Instead, they will file the corresponding Quarterly VAT Return (BIR Form No. 2550Q) within twenty-five (25) days following the close of each taxable quarter. TRANSITORY PROVISION FOR 2023 ...

The Bureau of Internal Revenue (BIR) is no longer requiring taxpayers to file monthly their value-added tax (VAT) returns. In a statement on Thursday, the BIR said the new policy took effect January 1 ...

Starting Jan. 1, 2023, VAT-registered taxpayers are no longer required to file monthly VAT returns (BIR Form 2550M) pursuant to Section 114(A) of the Tax Code of 1997, as amended by RA No. 10963 (the ...