Prepare the quarterly percentage tax worksheet (2551Q)
For non-VAT companies: see the percentage tax worksheet Godo builds from your sales and record the payment.
This worksheet appears for companies set to Non-VAT Registered without the 8% option. It prepares figures from your books. It doesn't file anything, and the rate used is the one in your Company Settings.
Where: Reports › Percentage Tax (2551Q).
The worksheet
Open a quarter to see:
- Gross sales on non-VAT invoices
- Less: credit notes
- Other receipts recorded under Income
- Taxable gross sales / receipts × Tax rate = Percentage tax due
Check the Tax rate in Company Settings with your accountant.
If you sell goods or services exempt under Tax Code Sec. 109 and turned on exempt sales in Invoice Format, lines marked Exempt (Sec. 109) are left out of gross sales, and the worksheet shows how much was left out.
Record the return you filed
After you have filed and paid outside Godo:
- Fill in Date filed / paid, Paid from and Reference.
- Click Record return.
Godo posts the tax expense and the payable, then the payment from your bank.
Note: If the page says This company does not file percentage tax, your Company Settings show VAT-registered, the 8% option or exempt. Check Company Settings if that is wrong. Godo is not the BIR or a tax adviser, so confirm figures and deadlines with your accountant.