RULES ON VAT TAXATION OF POULTRY AND FEEDS

LIVESTOCK POULTRY PETS

IMPORTATION OF X X ✓
IMPORTATION OF FEEDS FOR X X ✓
IMPORTATION OF FEED INGREDIENTS FOR X X ✓
NOTE: The importation of ingredients for the processing of foods for human consumption is VATABLE because
processed human foods are vatable

CUSTOM DUTIES IS COMPUTED

DUTIABLE VALUE P XX
MULTIPLY EXCHANGE RATE XX
MULTIPLY RATE OF DUTY P XX

TYPES OF BUSINESS TAX RETURNS

VAT TAXPAYERS NON-VAT TAXPAYERS
MONTHLY TAX RETURN BIR FORM 2550 M BIR FORM 2551 M
QUARTERLY TAX RETURN BIR FORM 2550 Q BIR FORM 2551 Q

DEADLINE OF BUSINESS TAX RETURNS

VAT TAXPAYERS NON-VAT TAXPAYERS
MONTHLY TAX RETURN within 20 day from the end of month within 20 days from the end of the month
QUARTERLY TAX within 25 days from the end of the
within 20 days from the end of the quarter
RETURN quarter

IN SUMMARY: SCOPE of VAT amd PERCENTAGE TAX

VAT-REGISTERED BUSINESS NON-VAT BUSINESS
Exempt sales of goods and
NO TAX NO TAX
services
Sales of service specifically PERCENTAGE TAX OF VARIOUS PERCENTAGE TAX OF VARIOUS
subject to percentage tax TAX RATES TAX RATES
Vatable sales of goods or
12% VAT 3% PERCENTAGE TAX
service