Revenue Memorandum Circular · RMC

RMC No. 59-2023

To announce the availability of the revised BIR Form No. 2550Q [Quarterly Value-Added Tax (VAT) Return] January 2023 (ENCS) and provide instructions on its use, filing, and payment.

Bureau of Internal RevenueIndependent research copy

Document type: RMC
Number: 59
Year: 2023
Text quality: Not specified

Document text

Reference copy · verify against the official source

RMC No. 59-2023 (May 19, 2023) announces the availability of the revised BIR Form No. 2550Q, the Quarterly Value-Added Tax (VAT) Return, January 2023 (ENCS) version, revised to reflect TRAIN Act (RA 10963) amendments to the Tax Code on VAT filing/payment deadlines, input tax on capital goods, and VAT withholding. The revised form is available on the BIR website but is not yet available in eFPS or eBIRForms, so eFPS/eBIRForms filers must continue using BIR Form No. 2550Q in the eFPS and in Offline eBIRForms Package v7.9.4, while manual filers must download, print, and completely fill out the PDF form or face penalties under Sec. 250 of the Tax Code. The circular also lists accepted online payment channels (LBP Link.BizPortal, DBP PayTax Online, Union Bank Online/The Portal, and TSP GCash, Maya, MyEG) and manual payment through Authorized Agent Banks or, where there are no AABs, through the concerned Revenue Collection Officer.