How To Generate BIR 2550



BIR 2550 is a form of sales tax imposed on sales or exchange of goods and services. BIR 2550M, also known as Monthly Value-Added Tax Declaration and BIR 2550Q as Quarterly Value-Added Tax Return can be both generated in the QNE System

 

1. Using the Navigation Panel, Go to VAT Module > VAT Declaration

 


 

VAT Declaration Form can be observed to have items listed on the 1st Column (Description), and additional 12 Columns which represent the Months. 

 

Refer to below table for the listed DESCRIPTION, with identification whether value for each month is automatically calculated by the system or is user-inputted (FIELD TYPE) and REMARKS for formula and other notes.








 

Note: VAT Declaration Field ID is only created for reference to easily recognize the values that will reflect in BIR Form 2550


 

2. To start, set the current working Year. The system will display all computed monthly Vatable and VAT Amounts based on the recorded transactions. Fill in all other needed fields.

 




3. Once VAT declaration has been finalized, Click Save or Save and Close.

 


 

BIR 2550 Form can now be generated.

4. Go to Reports > VAT Reports > BIR 2550

 



 

For BIR 2550MMonthly Value-Added Tax Declaration’Set the Report Type to MONTHLY, then select Taxable Month and Year then click Preview

 


 

Below shows the VAT Declaration Field IDs and its corresponding Field No. in BIR 2550M 

Form 




FIELD ID VAT DECLARATION

FIELD IN BIR 2550M

A1 

12A

A2 

13A

A3 

14

A4 

15

16A

B1 

12B

B2 

13B

16B

C1 

17A

C2 

17B

C3 

17C

C4 

17D

C5 

17E

17F

D1 

18A

D2 

18C

D3 

18E

D4 

18G

D5 

18I

D6 

18K

D7 

18M

D8 

18N

18P

E1 

18B

E2 

18D

E3 

18F

E4 

18H

E5 

18J

E6 

18L

E7 

18O

19

F1 

20A

F2 

20B

F3 

20C

F4 

20D

F5 

20E

20F

21

22

I2 

23A

I3 

23B

I4 

23C

I5 

23D

I6 

23E

I7 

23F

23G

24

K1 

25A

K2 

25B

K3 

25C

25D

26





Schedule 4 and 5 portions, amounts will be coming from VAT Declaration F1 – F3.2


FIELD ID VAT DECLARATION

F1 

F2 

F2.1 

F2.2 

F2.3 

F2.4 

F3 

F3.1 

F3.2 


 




For BIR Form 2550Q or Quarterly Value-Added Tax Return, change the filter Report Type to QUARTERLY and Set Period From & To then Click Preview

 

 

 

 

 

 

Below shows the VAT Declaration Field IDs and its corresponding Field No. in BIR 2550Q Form

 

The system will generate the Total Values based on the 3 months covered period.

 

FIELD ID VAT DECLARATION

FIELD IN BIR 2550Q

A1 

15A

A2 

16A

A3 

17A

A4 

18

19A

B1 

15B

B2 

16B

19B

C1 

20A

C2 

20B

C3 

20C

C4 

20D

C5 

20E

20F

D1 

21A

D2 

21C

D3 

21E

D4 

21G

D5 

21I

D6 

21K

D7 

21M

D8 

21N

21P

E1 

21B

E2 

21D

E3 

21F

E4 

21H

E5 

21J

E6 

21L

E7 

21O

22

F1 

23A

F2 

23B

F3

23C

F4 

23D

F5 

23E

23F

24

25

I1 

26A

I2 

26B

I3 

26C

I4 

26

I5 

26E

I6 

26G

I7 

26G

26H

27

K1 

28A

K2 

28B

K3 

28C

28D

29





Same Field IDs will be used but in a per Quarter basis


FIELD ID VAT DECLARATION

F1 

F2 

F2.1 

F2.2 

F2.3 

F2.4 

F3 

F3.1 

F3.2 




 


NOTE:



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