{"id":8816,"date":"2021-05-20T11:14:55","date_gmt":"2021-05-20T03:14:55","guid":{"rendered":"https:\/\/qne.cloud\/ph\/?p=8816"},"modified":"2026-04-27T14:34:57","modified_gmt":"2026-04-27T06:34:57","slug":"need-know-bir-form-2550q","status":"publish","type":"post","link":"https:\/\/qne.cloud\/ph\/need-know-bir-form-2550q\/","title":{"rendered":"Need to Know: BIR Form 2550Q (2023)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8816\" class=\"elementor elementor-8816\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e29545d e-flex e-con-boxed e-con e-parent\" data-id=\"e29545d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3175c00 elementor-widget elementor-widget-spacer\" data-id=\"3175c00\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-efcd687 elementor-widget elementor-widget-heading\" data-id=\"efcd687\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Need to Know: BIR Form 2550Q (2023)<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0230a1b elementor-widget elementor-widget-spacer\" data-id=\"0230a1b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8de648f e-flex e-con-boxed e-con e-parent\" data-id=\"8de648f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-f42743d elementor-widget elementor-widget-image\" data-id=\"f42743d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/qne.cloud\/wp-content\/uploads\/sites\/7\/2021\/05\/2550Q-100.png\" title=\"\" alt=\"2550Q\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb2ca76 e-n-tabs-mobile elementor-widget elementor-widget-n-tabs\" data-id=\"fb2ca76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"nested-tabs.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-tabs\" data-widget-number=\"263375478\" aria-label=\"Tabs. Open items with Enter or Space, close with Escape and navigate using the Arrow keys.\">\n\t\t\t<div class=\"e-n-tabs-heading\" role=\"tablist\">\n\t\t\t\t\t<button id=\"e-n-tab-title-2633754781\" data-tab-title-id=\"e-n-tab-title-2633754781\" class=\"e-n-tab-title\" aria-selected=\"true\" data-tab-index=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"e-n-tab-content-2633754781\" style=\"--n-tabs-title-order: 1;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tWHAT IS BIR FORM 2550Q?\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-2633754782\" data-tab-title-id=\"e-n-tab-title-2633754782\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-2633754782\" style=\"--n-tabs-title-order: 2;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tWHO MUST FILE BIR FORM 2550Q?\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-2633754783\" data-tab-title-id=\"e-n-tab-title-2633754783\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-2633754783\" style=\"--n-tabs-title-order: 3;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tWHEN TO FILE BIR FORM 2550Q?\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t<button id=\"e-n-tab-title-2633754784\" data-tab-title-id=\"e-n-tab-title-2633754784\" class=\"e-n-tab-title\" aria-selected=\"false\" data-tab-index=\"4\" role=\"tab\" tabindex=\"-1\" aria-controls=\"e-n-tab-content-2633754784\" style=\"--n-tabs-title-order: 4;\">\n\t\t\t\t\t\t<span class=\"e-n-tab-title-text\">\n\t\t\t\tBIR FORM 2550Q SAMPLE\t\t\t<\/span>\n\t\t<\/button>\n\t\t\t\t\t<\/div>\n\t\t\t<div class=\"e-n-tabs-content\">\n\t\t\t\t<div id=\"e-n-tab-content-2633754781\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-2633754781\" data-tab-index=\"1\" style=\"--n-tabs-title-order: 1;\" class=\"e-active elementor-element elementor-element-b2a3308 e-con-full e-flex e-con e-child\" data-id=\"b2a3308\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2fbd5bc elementor-widget elementor-widget-text-editor\" data-id=\"2fbd5bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">Similar to <span style=\"color: #e4ab00;\"><a style=\"color: #e4ab00;\" href=\"https:\/\/qne.cloud\/ph\/bir-form-2550m\/\">BIR Form 2550M<\/a><\/span>, BIR Form 2550Q also known as the Quarterly Value-Added Tax Return is a form imposed on sales goods and services. An indirect tax (VAT) that is passed to the buyers who consumes the products and services.<\/span><\/p><p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\"><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"https:\/\/en.wikipedia.org\/wiki\/Value-added_tax\" target=\"_blank\" rel=\"noopener\">VAT<\/a> <\/span>or Value Added Tax is an indirect tax which is passed to the buyer who consumes the goods or services.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-2633754782\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-2633754782\" data-tab-index=\"2\" style=\"--n-tabs-title-order: 2;\" class=\" elementor-element elementor-element-dbf6212 e-con-full e-flex e-con e-child\" data-id=\"dbf6212\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fe740eb elementor-widget elementor-widget-text-editor\" data-id=\"fe740eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">This form shall be filed in triplicate by the following taxpayers;<\/span><\/p><ol style=\"text-align: justify;\"><li style=\"list-style-type: none;\"><ol><li><span style=\"font-size: 12pt;\">VAT-registered person; and<\/span><\/li><li><span style=\"font-size: 12pt;\">A person required to register as a VAT taxpayer but failed to register.<\/span><\/li><\/ol><\/li><\/ol><p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">This document must be filed by the above-mentioned taxpayers as long as the VAT registration has not been cancelled yet, even if there is no taxable transaction during the month or the aggregate sales for any 12-month period did not exceed the threshold of \u20b11,500,000.00.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-2633754783\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-2633754783\" data-tab-index=\"3\" style=\"--n-tabs-title-order: 3;\" class=\" elementor-element elementor-element-d292057 e-con-full e-flex e-con e-child\" data-id=\"d292057\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-10c0a4c elementor-widget elementor-widget-text-editor\" data-id=\"10c0a4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 12pt;\">This form shall be filed not later than the 25<sup>th<\/sup> day following the close of each taxable quarter. <\/span><span style=\"font-size: 12pt;\">The &#8220;Taxable Quarter&#8221; term means the quarter that is corresponding to the income tax quarter of the taxpayer.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div id=\"e-n-tab-content-2633754784\" role=\"tabpanel\" aria-labelledby=\"e-n-tab-title-2633754784\" data-tab-index=\"4\" style=\"--n-tabs-title-order: 4;\" class=\" elementor-element elementor-element-8df7cd2 e-flex e-con-boxed e-con e-child\" data-id=\"8df7cd2\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-98ab3c8 e-con-full e-flex e-con e-child\" data-id=\"98ab3c8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fff0945 elementor-widget elementor-widget-text-editor\" data-id=\"fff0945\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-size: 12pt;\">Updated BIR Form 2550Q Sample (<span style=\"color: #e4ab00;\"><a style=\"color: #e4ab00;\" href=\"https:\/\/www.bir.gov.ph\/index.php\/revenue-issuances\/revenue-memorandum-circulars\/2023-revenue-memorandum-circulars.html\" target=\"_blank\" rel=\"noopener\">Download<\/a><\/span> to see full size)<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7aaab80 elementor-widget elementor-widget-image-gallery\" data-id=\"7aaab80\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image-gallery.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-image-gallery\">\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6da85e1 elementor-widget elementor-widget-text-editor\" data-id=\"6da85e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">As of May 19, 2023 the latest 2550Q Form is <span style=\"color: #e4ab00;\"><strong><a style=\"color: #e4ab00;\" href=\"https:\/\/www.bir.gov.ph\/index.php\/revenue-issuances\/revenue-memorandum-circulars\/2023-revenue-memorandum-circulars.html\" target=\"_blank\" rel=\"noopener\">available on the BIR Website<\/a><\/strong><\/span> (RMC 59-2023) for download but have yet to be available in the Electronic Filing and Payment System (eFPS) and Electronic Bureau of Internal Revenue Forms (eBIRForms). A separate issuance shall be released once the new BIR Form 2550Q is available on both eFPS and Offline eBIRForms Package. For the meantime, the existing form shall be used in the said platforms in filing and paying VAT.<\/span><\/p>\n<p><span style=\"font-size: 12pt;\">In QNE Optimum <span style=\"color: #e4ab00;\"><a style=\"color: #e4ab00;\" href=\"https:\/\/qne.cloud\/ph\/\">Accounting System<\/a><\/span>, BIR Form 2550Q, <span style=\"color: #e4ab00;\"><a style=\"color: #e4ab00;\" href=\"https:\/\/qne.cloud\/ph\/bir-form-1601-eq\/\">BIR Form 1601EQ<\/a><\/span> and other BIR Forms and Reports can be easily generated when the company records the Billing Statements, Purchase Invoices or in Payment Vouchers or Bills.&nbsp;<\/span>N3 AI Accounting (formerly&nbsp;<span style=\"font-size: 12pt;\">QNE Accounting System) also provides accurate values that allows the company or individual to have more time in other tasks.&nbsp;<\/span>N3 AI Accounting (formerly&nbsp;<span style=\"font-size: 12pt;\">QNE Accounting System) will greatly help you prepare your BIR Forms ahead of your deadlines!<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 12pt;\">If you are interested in upgrading to a BIR-Ready Online Accounting System, take your accounting to a whole new level and unleash the power of AI with&nbsp;<\/span>N3 AI Accounting (formerly&nbsp;<span style=\"font-size: 12pt;\">QNE Cloud Accounting Software. Create your<\/span><span style=\"font-size: 12pt; color: rgb(228, 171, 0);\"> <a style=\"color: #e4ab00;\" href=\"https:\/\/account.qne.cloud\/#\/passport\/register?utm_source=WS&amp;utm_medium=B&amp;utm_campaign=052021-6\">FREE&nbsp;<\/a><\/span><font color=\"#e4ab00\">N3 AI Accounting (formerly&nbsp;<\/font><span style=\"font-size: 12pt; color: rgb(228, 171, 0);\"><a style=\"color: #e4ab00;\" href=\"https:\/\/account.qne.cloud\/#\/passport\/register?utm_source=WS&amp;utm_medium=B&amp;utm_campaign=052021-6\">Cloud Accounting) Plan<\/a> <\/span><span style=\"font-size: 12pt;\">now!<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Need to Know: BIR Form 2550Q (2023) WHAT IS BIR FORM 2550Q? WHO MUST FILE BIR FORM 2550Q? WHEN TO FILE BIR FORM 2550Q? BIR FORM 2550Q SAMPLE Similar to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8859,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":""},"categories":[26,20],"tags":[],"class_list":["post-8816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bir-new-and-updates","category-blog-post"],"_links":{"self":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/posts\/8816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/comments?post=8816"}],"version-history":[{"count":0,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/posts\/8816\/revisions"}],"wp:attachment":[{"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/media?parent=8816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/categories?post=8816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qne.cloud\/ph\/wp-json\/wp\/v2\/tags?post=8816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}