known as Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts is a tax form which summarizes all the transactions made over the tax calendar year.

Who needs to file?

This return needs to be filed by individuals listed below:

  • A resident who operates a business within (or not) in the Philippines.
  • A resident alien, or a non-resident citizen (or alien) operating a business in the Philippines.
  • A trustee, guardian of a minor, estate administrator or individuals acting out as an administrator on behalf of a person whose operating a business.

When to file?

1701 form needs to be filed on or before April 15th annually, and it should cover all those income from the previous tax year.

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

What is this form?

Annual Income Tax Return for Individuals Earning Income PURELY from Business/Profession (Those under the graduated income tax rates with OSD as mode of deduction OR those who opted to avail of the 8% flat income tax rate).

Who needs to file?

The return shall be filed by individuals earning income PURELY from trade/business or from the practice of profession, to wit:

  • A resident citizen (within and without the Philippines);
  • A resident alien, non-resident citizen or non-resident alien (within the Philippines).

The return shall only be used by said individuals as follows:

  • Those subject to graduated income tax rates and availed of the optional standard deduction as method of deduction, regardless of the amount of sales/receipts and other non-operating income; OR
  • Those who availed of the 8% flat income tax rate whose sales/receipts and other non-operating income do not exceed P3M

When to file?

This return is filed on or before April 15 of each year covering income for the preceding taxable year.

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

What is this form?

BIR Payment Form 0605 needs to be accomplished once the taxpayer settles his/her payments for taxes and fees which does not require the use of tax return as second installment payment for things such as deficiency tax, income tax, delinquency tax, penalties, advance payments, other forms of installment payments etc.

Who needs to file?

Every taxpayer (whether individual or business) needs to use this form in order for them to be able to pay tax fees which does not require the use of a tax return.

When to file?

This form needs to be accomplished every time that the taxpayer faces due on tax penalties, or when the filer needs to make an advance payment. This can be used once the taxpayer receives a collection letter from the BIR, or when a business taxpayer would settle annual registration fees either for a new business or renewal which should be on or before January 31st of every year.

Please take note that your tax forms will be sent electronically to the BIR until 9pm. Any forms that will be sent beyond that filing deadline will be transmitted within the next business day.

For the updated tax deadline, please visit this page:

https://www.juan.tax/blog/extended-deadlines-of-tax-returns

How to file?

Just like any other tax form, you can e-file and e-pay your forms in JuanTax. View this  link from our Help Center to get started, Filing Taxes in JuanTax.

Form 2551Q

What is this form?

BIR Form 2551Q, or also known as Quarterly Percentage Tax Return are taxes imposed on individuals/businesses who sell/lease goods or services which are exempted from Value Added Tax (VAT) with annual sales not exceeding 3,000,000 PHP.

Currently, the updated version of this form comes with additional ATCs (Alphanumeric Tax Code) such as PT010, PT040 and many others.

Who needs to file?

  • Taxpayers who are VAT-exempt with annual revenues not more than 3,000,000.00 (PHP).
  • Financial institutions such as banks, finance companies, agents of life insurance companies (foreign), and any related financial intermediaries.
  • Franchisees of gas/water utilities, radio/TV broadcasting with revenue not more than ten (10) million pesos.
  • Domestic and international air/shipping carriers.

When to file?

Under Republic Act No. 10963, also known as the Tax Reform for Acceleration and Inclusion (also known as TRAIN Law), 2551Q forms shall be filed every 25th day after the taxable quarter.

Please take note that your tax forms will be sent electronically to the BIR until 9pm. Any forms that will be sent beyond that filing deadline will be transmitted within the next business day.

For the updated tax deadline, please visit this page:

https://www.juan.tax/blog/extended-deadlines-of-tax-returns

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

Form 1701Q

What is this form?

BIR Form 1701Q, also known as Quarterly Income Tax Return For Self-Employed Individuals, Estates and Trusts (Including those with both Business and Compensation Income) is a tax return intended for professionals and self-employed individuals who are engaged in a sole proprietorship business.

Who needs to file?

This return shall be filed by the following individuals listed below:

  • A resident citizen engaged in trade, business, or practice of profession within (or not within) the Philippines.
  • A resident alien, non-resident citizen or non-resident alien individual who engaged in business within the Philippines.
  • A trustee, guardian of a minor,administrator of an estate, or any individual(s) with fiduciary capacity for any person, where such trust, estate, minor, or person is engaged in trade or business.

When to file?

The following deadlines apply for those individuals who wants to file this return:

  • 1st qtr: On or before May 15 of the current taxable year
  • 2nd qtr: On or before August 15 of the current taxable year
  • 3rd qtr: On or before November 15 of the current taxable year

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

Form 1701

What is this form?

BIR Form 1701, also known as Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts is a tax form which summarizes all the transactions made over the tax calendar year.

Who needs to file?

This return needs to be filed by individuals listed below:

  • A resident who operates a business within (or not) in the Philippines.
  • A resident alien, or a non-resident citizen (or alien) operating a business in the Philippines.
  • A trustee, guardian of a minor, estate administrator or individuals acting out as an administrator on behalf of a person whose operating a business.

When to file?

1701 form needs to be filed on or before April 15th annually, and it should cover all those income from the previous tax year.

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

Form 1701A

What is this form?

Annual Income Tax Return for Individuals Earning Income PURELY from Business/Profession (Those under the graduated income tax rates with OSD as mode of deduction OR those who opted to avail of the 8% flat income tax rate).

Who needs to file?

The return shall be filed by individuals earning income PURELY from trade/business or from the practice of profession, to wit:

  • A resident citizen (within and without the Philippines);
  • A resident alien, non-resident citizen or non-resident alien (within the Philippines).

The return shall only be used by said individuals as follows:

  • Those subject to graduated income tax rates and availed of the optional standard deduction as method of deduction, regardless of the amount of sales/receipts and other non-operating income; OR
  • Those who availed of the 8% flat income tax rate whose sales/receipts and other non-operating income do not exceed P3M

When to file?

This return is filed on or before April 15 of each year covering income for the preceding taxable year.

How to file?

Just like any other tax form, you can e-file and e-pay forms for your clients using JuanTax. View this link from our Help Center to get started, Filing Taxes in JuanTax.

If you’re filing for a small business, as a freelancer, or as an individual, learn the step-by-step process for filing tax forms in Fast File. Visit this help article, instead: e-Filing your Taxes using Fast File.

Form 0605

What is this form?

BIR Payment Form 0605 needs to be accomplished once the taxpayer settles his/her payments for taxes and fees which does not require the use of tax return as second installment payment for things such as deficiency tax, income tax, delinquency tax, penalties, advance payments, other forms of installment payments etc.

Who needs to file?

Every taxpayer (whether individual or business) needs to use this form in order for them to be able to pay tax fees which does not require the use of a tax return.

When to file?

This form needs to be accomplished every time that the taxpayer faces due on tax penalties, or when the filer needs to make an advance payment. This can be used once the taxpayer receives a collection letter from the BIR, or when a business taxpayer would settle annual registration fees either for a new business or renewal which should be on or before January 31st of every year.

Please take note that your tax forms will be sent electronically to the BIR until 9pm. Any forms that will be sent beyond that filing deadline will be transmitted within the next business day.

For the updated tax deadline, please visit this page:

https://www.juan.tax/blog/extended-deadlines-of-tax-returns

How to file?

Just like any other tax form, you can e-file and e-pay your forms in JuanTax. View this  link from our Help Center to get started, Filing Taxes in JuanTax.