RMC No. 68-2024 — Circularizing the availability of the revised BIR Form No. 2550Q [Quarterly Value-Added Tax (VAT) Return] April 2024 (ENCS) Digest | Full Text | BIR Form No. 2550Q | Guidelines

P JUN 19 2G ^YAT Yt..te EBURFAUOF INTERNAL REVENUE -REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE National Office Building Quezon City REEIWED BUREAU OF INTERNALREVENUE RECORDS MGT.DIVISION 2H JUN'19 Z02} O5v DMIN-

May 30, 2024

REVENUE MEMORANDUM CIRCULAR NO. 68-20Z4 *:

SUBJECT :Circularizing the Availability of the Revised BIR Form No. 2550Q [QuarterIy VaIue-Added Tax (VAT} Return] ApriI 2024 (ENCS)

TO : All Internal Revenue Officers, Empioyees, and Others Corcerned

This Circular is issued to prescribe the newiy'revised BIR Form No. 2550Q [Quarterly Value. Added Tax (VAT) Retura] April 2024 (ENCS) version.

The said return, attached herein as Arnex "A", contains the items/fields listed below in compliance with the provisions of Republic Act (R.A.) No. 11976, otherwise known as the "Ease of Paying TaXes (EOPT) Act":

Item No. Particulars

35 Output VAT on Uncollected Receivables

36 Output VAT on Recovered Uncollected Receivables Previously Deducted 55 Input VAT on Unpaid Payables

58 Input VAT on Settled Unpaid Payables Previously Deducted

made as follows: in the Electronic Filing and Payment System (eFPS) and Electronic Bureau of Internal Revenue under the BIR Forms-VAT/Percentage Tax Returns Section. However, the Form is not yet available Forms (eBIRForms), thus, filing of the returns and payuent of the VAT payable, if any, shall be The revised BIR Form No. 2550Q is already available in the BIR website (www.bir.gov.ph)

A. eFPS Filers

thereon, if any, through the eFPS-Authorized Agent Banks (AABs) where they are enrolled. File using the existing version of BIR Form No. 2550Q in the eFPS and pay the VAT payable

B. eBIRForms Filers

v7.9.4.2 and pay the VAT payabie thereon, if any, through: File using the existing version of BIR Form No. 2550Q in the Offline eBIForms Package

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a) Online Payment

Landbank of the Philippines (LBP) Link.BizPortal -- for taxpayers who PayGate or PESONet facility (depositors of Rizal Commercial Banking have LANDBANK/OFBank ATM account or for taxpayer utilizing PCHC Corporation (RCBC), Robinsons Bank, Union Bank, Bank of the Philippine Island (BPI), Philippirie Savings Bank (PSBank) and Asia United Bank); or

Development Bank of the PHilippines' (DBP PayTax Online) - for taxpayers-holders of VISA/MasterCard Credit Card and/or BancNet ATM/Debit Card; or

b) Manual Payment xTax Software Provider (TSP) - Maya or MyEG Union Bank of the Philippimes (UBP) Online/The Portal Payment Facilities -- for taxpayers who have an account with UBP or Instapay using Any Authorized Agent Bank (AAB); or UPAY Facility (for individual Non-Account holder of Union Bank) RECEIVEID BUREAU OF INTERNAL REVENUE RECORDS MGT.DIVISION 2A0 jUN 19 ZD2} ADMIN-I

In places where there are no AABs, the VAT payable shall be paid with the Revenue Collection Officer (RCO) under any Revenue District Office (RDO). RCO may accept cash payment up to P20,000.00 only or in check regardless of amount, pavable to the "Bureau of Internal Revenue".

the mentioned items in page I of this RMC (Items 35, 36, 55 and 58), they shall use the In cases where the eFPS or eBIRForms filers have amount to be indicated in any of

manual form to file their Value-Added Tax. They shall downioad and print the PDF version of the revised BIR Form No. 2550Q, and must fill out all the applicable fields; otherwise, penalties under Sec. 250 of the Tax Code, as amended, shall be imposed. If there's VAT payable, payment shall be made through:

a) Any Authorized Agent Bank(AAB); or

b) In places where there are no AABs, the return shall be fied and the VAT

P20,000.00 only or in check regardless of amount, payabie to the "Bureau of payable shall be paid with the Revenue Collection Officer (RCO) under any Revenue District Office (RDO). RCO may accept cash payment up to

Internal Revenue".

C. Manual Filers

the applicable fields; otherwise, penalties under Sec. 250 of the Tax Code, as amended, shall be imposed. Payment of the tax due thereon, if any, shall be made through. Download and print the PDF version of the revised BIR Form 2550Q, and must fill out all

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a) Any AAB;or

b) In places where there are no AABs, the return shall be filed and the VAT

payable shall be paid with the RCO under any RDO. RCO may acept cash payment up to P20,000.00 only or in check regardless of amount, payable to the "Bureau of Internal Revenue".

All internal revenue officers, employees, and others concerned are.hereby enjoined to give this Circular as wide a publicity as possible.

ROME0 LUMAGUI, JR.

Hssioner of Internal Revenue

H2

BUREAU OF INTERNAL REVENUE RECORDS MGT DIVISION

JUN 19 22 1

RTCEIEI ADMIN-1

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