The BIR Form 2303, officially known as theCertificate of Registration (COR), is a crucial document issued by thePhilippines Bureau of Internal Revenue (BIR). It proves that a business is officially registered with the BIR and is authorized to operate and fulfill its tax obligations. What Is a...
Firstly, know that there are different classifications of Income Taxes here in the Philippines, and the Income Tax form that you need to file varies on your Taxpayer type whether if you’re a Non-VAT or VAT filer — this step is very crucial… Read MoreWhat is BIR Form 1702Q – ...
BIR Form 2316, also known as theCertificate of Compensation Payment/Tax Withheld, is a document issued by employers to their employees annually. This form is evidence of the employee’s income and the corresponding taxes withheld by the employer during the calendar year. It is a critical documen...
BIR Form 2316s are not filed on their own at BIR. They are supporting documents for the Income Tax Return. It is Form 1700 if you are earning purely compensation income and Form 1701 if you have mixed-income sources. Reply SAADODING OBINAY OMAR May 21, 2019 at 9:00 pm Para san ...
In return, the businesses, also known as the tax withholding agents, will have to provide BIR Form 2307 (or Form 2306) as evidence that the supplier paid up. The businesses can deduct the tax amount withheld from their income tax for the taxable period. ...
BIR Form 1901 Photocopy of Mayor’s Business Permit (if still in process – received the application), Professional/Occupational Tax Receipt (for professionals), orDTI Certificate(Click here for a guide on how to get your DTI Certificate) ...
In Taxumo, you can actually file and pay for missed filings and open cases a year prior to the current year. Having anactive subscription in Taxumowill allow you to file all of these (don’t require a processing fee for each form). ...
Why do I get a tax refund if I resign from my job during the year? While you are employed, your withholding tax is based on the assumption that you are going to be earning the same amount of money for the whole year. But when you resign before the end of the year, your previous ...
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2a. Get a Tax Identification Number (TIN).For those who don’t have a TIN yet, you need to accomplish and submit 2 copies ofBIR Form 1901. This is the first thing you need to secure before proceeding to the next step. 2b. Update Your Personal Information.If you were previously employe...