The effectivity of TRAIN Law repealed the monthly filing of the VAT returns (BIR Form No. 2550M) starting January 1, 2023, but retained the filing of the quarterly VAT returns (BIR Form No. 2550Q). Recently, the issuance of Revenue Memorandum Circular (RMC) No. 52-2023 revived the monthly filing but in an optional capacity. 

As such, VAT taxpayers have the option to file their monthly VAT returns using BIR Form No. 2550M for the first two quarters without any deadline, but shall still comply with the quarterly filing of the BIR Form No. 2550Q within twenty-five (25) days following the close of each taxable quarter. Non-filing of BIR Form No. 2550M will not give rise to open cases with the BIR, provided that the filing of the BIR Form No. 2550Q returns is properly complied. 

The procedures and guidelines prescribed by Revenue Regulations Nos. 16-2005 and 6-2014, and RMC No. 68-2005, including other revenue issuances in relation to the use of BIR Form No. 2550M shall continue to apply for the monthly filing.

Please be guided accordingly.



P&A Grant Thornton

Certified Public Accountants

P&A Grant Thornton is the Philippine member firm of Grant Thornton International Ltd.


As published in SunStar Cebu, dated 24 May 2023