RMC No. 68-2024: Circularizing the availability of the revised BIR Form No. 2550Q [Quarterly Value-Added Tax (VAT) Return] April 2024 (ENCS)

Key points

1. New items. The revised form adds Item 35 (Output VAT on Uncollected Receivables), Item 36 (Output VAT on Recovered Uncollected Receivables Previously Deducted), Item 55 (Input VAT on Unpaid Payables) and Item 58 (Input VAT on Settled Unpaid Payables Previously Deducted), as required by RA No. 11976.
2. Availability. The form is on www.bir.gov.ph under the BIR Forms, VAT/Percentage Tax Returns section. It is not yet in eFPS or eBIRForms.
3. eFPS and eBIRForms filers. eFPS filers use the existing eFPS version and pay through eFPS-enrolled AABs. eBIRForms filers use the existing version in Offline eBIRForms Package V7.9.4.2 and pay online through LBP Link.BizPortal, DBP PayTax Online, UBP Online/The Portal, or Tax Software Providers Maya or MyEG, or manually through an AAB. Where no AAB exists, payment goes to the RCO of any RDO, which accepts cash up to ₱20,000.00 only or a check of any amount payable to the Bureau of Internal Revenue.
4. Amounts in Items 35, 36, 55 or 58. eFPS and eBIRForms filers with an amount in any of these items use the manual form. They print the PDF version and fill out all applicable fields, or penalties under Sec. 250 apply. Payment is through an AAB, or the RCO where no AAB exists.
5. Manual filers. Manual filers download and print the PDF version of the revised form and fill out all applicable fields, or penalties under Sec. 250 apply. Payment is through an AAB or, where none exists, the RCO.

Who is affected

• Quarterly VAT filers using eFPS
• Quarterly VAT filers using eBIRForms
• Manual filers of BIR Form No. 2550Q