REPUBLIC OF THE PHILIPPINES

DEPARTMENT OF FINANCE :lg 0,t.tN rEHn ,Ar xrveilf,'

BUREAU OF INTERNAL REVENUE

HAY. g:12121
Quezon City 4"U0N
@oivrs5il
April 20, 2027

HIEVHNIUIH MEMORAh{T}UMI CIR.CULAR NO " T!5- LAL\

SU BJ HCT Gu[rd,ellfines in tlte Filing of Quarterly Percentage Tax Return

(B,ltlFt Form No. 255ltQ) Starting on the Quarter Ending July
3L,, 2O2O

TO Alll Internal Revenue Officens, Employees, and Others

Ctf nrrcrerned

This Circular is being issued to prescribe the Guidelines in the filing of

rQuarl:erly Pencentag,e 1[ax Fteturn (BIR Form lrlo. 2551Q),which tax rate has been
rlecreased from 3oA to l.o/o starting July 1 , 2020 to June 30, 2023 pursuant tci the
passing of Republic Act (RA) No. 11534 also known as the "Corporate Recovery
and Tax Incentives for Enterprises Act" (CREATE).

In view of tl're foregoing, taxpayers who are going to amend their filed
quarterly returns to refiect the excess percentage tax payment made and to be
r:arried Fonvard to tl're succeeding taxable quarter/s shall follow these:

1. Iv[A[Lral amd re[*IRForms Filers/Users -

Line Item and

BIR. Fornr Remarks
Description
2ss lQ Line L7 - Otl^rer Tax Specify in the space provided
J,anuary 2018 Cred it/Pay m ent the 'Carry-Over Excess
( ENCS) Percentage Tax (PT) Paid
from Previous Quarterf s"

I [[ usEral:ion;

.Ji-lan Dela ()ruz, an eBIRFclrms filer/user, filed a nd pa id h is 3o/o

percentage ta>r n,et.urn for the 3'd and 4th quarters of 2020 as follows:

;r't'"r1"= 3'd Q-uarter of 2020 4th Quarter of 2020

Tota I Incorne/Recei pts P 1,000,000.00 P 1,500,000.0
Percentage Tax Paid 30,000.00 45,000.00

lSince .the tax rate was reduced from 3o/o to lo/o M r. Dela Cruz
,
rJecided to amend lris Iiled return for the 3'd and 4th quafters of 2020 to
reflect the reduce'd lo/o percentage tax rate.

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tl)
$nte,ru-dwent qf -}i'I Q arnef ZOZO
lvlr. Dela Cruz shalI reflect the following amount in ttre return:
Part il - Total Tax Payable
I4 TofrTaxiluf rnrcuu,{ r:u*
l,
Less: Tax f,red!{,Fayn: ent lartach preotl

1 I tlredfrhle Fercen lage per *1F. F am l,lo 23*7 ,I

I
AAA
tl !t{t
]1'f*nneld
'laxPaid
1 -- - -in
16 in RetLm Fre{oustyFiled, ifltris is an lmended Retrrn
i du r'i* i{1
vuv.sv
.-:.;*-;---
II -;; *:- ""-..--
nn*
17 rlilrerTar CreditrPalmenl g>eririr I u.sv

1fl Totat'larCredits,Fayrnenls {Sum aiirem: ls tc lii f-**--" -.

.::: ... Li:.:...::::t.::.:::.:.:.:t.. :.' ::
1$ Tax 5:lit[Papbfer{0verpayn*[tj rten l + leer rtem 1e] l-*--
1
t'':":::'-:

A--t a't-:li:!h Q.aarter 2029

Irr the amenclrnent of 4th quarter of 202A, MF. Dela Cruz shall reflect
the following arnount in the return specifically the overpayment of
P 20,Ct00 frorn the amended 3'd quarter percentage tax return:

14 Trltallal DUe Frc!g!!i4,le . i!s1 i)

t eis. f iy. ir*Uiteaym f nt isri€rr y,,*r,t;

15 (lr*dift:ble Percenlage TaxtrVifihelrJ per 8lR Fonn l,lo 2307

16 TaxPa,d in Refurn PreuouslyFiled. iltris is an Arnended Return

11 OsrelTaxCreditPafnent Excess PT Paid kom Pre*ious Ouarteris I 20 080 *0

!+:clrr1 iCarr]-Orer I

1ll lotal lai Crecibtrapntnb ffium cr uems iE tc ii1

f-"
1ll T;rrt $tlt Pa yahle/{0,e,?aya e*l} qrem 1 4 les; tem 1 Bi j'

i= t l,t n g, ol'ff_Q"Uflrf]f;e r-q f Z ULt

When Mr" Dela Cruz will file his 1't quarterly percentage tax return,,
iassuming his total receipts/incorne is P 500,000.00, he shall reflect the
(l'verpayment l'rorn the previous quarter in Item L7 until the amount is
1'ully utilized"
Par{ lt -Totnl Tax Payable
1,1 Tolal aX D[e E!$jterJq!ll.!lu$.L I

Les;" Iax.CrEditPapent retrach proofl

15 Credrhble FercentaEe T*.t'ffrflrheld per 8lF, Form 1,10.2307 t-*--^

I 00s

16 Tav,Paidin Refurn Preriioustl Filer, if tris is an lflrend*d Return

1? 0rrer'iarcredilFa!,rnenlri*.ra,r Effi;tt tn Pil f'om Pr..;io," 0*l.*-

lil Total',-ax CrerlihFaymenh €.unr i trems t 5 ki'? it
I I Tax St?tt Payable{Overp4m ent),?Bm 1 4 tes lrernr 1 E I

tl)l-
-.
 '2. eFPS Filens/lJsens -

Line ltem and

BIR Form Re ma rks
Descriptlon
2551 February 20h Creditable Where the amount of Carry-
2OA2 (ENCS) Percentage Tax Over Excess Percentage Tax
Withheld per BIR Paid from Previous Quarter/s
Form No. 2307 will be reflected

Ill[u.s'tra,tlon :

Same as tlre illustratiorr in eBIR.Forms except that the account or

item to be usecl llptggd of ntern 17 Other Tax Credit/Payment is Item
.20A Cre,clitab[e Percentage Tax Withheld per BIR Form No. 2307.

To vallidate tlre return in eFPS and,eBIRForms, filer shall mark the option
"nT,D bre issued a llax Gredit Centificate" which is presumed that the taxpayer
will carry o\rer thre overpaid ta>t to thre succeeding taxabne quanten/s once
the said option vuas chosen. For manual filer, neither of the options "To be
R.e'funded" or "To be Issued a Tax Credit Certificate" shall be marked in the said
tax return but rather write the phrase "To be Carried Over" on the return. The
same pnocedure shall be undertaken,, whether the return was filed rnanually or
electronically, by the taxpa)rer subject to percentage tax until the overpaid amount
has b,een 1'ully utilize,C.

All concerned are hereby enjoined to give this Circular as wide a publicity
as possible.

CAESAR R..DULAY
Commissioner of Internal Revenue
h' o43z 14
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H tu rEnnaL ReVervue

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