To clarify the rules, the BIR issued Revenue Memorandum Circular (RMC) No. 5-2023 providing transitory rules for the implementation of the quarterly filing of VAT returns.

The Philippine Tax Whiz discusses the newly-implemented provision for the Quarterly Filing of VAT returns starting January 1, 2023 Yes. Under TRAIN Law, starting from January 1, 2023, the filing ...

With the said provision, the BIR said VAT-registered taxpayers will now file their corresponding Quarterly Value-Added Tax Return or BIR Form No. 2550Q within 25 days following the close of each ...

How to File Quarterly Taxes: Your FAQs Asked and Answered If you’re self-employed, you’ll want to read this: everything you need to know about quarterly tax filings and payments.

You need to file a quarterly VAT return (BIR Form 2550Q) to consolidate your quarterly sales and purchases. It’s different from the monthly VAT return (BIR Form 2550M). 3.