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  1. #1
    New Member
    Join Date
    Dec 2011
    Thanked 0 Times in 0 Posts

    help! filling out bir form 2550M

    What's the proper presentation of Input Tax already withheld by our customer (govt) on BIR form 2550M?
    Do I place it to 23C (VAT withheld on sale to govt sched 8) or to 20B (input tax on sale to govt close to expense sched 4) ?

  2. #2
    Regular Member
    Join Date
    Jul 2011
    Pasay-Makati City, Metro Manila
    Thanked 20 Times in 18 Posts
    Hi Yang. Both at 23C and 20B after a series of computations tending to balance the impact of final withholding VAT and related input taxes. Procedure is quite complicated. For better learning, I suggest you participate our trainings and workshops for a minimal fee. Your knowledge in Final VAT may seem critical because every mistake has a corresponding penalty.
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