RMC No. 12-2020: Circularizes the availability of the revised BIR Form No. 2552 [Percentage Tax Return (For Transactions Involving Shares of Stocks Listed and Traded Through the Local Stock Exchange (LSE) or Through Initial and/or Secondary Public Offering)] January 2018 (ENCS)

Summary

RMC No. 12-2020, issued February 7, 2020, announces the revised BIR Form No. 2552, the Percentage Tax Return for transactions involving shares of stock listed and traded through the local stock exchange or through an initial and/or secondary public offering, January 2018 (ENCS).

Key points

1. Availability. The revised manual return is on the BIR website (www.bir.gov.ph) under the VAT/Percentage Tax Returns section. It is not yet in eFPS or eBIRForms.
2. eFPS and eBIRForms filers. They continue to use the existing BIR Form No. 2552 in eFPS and the Offline eBIRForms Package v7.5. A revenue issuance will announce when the revised return is available.
3. Manual filers. They download and print the PDF and fill out all applicable fields, otherwise penalties under Sec. 250 of the Tax Code, as amended, apply.
4. Payment channels. Manual and eBIRForms filers pay through an Authorized Agent Bank in the RDO where the broker or issuer is registered, or with the Revenue Collection Officer through the Mobile Revenue Collection Officer System where there is no AAB. Online options are GCash, the Landbank Linkbiz Portal, Development Bank of the Philippines Tax Online and the Union Bank Online Web and Mobile Payment Facility.

Who is affected

• Brokers and issuers filing for listed shares of stock
• eFPS and eBIRForms filers
• Manual filers

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.