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Quarterly Value-Added Tax Return

This document is a Quarterly Value-Added Tax Return form submitted to the Bureau of Internal Revenue of the Philippines for the 1st quarter of 2020. It summarizes the sales, purchases, input tax, and output tax of Atlas Gen. Const. and Enterprises Corp., which had PHP 7.06 million in sales to the government and PHP 847,202.10 in output tax due for the quarter. Total available input tax for the period was PHP 734,580.10, resulting in no net VAT payable.

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Francis M. Tabajonda
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147 views

Quarterly Value-Added Tax Return

This document is a Quarterly Value-Added Tax Return form submitted to the Bureau of Internal Revenue of the Philippines for the 1st quarter of 2020. It summarizes the sales, purchases, input tax, and output tax of Atlas Gen. Const. and Enterprises Corp., which had PHP 7.06 million in sales to the government and PHP 847,202.10 in output tax due for the quarter. Total available input tax for the period was PHP 734,580.10, resulting in no net VAT payable.

Uploaded by

Francis M. Tabajonda
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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|| BIR Form 2550Q || https://efps.bir.gov.ph/faces/EFPSWeb_war/forms/2550Q/2550q_v3.

xhtml

Guidelines and Instructions | Help


Reference No:102000035660612
Date Filed:May 15, 2020 09:58 AM
Batch Number:0

PSIC: 4520
Bir Form No.
Republika ng Pilipinas
Kagawaran ng Pananalapi
Quarterly Value-Added 2550-Q
Kawanihan ng Rentas Internas
Tax Return February 2007 (ENCS)
(Cumulative For 3 Months)

From 4 Amended 5 Short


1 For the
Year Ended
2 Quarter 3 Return Period Return? Period
Calendar Fiscal (MM/DD/YYYY) To 01/01/2020 Return?
(MM/YYYY)
03/31/2020 YesNo YesNo
December 2020 1st 2nd3rd 4th

7 RDO 8 No. of
6 TIN 008 297 021 000 23B sheets 0 9 Line of BUILDING OF CONSTRUCTIONS OR PART
Code Business
attached
10 Taxpayer's Name (For Individual) Last Name, First Name, Middle Name/ (For Non-individual) Registered Name 11 Telephone Number
ATLAS GEN. CONST. AND ENTERPRISES CORP.
12 Registered Address 13 Zip Code
NECOSIP COMPOUND DAAN SARILE NUEVA ECIJA 3100

Are you availing of tax relief under Special


14 Law or International Tax Treaty? If yes, please specify
Yes No

PART II Computation of Tax


Sales/Receipts for the Quarter (Exclusive of VAT) Output Tax Due for the Quarter
15 Vatable Sales/Receipt - Private (see Sch. 1 ) 15A 0.00 15B 0.00

16 Sale to Government 16A 7,060,017.50 16B 847,202.10


17 Zero Rated Sales/Receipts 17 0.00
18 Exempt Sales/Receipts 18 0.00
19 Total Sales/Receipts and Output Tax Due 19A 7,060,017.50 19B 847,202.10
20 Less: Allowable Input Tax
20A Input Tax Carried Over from Previous Period 20A 0.00
20B Input Tax Deferred on Capital Goods Exceeding P1Million from Previous Quarter 20B 0.00
20C Transitional Input Tax 20C 0.00
20D Presumptive Input Tax 20D 0.00
20E Others 20E 0.00
20F Total (Sum of Item 20A, 20B, 20C, 20D & 20E) 20F 0.00
21 Current Transactions Purchases
Purchase of Capital Goods not exceeding P1Million (see Sch.
21A/B 2 ) 21A 0.00 21B 0.00

21C/D Purchase of Capital Goods exceeding P1Million (see Sch. 3 ) 21C 0.00 21D 0.00

21E/F Domestic Purchases of Goods Other than Capital Goods 21E 6,121,500.80 21F 734,580.10
21G/H Importation of Goods Other than Capital Goods 21G 0.00 21H 0.00
21I/J Domestic Purchase of Services 21I 0.00 21J 0.00
21K/L Services Rendered by Non-residents 21K 0.00 21L 0.00
21M Purchases Not Qualified for Input Tax 21M 0.00
21N/O Others 21N 0.00 21O 0.00
Total Current Purchases (Sum of Item 21A, 21C, 21E, 21G,
21P 21I, 21K, 21M & 21N) 21P 6,121,500.80

22 Total Available Input Tax (Sum of Item 20F, 21B, 21D, 21F, 21H, 21J, 21L & 21O) 22 734,580.10
23 Less: Deductions from Input Tax
Input Tax on Purchases of Capital Goods exceeding P1Million deferred for the succeeding period (see Sch. 3
23A )
23A 0.00

23B Input Tax on Sale to Gov't. closed to expense (see Sch. 4 ) 23B 0.00
23C Input Tax allocable to Exempt Sales (see Sch. 5 ) 23C 0.00

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|| BIR Form 2550Q || https://efps.bir.gov.ph/faces/EFPSWeb_war/forms/2550Q/2550q_v3.xhtml

23D VAT Refund / TCC claimed 23D 0.00


23E Others 23E 0.00
23F Total (Sum of Item 23A, 23B, 23C, 23D & 23E) 23F 0.00

24 Total Allowable Input Tax (Item 22 less Item 23F) 24 734,580.10

25 Net VAT Payable (item 19B less Item 24) 25 112,622.00

26 Less: Tax Credits/Payments


26A Monthly VAT Payments - previous two months 26A 13,202.56
26B Creditable Value-Added Tax Withheld (see Sch. 6 ) 26B 0.00
Advance Payment for Sugar and Flour Industries (see Sch.
26C 7)
26C 0.00

26D VAT withheld on Sales to Government (see Sch. 8 ) 26D 353,000.88


VAT paid in return previously filed, if this is an amended
26E return 26E 0.00
Advance Payments made (please attach proof of payments -
26F BIR Form No. 0605) 26F 0.00
26G Others 26G 0.00
Total Tax Credits/Payments(Sum of Item 26A, 26B, 26C, 26D,
26H 26E, 26F, & 26G) 26H 366,203.44

27 Tax Still Payable/ (Overpayment) (Item 25 less Item 26H) 27 -253,581.44


28 Add: Penalties Surcharge Interest Compromise

28A 0.00 28B 0.00 28C 0.00 28D 0.00

29 Total Amount Payable (Overpayment) (Sum of Item 27& 28D) 29 -253,581.44


Attachments

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2 of 2 6/26/2020, 4:58 pm

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