Need to know for Percentage Tax Filer in the Philippines

Who are required to Pay Percentage tax ?

• Non VAT Registered Taxpayer
• Income taxpayer whose annual revenue is below 3Million
• Financial Institutions
• Franchisees companies whose revenue is below 10Million like gas/ water utilities, radio/TV broadcasting 

When to file ?

• Filed on or before 25th day after taxabale quarter

What Forms to File ?

• BIR Form 2551Q - Quarterly Percentage Tax
• BIR Form 1701Q - Quarterly Income tax if applicable
• BIR Form 0605 - Annual Registration Form

Penalties may incur due to non filing 

• Failure to file and pay quarterly percentage tax
• Filing of return in the wrong venue

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