The fast and stress-free way to filing your Monthly Value Added Tax Declaration (2550M) Online.
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BIR Form 2550M, known as the Monthly Value-Added Tax Declaration, is a crucial document for taxpayers in the Philippines who are registered under the Value-Added Tax (VAT) system. This form is utilized for declaring VAT liabilities on a monthly basis and is applicable to VAT-registered businesses and individuals engaged in the sale of goods or services subject to VAT. The form details the output VAT (on sales) and the allowable input VAT (on purchases) for the month, enabling taxpayers to calculate the net VAT payable to, or refundable by, the Bureau of Internal Revenue (BIR). Filing this form accurately and on time, typically on or before the 20th day following the end of each month, ensures compliance with Philippine tax regulations and avoids potential penalties for late submissions or inaccuracies.
Update: Starting January 1, 2023, there is no need to file 2550M; only file 2550Q: https://www.taxumo.com/blog/vat-filing-2023-update/
The most convenient way of filing your 2550M
The benefits of using our award winning tax compliance solution.
Multiple Payment Channels
Skip the lines at the bank by paying through our different payment channels. Pay using credit/debit card, Paypal, and even through your favorite pawnshop.
Access Anytime, Anywhere
Taxumo is open 24×7 so you can take care of your taxes anytime, anywhere. Finally, you can file your taxes even if you’re on vacation!
Auto-Generated Tax Forms
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Real-time Tax Calculation
Ever experienced “tax bill shock”? With Taxumo, you don’t have to. Taxumo shows you updated tax dues in real time.
Submission of Attachments
The process to create attachments is especially tedious. Let Taxumo automatically create the relevant QAP, SAWT, and SLSP/VAT Relief attachments for each filing.
Mobile Friendly
Taxumo looks great on mobile! As long as you have a smartphone, you can file and pay for your taxes easily.
Trusted by our customers
Here are some of the customers that use Taxumo to file and pay their taxes.
“Taxumo helps me free up my time. I don’t have to schedule my week around tax deadlines anymore.”
Raffy Vicente
RV Marketing and Consultancy
“Paying taxes should not be a pain every month. You can just go online and submit through Taxumo-it’s easy as that.”
Rach Bonifacio
Studio Owner Treehouse Yoga
“Because of Taxumo, I don’t have to worry about taxes. All my passion, all my energy, and all my time can go to my business-and most impor-tantly my family.”
Frances Sales
Writer and Editor – Topaz Horizon