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How do I submit 2551Q and 1701Q if I'm opting in to the 8% Income Tax Rate?
How do I submit 2551Q and 1701Q if I'm opting in to the 8% Income Tax Rate?

How to indicate that you're opting in to the 8% in Taxumo

EJ Arboleda avatar
Written by EJ Arboleda
Updated over a week ago

For this, you have to go to your Settings and scroll down to the "Forms You Are Filing" section:

You can read more about which forms you should be filing by referring to this article:
โ€‹Forms You Are Filing

Now, to indicate that you're opting in to 8%, you then (1) select the appropriate Taxpayer Type. You also (2) select the "8% Gross Receipt Tax" from the Income Tax Rate Type here.

And that's it - you're done! Your forms will now reflect that you've chosen 8%.
โ€‹
Note that when you're setting up your profile for the first time, you also indicate these fields during set-up.

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