Procedures in accomplishing the BIR Form No. 2550Q
Steps
Hint: Use tab to move to the next enterable field
1
Item 1 indicates the filing year of the Tax Return. ("For the Year (MM/YYYY)")
2
Select the quarter for the period covered. (Item 2 "Quarter 1/2/3/4")
3
Item 4 indicates if the form is an amendment or not. This is automatically populated by the system. 
4
Check Return Period From and Return Period To (MM/DD/YYYY), this will be automatically populated by data once Item 2 is selected.
5
Indicate the number of sheets of the tax return. (Item 5 "No. of sheets attached")
6
Background information is automatically displayed. (Item 6"TIN", Item 7"RDO Code", Item 8"Line of Business/Occupation", Item 9"Taxpayer's Name", Item 10 "Telephone Number", Item 11 "Registered Address", Item 12 "Zip Code")
7
Select 'Yes' or 'No' to indicate if you are availing of tax relief then specify if the tax relief is under Special Rate or International Tax Treaty. (Item 13 "Are you availing of tax relief under Special Law or International Tax Treaty?"). Selecting Yes will enable If yes please specify list box and make it mandatory.
8
Click '14A - 18A' to retrieve the alphanumeric tax codes and it's corresponding industry classification. (Item 14-18 "Taxable Transaction Per Industry Classification", Item 14A-18A "ATC")
9
Indicate the sales for the quarter. (Item 14B-18B "Sales/Receipts For the Quarter")
10
After entering the sales amount, the tax due is automatically computed upon validation. (Item 14C-18C "Tax Due For the Month")
11
The total sales and tax due are automatically computed upon validation. (Item 19A & 19B "Total Sales/Receipts & Output Tax (Sum of Items 14B to 18B & 14C to 18C)")
12
Indicate the amount of zero rated sales. (Item 20"Zero Rated Sales/Receipts")
13
Indicate the amount of exempt sales. (Item 21 "Exempt Sales/Receipts")
14
The total sales amount is automatically computed upon validation. (Item 22 "Total Sales/Receipts (Sum of Items 19A, 20, and 21")
15
Indicate the transitional tax amount. (Item 23A "Transitional Input Tax")
16
Indicate the Presumptive tax amount. (Item 23B "Presumptive Input Tax")
17
Indicate the amount of the carried over from previous quarter. (Item 23C "Input Tax Carried Over from Previous Quarter")
18
Indicate the amount of domestic purchases (Items 23D, 23F,and 23H) values of Items(23E, 23G, 23I) will be computed upon validation
19

Indicate the amount of Services Rendered by Non-Resident (Item 23J) value of Item 23K will be computed upon validation

20
Indicate the amount of importation of goods (Item 23L and 23N " Importation of Goods for the Quarter") values of items 23M and 23O will be computed upon validation.
21
Indicate the amount of purchases not qualified for input tax. (Item 23P "Purchases Not Qualified for Input Tax")
22
The total purchases is automatically computed upon validation. (Item 23Q "Total Purchases (Sum of Items 23D, 23F, 23H, 23J, 23L, 23N, and 23P") will be automatically computed upon validation.
23
The total of input tax is automatically computed upon validation. (Item 24 "Total Available Input Taxes (Sum of Items 23A, 23B, 23C, 23E, 23G, 23I, 23K, 23M and 23O) will be automatically computed upon validation.
24
Indicate the amount of refund or TCC claimed. (Item 25A "Any VAT Refund/TCC Claimed")
25
Indicate the amount of excess input tax. (Item 25B "Excess Input tax carried over to succeeding quarter, if this is an amended return")
26
The total deduction from input tax is automatically computed upon validation. (Item 25C "Total (Sum of Items 25A and 25B)")
27
Indicates the difference between the total input tax and total deduction. (Item 26 "Net Creditable Input Tax (Item 24 less Item 25C")
28
Indicates the difference between the total output tax and net creditable input tax. (Item 27 "VAT Payable/(Excess Input Tax) (Item 19B less Item 26)")
29
Indicate the amount of Excess payment in the previous return (Item 28A.)
30
Indicate the amount of monthly VAT payments. (Item 28B "Monthly VAT Payments :previous two months")
31
Click on schedule1 cursor will move on the first field of schedule 1 fill up schedule 1, upon validation Item 28C will be automatically computed (Total Applied Previous 2 Months + Total Applied Current Month : from Schedule 1)
32
Click on schedule2 cursor will move on the first field of schedule 2 fill up schedule 2, upon validation Item 28D will be automatically computed (Total Applied Previous 2 Months + Total Applied Current Month : from Schedule 2)
33
If amended return, indicate the amount of VAT paid in the previously filed tax return. (Item 28E "VAT paid in return previously filed, if this is an amended return")
34
The total tax credits is automatically computed upon validation. (Item 28F " Total (Sum of Items 28A to 28E)")Indicate the additional penalties and the total will be automatically computed upon validation.
35
Indicates the difference between VAT payable and tax credits. (Item 29 "Tax Payable/(Overpayment) (Item 27 less Item 28F)")
36
Indicate the additional penalties and the total will be automatically computed upon validation. (Item 30A "Surcharge", Item 30B "Interest", Item 30C "Compromise", Item 30D "Total Amount")
37
Indicates the sum of tax payable and total penalties. (Item 30 "Total Amount Payable/(Overpayment) (Sum of Items 29 and 30D)")

38

If the form was successfully Validated by the system, check the outcome of the validation by observing the following computed fields in item nos.: 14C-18C, 19A-19B, 22, 23E, 23G, 23I, 23K, 23M, 23O, 23Q, 24, 25C, 26, 27, 28F, 29, 30D and 31. If you want to edit some input fields, click the Edit button. If you are already satisfied with he result and all the information is correct, click the Submit button.

39

The taxpayer can now attach supplementary documents by clicking on the Add Attachment button. A separate window will be displayed to facilitate the process. Attachments are done on a per file basis. 

Please note that the system currently accept files of the following format only: *.zip, *.xls, *.dat, *.csv. The taxpayer will be prompted if the file is not a valid format.

We do suggest that you upload your files in zip format to shorten the process.

40
A reference number will be given by the system for filed tax return.