Filing Guidelines: Value-Added Tax Return
By: Pamela Ruth G. Calog, CPA
3 months ago
Only one consolidated Monthly VAT Declaration/Quarterly VAT Return shall be filed covering the results of operation of the head office as well as the branches for all lines of business subject to VAT.
The Quarterly Summary Lists of Sales and Purchases shall be submitted in Compact Disk-Recordable (CDR) following the format provided under Section 4.114-3(g) of RR No. 16-2005, as amended by RR No. 1-2012.
The Quarterly Summary Lists of Sales and Purchases shall be submitted through electronic filing facility for taxpayers under the jurisdiction of the Large Taxpayers Service (LTS) and those enrolled under the EFPS.
Procedures on Filing
If there is payment
File the declaration/return, together with the required attachments, and pay the VAT due thereon with any Authorized Agent Bank (AAB) under the jurisdiction of the Revenue District Office (RDO)/Large Taxpayers District Office (LTDO) where the taxpayer (head office of the business establishment) is registered;
Accomplish and submit BIR-prescribed deposit slip, which the bank teller shall machine validate as evidence that payment was received by the AAB. The AAB receiving the tax declaration/return shall stamp mark the word "Received" on the it and a machine shall validate the declaration/return as proof of filing declaration/return and payment of the tax;
In places where there are no AAB, file the declaration/return, together with the required attachments and pay the VAT due with the Revenue Collection Officer (RCO); and
The RCO shall issue a Revenue Official Receipt upon payment of the tax.
If there is no payment, file the BIR return, together with the required attachments, with the RDO/LTDO/Large Taxpayers Assistance Division, Collection Agent having jurisdiction over the registered address of the taxpayer (head office of the business establishment).
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