Form brq Quarterly Gross Receipts and Use Tax Return - Guam

Form brq is a Guam Department of Revenue and Taxation form also known as the "Quarterly Gross Receipts And Use Tax Return". The latest edition of the form was released in December 1, 2003 and is available for digital filing.

Download an up-to-date fillable Form brq in PDF-format down below or look it up on the Guam Department of Revenue and Taxation Forms website.

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DEPARTMENT OF
R E V E N U E A N D T A X A T I O N
Download
GOVERNMENT OF GUAM
Clear Form
BRQ
QUARTERLY GROSS RECEIPTS AND USE TAX RETURN
FORM
(Revised Dec. 2003)
NAME OF LICENSEE
QUARTER ENDING
ORIGINAL RETURN
YEAR: ______________
AMENDED RETURN
MAR
JUN
SEP
DEC
DOING BUSINESS AS
TYPE OF FIRM
SOLEPROP.
PARTNERSHIP
CORPORATION
ADDRESS
EIN/SSN
ACCOUNT NO.
METHOD OF REPORTING
TELEPHONE NO.
CASH
ACCRUAL
OTHER ______________
Election under 11 GCA Section 26201(c). [If the election is applicable only to specific activities, please attach a list of these activities]
(A)
(B)
(C)
(D)
(E)
SCHEDULES
BUSINESS ACTIVITY
GROSS RECEIPT
EXEMPTION OR
TAXABLE AMOUNT
TAX
OR KIND OF TAX
VALUE
DEDUCTION
VALUE
RATES
TAX DUE
1. WHOLESALING
6%
2. RETAILING
6%
3. SERVICE
6%
4. RENTAL REAL PROP.
6%
(1)
5. RENTAL OTHERS
6%
GROSS
6. PROFESSION
6%
RECEIPTS
7. COMMISSION
6%
TAX
8. INSURANCE PREMIUM
6%
9. CONTRACTING (LOCAL)
6%
10. CONTRACTING (US)
6%
11. INTEREST
6%
12. AMUSEMENT
6%
13. OTHERS
6%
14. GRT SUB-TOTALS
6%
(2)
15. IMPORTATION
6%
USE TAX
16. LOCAL PURCHASES
6%
17. INVENTORY USED
6%
(3)
18. TOTALS
19. TAX DUE
Under the penalties of perjury, I declare that I have examined this return, including the
20. PENALTY
accompanying schedule and statements, and to the best of my knowledge and belief it is
21. INTEREST
true, correct and complete. If prepared by a person other than taxpayer, his declaration
22. DEPOSIT, CREDIT OR ADJ.
is based on all information of which he has any knowledge
.
23. BALANCE TAX DUE OR
(OVERPAYMENT)
Sum of 19, 20, 21, Less 22
SIGNATURE (TAXPAYER OR AUTHORIZED AGENT)
DATE
24. AMOUNT TO BE REFUNDED
25. AMOUNT TO BE APPLIED TO
NEXT MONTHLY DEPOSIT(S)
PRINT
DEPARTMENT OF
R E V E N U E A N D T A X A T I O N
Download
GOVERNMENT OF GUAM
Clear Form
BRQ
QUARTERLY GROSS RECEIPTS AND USE TAX RETURN
FORM
(Revised Dec. 2003)
NAME OF LICENSEE
QUARTER ENDING
ORIGINAL RETURN
YEAR: ______________
AMENDED RETURN
MAR
JUN
SEP
DEC
DOING BUSINESS AS
TYPE OF FIRM
SOLEPROP.
PARTNERSHIP
CORPORATION
ADDRESS
EIN/SSN
ACCOUNT NO.
METHOD OF REPORTING
TELEPHONE NO.
CASH
ACCRUAL
OTHER ______________
Election under 11 GCA Section 26201(c). [If the election is applicable only to specific activities, please attach a list of these activities]
(A)
(B)
(C)
(D)
(E)
SCHEDULES
BUSINESS ACTIVITY
GROSS RECEIPT
EXEMPTION OR
TAXABLE AMOUNT
TAX
OR KIND OF TAX
VALUE
DEDUCTION
VALUE
RATES
TAX DUE
1. WHOLESALING
6%
2. RETAILING
6%
3. SERVICE
6%
4. RENTAL REAL PROP.
6%
(1)
5. RENTAL OTHERS
6%
GROSS
6. PROFESSION
6%
RECEIPTS
7. COMMISSION
6%
TAX
8. INSURANCE PREMIUM
6%
9. CONTRACTING (LOCAL)
6%
10. CONTRACTING (US)
6%
11. INTEREST
6%
12. AMUSEMENT
6%
13. OTHERS
6%
14. GRT SUB-TOTALS
6%
(2)
15. IMPORTATION
6%
USE TAX
16. LOCAL PURCHASES
6%
17. INVENTORY USED
6%
(3)
18. TOTALS
19. TAX DUE
Under the penalties of perjury, I declare that I have examined this return, including the
20. PENALTY
accompanying schedule and statements, and to the best of my knowledge and belief it is
21. INTEREST
true, correct and complete. If prepared by a person other than taxpayer, his declaration
22. DEPOSIT, CREDIT OR ADJ.
is based on all information of which he has any knowledge
.
23. BALANCE TAX DUE OR
(OVERPAYMENT)
Sum of 19, 20, 21, Less 22
SIGNATURE (TAXPAYER OR AUTHORIZED AGENT)
DATE
24. AMOUNT TO BE REFUNDED
25. AMOUNT TO BE APPLIED TO
NEXT MONTHLY DEPOSIT(S)
SUMMARY OF MONTHLY GROSS RECEIPTS AND USE TAX
[Use Supplementary Sheets When Necessary)
KIND OF TAX
TAX
GROSS RECEIPTS
TAXABLE AMT.
DEPOSIT
DEPOSIT
EXEMPTION OR
RATE
VALUE
VALUE
AMOUNT
DATE
DEDUCTION (See *GRT)
MONTH
GROSS RECEIPTS TAX
1ST/MO
6%
2ND/MO
6%
3RD/MO
6%
TOTAL GRT
MONTH
GROSS RECEIPTS
TAX
TAXABLE AMT.
DEPOSIT
DEPOSIT
EXEMPTION OR
RATE
DEDUCTION (See *UST)
VALUE
AMOUNT
DATE
VALUE
USE TAX
1ST/MO
6%
2ND/MO
6%
3RD/MO
6%
TOTAL USE TAX
*GRT Prior exemptions allowed or allowable under subsection (k)(9), (28), (29), (30), (31) and (32) of 11 GCA §26203 (k) for the tax year. Prior exemptions plus current exemptions
on this return shall not exceed $35,000.
*UST Prior exemptions allowed or allowable under subsection 28106(e) of Chapter 28, Title II, GCA for the tax year. One Thousand Dollars ($1,000) per month not to exceed Five
Thousand Dollars ($5,000) in the aggregate per any given calendar year.
SCHEDULE OF DEDUCTIONS CLAIMED
[Use Supplementary Sheets When Necessary]
BASIS FOR EXEMPTION
AMOUNT
BASIS FOR EXEMPTION
AMOUNT
SCHEDULE OF DEDUCTIONS CLAIMED FOR CONTRACTORS
[Exemptions allowed under Public Law No. 26-149]
Name of Contractor
Contractor License #
Amount
Name of Contractor
Contractor License #
Amount
IMPORTANT INFORMATION AND INSTRUCTIONS
1. WHO MUST FILE AND WHEN. This form covers gross receipts and use taxes. Every
9. FIRST TAXABLE REPORTING FOR THE CURRENT TAXABLE YEAR. Returns
person who engages in business and other activities in Guam, or who purchases or imports into
containing the first reporting of taxable income from real property rental, retail, service, or
Guam tangible personal property for his use or consumption, is required to file quarterly Gross
rental income from other than real property in any tax year for which an exemption is
Receipts and Use Tax Returns, Form BRQ, and pay taxes as prescribed below. Form BRQ must
allowable under subsection (k)(9), (28), (29), (30), (31) and (32) of section 26203,
be filed on or before the end of the month following the close of the calendar quarter, which is
Chapter 26, Title II, Guam Code Annotated must show the total income received during
April 30, July 31, October 31, and January 31 of each year. 11 GCA §§26110 and 28108.
the current tax year to the date of the close of the quarter.
10. GROSS RECEIPT TAX MONTHLY DEPOSITORY. As provided under section
2. EXEMPTIONS OR DEDUCTIONS. Any exemption or deduction claimed under column (B)
26110.1, Chapter 26, Title 11, Guam Code Annotated, every person required to pay gross
page (1) of the return must be shown on the above schedule and must be sufficiently supported by
receipts tax must make monthly deposits. Any taxes due for any calendar month are
documentation.
required to be deposited along with Form BMD on or before the twentieth (20th) day of
3. Election Under 11 GCA § 26203 (c). To make an election under 11 GCA § 26203(c), check or
the following month. A penalty equal to ten percent (10%) of the underpayment shall be
mark the box provided on the front of this Form. The election shall take effect at the beginning of
imposed on each failure to make a timely deposit. 11 GCA §26111.
the quarter, but not before December 5, 2003. Once you have made this election, it shall remain in
11. USE TAX - PAYMENT DUE IMMEDIATELY: As provided under section
effect until you formally terminate it.
28108.1, Chapter 28, Title 11, Guam Code Annotated, every person required to pay use
tax are required to submit Form BMD together with payment immediately upon
4. BUSINESS ACTIVITIES NOT LISTED ON FORM BRQ. "Other" should be used in
importation or use of the property or properties.
reporting amounts received or amounts required to be reported in this form and not listed.
12. STATEMENT: IN LIEU OF RETURN. If a person who has regularly filed returns
5. SUPPLEMENTARY SHEETS. Use supplementary sheets (standard letter size) where
has received no taxable income in a particular quarter, such person shall file a statement to
necessary.
that effect with the Tax Commissioner in lieu of a return for that quarter no later than the
6. FAILURE TO PAY PENALTY. Section 26111, Chapter 26, Title 11, Guam Code Annotated,
end of the month following the close of the taxable year in which that quarter occurred; no
provides for a penalty of five percent (5%) of the tax due for each 30-day period, or fraction
return being required in this instance. [effective January 1, 1998.]
thereof, not to exceed twenty-five percent (25%) in the aggregate. The minimum penalty,
13. ADDITIONAL INFORMATION. For additional information, call the Business
however, shall be the lesser of the amount of tax due, or $25.00.
Privilege Tax Branch at 475-1834/1836, or write to the Department of Revenue and
7. PENALTY - FAILURE TO SUPPLY IDENTIFICATION NUMBER. Any person required to
Taxation, BPTB, P.O. Box 23607, G.M.F., 96921.
MAKE CHECKS PAYABLE TO: TREASURER OF GUAM.
file a Form BRQ return shall be subject to a fifty dollar ($50.00) penalty for each failure to include
his taxpayer identification number on such return. 11 GCA §§26111 and 28110.1.
8. INTEREST. Interest shall be added as determined by the Tax Commissioner at the current
rate to any unpaid tax and penalty.

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