2021 Complete Guide to Online Filing and Payment of the Quarterly Percentage Tax (BIR Form 2551Q) for Small Business Owners and Freelancers

Friday, April 23, 2021

The passage of RA No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act, was a welcome news to small business owners and freelancers struggling to survive in the worst global economic disaster. 

The new law changed the Percentage Tax rate from 3% to 1% on gross sales of goods or services for non-VAT registered businesses.

But the new bill creates confusion among taxpayers, given the significant changes in the National Internal Revenue Code, such as the lowered tax rates or the additional allowable deductions from gross income of some type of taxpayers, among others.

Amid the pandemic, when we are forced to stay at home, the BIR expects us to pay our taxes correctly and timely. Otherwise, we would end up paying tax penalties ranging from a compromise fee, 20% interest, and 25% surcharge.

How to file and pay the Quarterly Percentage Tax Using eBIR Form 2551Q

We can file and pay our taxes in the comforts of our homes with BIR’s new tax filing and payment system. All we need to have is an internet connection and funds in our bank accounts or electronic wallets authorized by the bureau to accept tax payments.

1. Download the Offline eBIRForms Package Version 7.9 on the BIR website;

2. Access the file and fill in the Taxpayer’s Profile, such as taxpayer’s personal information, TIN, RDO, etc.;

3. Select BIR Form 2551Qv2018 Quarterly Percentage Tax Return in the List of BIR Forms and click “Fill up”;

4. Fill up all the required information on the form. On the second page, click on the drop-down menu for ATC Code and scroll down to the last option. Select PT 010.

There are two PT010's.  Do not select the first PT 010 of the drop-down menu because it would lead you to the 3% PT rate

Once you key in the taxable income, the BIR system will automatically compute your tax due. There is no need for manual percentage tax computation nor percentage tax calculator to know how much you should pay to BIR.

5. Click “Validate” to check the correctness of your data and click “Save”;

6. Tap “Print” if you wish to print and “Submit Final Copy”;

Note: You are not allowed to modify/edit the form up to this point.

7. Check your email for the BIR confirmation, informing you that they have successfully received the form;

8. Access your mobile banking account or your e-wallet to pay the tax due.

9. Refer to this link to know the payment channels accepting tax payments.

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Final thoughts

For micro entrepreneurs and freelancers, dealing with BIR and taxes is a challenge. The implementation of RA 11534 weeks before the deadline of the filing and payment of annual income tax and some quarterly tax payables made the problem even more stressful.

By updating ourselves with the latest BIR rulings and how we can complete our transactions on time and in a safe manner, we may keep our tax worries at bay.

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Lumina Homes Bacolod East: Helping Negrenses Achieve their Lifelong Dream of Homeownership

Friday, April 16, 2021

One of the challenges of parenthood is letting your children go and find their places under the sun. Most parents would agree that it is not easy to allow our children to go abroad, work for a company and live alone in a foreign land, thousands of miles away.


However, our children will not be with us forever. Soon, they will be on their own. They will have their own families, raise children, and experience what life truly is.


And so, we left with no choice but to let them live their lives away from our prying eyes.


Of course, we will not entirely be out of the picture. Our children need our love, guidance in their plans and projects, and encouragement and support in their achievements.


Recently, one of my daughters called to confide in her plan of buying a house and lot as an investment. She is still very much single, but I admire her entrepreneurial character.


She told us that she wants her savings to go to something that could double up in the next three to five years.


I told her, why not invest in real estate? Your hard-earned money will surely earn double in just a few years. And with the dismal state of our economy now due to the current situation, prices of real properties and construction materials are going low.


And so, I looked around for affordable housing projects. One of those I found was Lumina Homes.

I learned that the first Lumina project in Brgy. Vista Alegre, Bacolod City, which has around 4,000 houses and lots, were all officially sold out in just two years. 


Their housing units are selling like hotcakes. Now, they are set to have another project. They went a little bit farther down east of Bacolod City. This side of the city is becoming a tourism hub of sort because of the sprouting of many resorts, recreational and leisure facilities in the area.


My family had been to Bantug Lake Ranch, which is just a drive away from the proposed project. There are many fun activities we enjoyed there, like horseback riding, boating, and fishing.  


We also had the best summer at the famous Campuestuhan Highland Resort, known by many as the Magic Kingdom of Negros. It is a perfect place to rest and commune with nature after a stressful week at work.


Other must-see places along this area include The Guerrero Farm and Nature Park, and Melba's Farm Guest House.  


Moreover, there is an access road going to the northern part of Negros Occidental, including the New Silay-Bacolod Airport, which will free you from the Bacolod traffic. Thus, you can take your flight on time or explore the northern part of Negros with ease.


The latest Lumina project will offer the same signature Lumina Homes - affordable residential units and amenities such as shuttle service, mini gardens, parks and playground, covered multi-purpose hall, and commercial area provision.


I am also excited to tell my daughter that there are ongoing promos for Lumina Homes Bacolod East.


Mega Deal of the Month Featuring Lumina Bacolod East.


Homebuyers may avail of a house and lot for as low as Php 6,799 per month (from the previous price of Php 10,198 per month) for 36 months for its Single Firewall home model and a Rowhouse model for as low as Php5,219 per month for 36 months, from the previous amortization of Php 7,829 per month.


Aside from the extended down payment promo, any home model can be availed by using a Pag-IBIG housing loan instead of a bank loan as the only financing option.


Other promos are as follows:


·    50% Off on Reservation Fees

  • Free Water Application Fee
  • Free Electricity Application Fee
  • Free HOA Membership Fee


This promo will run until April 30, 2021. So, you need to make your reservations within the month.



Live Selling sa Brgy. Lumina Bacolod.


You can tune in this April 24, 2021, at 2 pm. Saturday to the Official Facebook Page of Lumina Bacolod for your chance to "mine" your dream house and lot while winning exciting prizes and freebies!


Live Selling sa Barangay Lumina is a digital way to replicate house and lot purchase experience during an Open House event with some fun elements added like games, freebies, all-out inventory, and limited-time offers through Facebook.


This innovate online event is another venue for Lumina Homes to connect with partner networks and interested home seekers, given the health risks we are facing now.


During this interactive activity, prospective house and lot buyers may reserve a particular house model by simply commenting, "mine."  After the live streaming, the Lumina Account Officer will coordinate with the acknowledged "mine" comments to assist in officially proceeding with the house and lot reservation.


The Winner' TECHS' It All.


Achieve your #BahayGoals and get a chance to win a pocket WiFi through Lumina's 'The Winner Techs it All Raffle Promo' when you reserve your own 2-storey Lumina house and lot from April 1 to June 30, 2021!


This is Lumina's way of supporting their loyal customers' desire to have fast and dependable internet access, especially that being "connected" is necessary nowadays.


Internet connection is essential for people working from home and because most of us are encouraged to stay at home for safety reasons.


Below are the mechanics for joining The Winner Techs It All Raffle Promo for Homebuyers' Category:


1.   Homebuyers should reserve 2-storey house and lot for sale in any of these participating Lumina Homes project locations:


·         Polomolok 

·         Concepcion, Tarlac

·         Cauayan, Isabela

·         Pilar, Bataan

·         Sariaya, Quezon

·         Sorsogon

·         San Pascual, Batangas

·         Camarines Norte

·         Bacolod East

·         Capiz


2.   The reservation of the chosen house and lot should be made using Lumina Homes.


3.   The homebuyer should also subscribe to the Lumina Newsletter. The email address for the subscription should match the one used during the online reservation.


4.   Promo runs from April 1 to June 30, 2021.

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How to Subscribe to Lumina Homes Newsletter?


Here are the three easy steps on how to subscribe to Lumina Homes Newsletter:


1.   Open your browser and go to www.lumina.com.ph.


2.   Scroll down, and you will see the Lumina Logo with "Subscribe to the Newsletter" on the left side corner at the bottom of the page. 


3.   Click the line, enter the email address you used during your house and lot reservation through Lumina Homes Online, and click send.


And that's it! A digital raffle entry is registered under your name.  You have the chance to win one of the 10 brand new broadband or pocket WiFi.  

You may also visit Lumina Homes website for other promos and important updates.


Invest where your money grow


In this volatile economic situation, we need to invest our hard-earned money into something that will yield positive results. Putting our money in real estate, like buying a house and lot in Lumina Homes Bacolod East, is a wise decision.  


Now, I am just waiting for the next overseas call from my daughter.

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