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BIR Form No.

2550-M

For the Month of

(MM/YYYY)

TIN

Taxpayer's Name

111

222

9 Registered Address

333

12 - December

Page 1 of 4

Amended Return?

2016

000

PLANETOIDAL LEGION, INC.

5RDO
Code

Yes

No No. of Sheets Attached

6 Line of Business

082

8Telephone No.

N. BACALSO ST. MAMBALING, CEBU CITY

11 Are you availing of tax relief under Special Law / International Tax Treaty?

Yes

10Zip Code
No

Sales/Receipts for the Month (Exclusive of VAT)


8,000,000.00
12A
12B

14 Zero Rated Sales/Receipts

14

1,000,000.00

16A

9,800,000.00

15 Exempt Sales/Receipts

16 Total Sales/Receipts and Output Tax Due


17 Less: Allowable Input Tax
17AInput Tax Carried Over from Previous Period

13A
15

13B

500,000.00

300,000.00

17CTransitional Input Tax

17FTotal (Sum of Item 17A, 17B, 17C, 17D & 17E)


18 Current Transactions
18A/B Purchase of Capital Goods not exceeding P1Million (See
18A
Sch. 2 )
18C/D Purchase of Capital Goods exceeding P1Million (See Sch.
18C
3)
18E
18E/FDomestic Purchases of Goods Other than Capital Goods

Purchases
0.00

60,000.00

40,000.00

17C

0.00

0.00
0.00

0.00

17F

40,000.00

18B

0.00

18D

0.00

960,000.00

17A

17E

17EOthers

Output Tax Due for the Month

1,020,000.00

17D

17DPresumptive Input Tax

6000

16B
17B

17BInput Tax Deferred on Capital Goods Exceeding P1Million from Previous Period

2353365

If yes, specify

12Vatable Sales/Receipt - Private ( Sch. 1 )


13 Sales to Government

0.00

18F

780,000.00

18J

54,000.00

240,000.00
18N
18O
18N/OOthers
18PTotal Current Purchases (Sum of Item 18A, 18C, 18E, 18G,
8,000,000.00
18P
18I, 18K, 18M & 18N)
19
19Total Available Input Tax (Sum of Item 17F, 18B, 18D, 18F, 18H, 18J, 18L & 18O)
20 Less: Deductions from Input Tax
20A Input Tax on Purchases of Capital Goods exceeding P1Million deferred for the succeeding period (See Sch. 3 )20A

28,800.00

18G/HImportation of Goods Other than Capital Goods

18G

18K/LServices rendered by Non-residents

18K

18I/JDomestic Purchase of Services

18MPurchases Not Qualified for Input Tax

6,500,000.00

18H

600,000.00

18I

450,000.00

18M

210,000.00

18L

0.00

20BInput Tax on Sale to Gov't. closed to expense ( Sch. 4 )

20B

20D VAT Refund/TCC claimed

20D

20C

20C Input Tax allocable to Exempt Sales ( Sch. 5 )

20E

20E Others

20F

20F Total (Sum of Item 20A, 20B, 20C, 20D & 20E)

21

21Total Allowable Input Tax (Item 19 less Item 20F)

22

22Net VAT Payable (Item 16B less Item 21)


23 Less: Tax Credits/Payments
23ACreditable Value-Added Tax Withheld (See Sch. 6 )
23CVAT withheld on Sales to Government ( Sch. 8 )

26Total Amount Payable/ (Overpayment) (Sum of Items 24 & 25D)

Interest

0.00

25C

Compromise
0.00

0.00
0.00

0.00

-41,200.00

1,016,000.00

0.00

23G

23GTotal Tax Credits/Payment (Sum of Item 23A, 23B, 23C, 23D & 23E)

0.00

-41,200.00

23C
23F

23FOthers

974,800.00

0.00

23E

23EAdvance Payments made (please attach proof of payments - BIR Form No. 0605)

0.00

23A
23D

23DVAT paid in return previously filed, if this is an amended return

72,000.00

4,000.00

23B

23BAdvance Payment ( Sch. 7 )

24Tax Still Payable/(Overpayment) (Item 22 less Item 23F)


25
Add Penalties
Surcharge
0.00
25A
25B

24
26

25D

0.00
0.00

0.00

0.00

0.00

4,000.00

4,000.00

0.00

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BIR Form No. 2550-M

Page 2 of 4

Schedule1ScheduleofSales/ReceiptsandOutputTax(Attachadditionalsheet,ifnecessary)

IndustryCoveredbyVAT

AmountofSales/ReceiptsFor
thePeriod

ATC

VM010

VAT -MANUFACTURING IN GEN.

ToItem12A/B

Schedule2

OutputTaxforthePeriod

8,000,000.00

8,000,000.00

Purchases/ImportationofCapitalGoods(AggregateAmountNotExceedingP1Million)

DatePurchased

Description

Amount(NetofVAT)

ToItem18A/B

960,000.00
960,000.00

InputTax

0.00

0.00

Schedule3Purchases/ImportationofCapitalGoods(AggregateAmountExceedsP1Million)

A)Purchases/ImportationsThisPeriod

Date
Purchased

Description

Amount(NetofVAT)

InputTax(C*TaxRate)

Est.Life(in
months)

Total(ToItem18C/D)

0.00

0.00

Recognized
Life(In
Allowable
BalanceofInputTaxto
Months)Useful InputTaxfor
becarriedtoNext
lifeor60mos. thePeriod(D)
Period(D)less(G)
(whicheveris dividedby(F)
shorter)
F
G
H
0.00

B)Purchases/ImportationsPreviousPeriod

DatePurchased

Description

Amount(Netof
VAT)

BalanceofInput
Taxfrom
previousperiod

Est.Life(in
months)

Total

RecognizedLife
AllowableInput
(InMonths)Useful
BalanceofInputTaxto
Taxforthe
lifeor60mos.
becarriedtoNext
Period(D)
(whicheveris
Period(D)less(G)
dividedby(F)
shorter)
F
G
H

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0.00

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BIR Form No. 2550-M

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Total

C)TotalInputTaxDeferredforfutureperiodfromcurrentandpreviouspurchase(Toitem20A)

0.00

Schedule4InputTaxAttributabletoSaletoGovernment

28,800.00

Input Tax directly attributable to sale to government


Add: Ratable portion of Input Tax not directly attributable to any activity:
Taxable sales to government

--------------------------------------------Total Sales

500,000.00

X Amount of Input Tax not


directly attributable

9,800,000.00

0.00

0.00

Total Input Tax attributable to sale to government

28,800.00

Input Tax on Sale to Govt. closed to expense (To Item 20B)

-41,200.00

70,000.00

Less: Standard Input Tax to sale to government

Schedule5InputTaxAttributabletoExemptSales

0.00

Input Tax directly attributable to exempt sale


Add: Ratable portion of Input Tax not directly attributable to any activity:
0.00

Taxable Exempt Sale

--------------------------------------------Total Sales

PeriodCovered

0.00

X Amount of Input Tax not directly attributable

0.00

0.00

Schedule6TaxWithheldClaimedasTaxCredit

NameofWithholdingAgent

IncomePayment

TotalTaxWithheld

Total(ToItem23A)

PeriodCovered

NameofMiller

Schedule7ScheduleofAdvancePayment

NameofTaxPayer

OfficialReceiptNumber

AmountPaid

0.00

AppliedCurrentmo.
0.00

Schedule8VATWithheldonSalestoGovernment

NameofWithholdingAgent

AppliedCurrentmo.
0.00

Total(ToItem23B)

PeriodCovered

0.00

Total input tax attributable to exempt sale (To item 20 C)

IncomePayment

TotalTaxWithheld

0.00

0.00

AppliedCurrentmo.

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0.00

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BIR Form No. 2550-M

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Total(ToItem23C)

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12/4/2016

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