- The monthly VAT declaration return should be filed and the tax due thereon should be paid on or before the 20th day of the following month using BIR Form 2550M.Example:
Tax on the Gross Sales Receipts received in January should be paid not later than February 20.
- The quarterly VAT Return should be filed and the tax due thereon should be paid on or before the 25th day of the month following the end of each quarter using BIR Form 2550Q.Example:
Tax on the Gross sales receipts (GSR) received in March must be paid and the VAT return must be filed not later than April 25. But instead of the monthly return (BIR Form 2550 M) the quarterly return (BIR Form 2550 Q) should be used and must also report GSR in January and February.