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What is BIR Form 1601e?

What is BIR Form 1601e?

BIR Form 1601-E, or also known as Monthly Remittance Return of Creditable Income Taxes Withheld (Expanded) is a tax return filed by a designated Withholding agent who is required of withholding taxes on income payments subject to Expanded / Creditable Withholding Taxes.

How do I create a BIR Form 2307?

How to Generate BIR Form 2307 | Form 2306

  1. Click the excel icon to choose the excel template to be used.
  2. Click BIR Form 2307 to download the template.
  3. Common mistake on working directly in the template is selecting the whole column then clicking the comma ( , ) number format.

How many percent is EWT?

EWT- professional/talent fees paid to juridical persons/individuals (lawyers, CPAs, etc.) 10% 10%
EWT- professional entertainers- – if the current year’s gross income does not exceed P720,000.00 10% 10%
– if the current year’s gross income exceeds P720,000.00 20% 10%

How do I fill out my 0605 annual registration form?

How to Fill Out BIR Form 0605 for Annual Registration Fee

  1. Use eBirForm or download the form.
  2. Fill out the necessary details.
  3. Put RF (Registration Fee) under the Tax Type Code.
  4. Choose your manner of payment.
  5. Provide the computation of tax.

How do I register for BIR online?

Step 1: Access BIR website at, using your internet browser. Step 2: Click on eFPS icon to go the eFPS home page. Step 3: From the eFPS Login page, click on ‘Enroll to eFPS’ link. Step 4: The eFPS enrollment form appears.

What is the use of BIR form 0605?

Every taxpayer shall use this form, in triplicate, to pay taxes and fees which do not require the use of a tax return such as second installment payment for income tax, deficiency tax, delinquency tax, registration fees, penalties, advance payments, deposits, installment payments, etc.

What is BIR Form No 2307?

Commonly referred to as the Certificate of Creditable Tax Withheld At Source, the BIR Form 2307 presents the income that’s subjected to Expanded Withholding Tax (EWT) paid by the withholding agent. The income tax pre-payments are deductible from your income tax during the quarterly and annual income tax return.

Who will file BIR Form 2316?

Form 2316 shall be filed by the employer acting out as the payor for employees within a business. The employer should indicate the total amount that was paid to employees, as well as the taxes withheld during the course of the calendar year.

How is EWT tax calculated?

Hence, the computation of tax to be withheld is as follows:

  1. EWT= Income payments x tax rate. EWT= P20,000 x 5%
  2. Documentary Requirements.
  3. Procedures.
  4. Filing Via EFPS.
  5. Payment Via EFPS.
  6. Manual Filing and Payment.
  7. Source:

How is monthly tax calculated?

Here’s how to compute for your new income tax:

  1. Take your montly salary and deduct contributions for SSS, PhilHealth, and Pag-Ibig Fund.
  2. If your salary exceeds P90,000 a month, get the taxable amount of your 13th month pay by subtracting P90,000 from your salary and dividing the result by 12.

Who are eligible for eFPS?

Who are qualified to use the eFPS system? Seems easy, right? However, the eFPS system is only available for the top 5,000 individual taxpayers, top 20,000 private corporations, large companies, government bidders, insurance companies, stockbrokers, and national government agencies.

How do I register my small business?

How to Register Your Small Business in 5 Steps

  1. Decide on a business structure.
  2. Register your business name.
  3. Register with the IRS and get a Federal Tax ID.
  4. Register with your state tax or revenue office.
  5. Register for the appropriate business licenses and permits.

When to use the Bir form 1601-eq?

BIR Form 1601-EQ or the Quarterly Remittance Return of Creditable Income Taxes Withheld is used on remitting taxes that are withheld during the 3rd month of each taxable year. Who needs to file?

What are the different forms of BIR Forms?

BIR Forms FORM NO. FORM TITLE 0620 Monthly Remittance Form of Tax Withheld 1600-VT Monthly Remittance Return of Value-Added 1600-PT Monthly Remittance Return of Other Perce 1600-WP Remittance Return of Percentage Tax on W

What is the Bir form for fringe benefits?

FORM NO. Quarterly Remittance Return of Final Income Taxes Withheld on Fringe Benefits Paid to Employees other than Rank and File Annual Income Tax Return For Individuals Earning Purely Compensation Income (Including Non-Business/Non-Profession Related Income)

When to file Form 1601-eq-juantax?

When to file? 1601-EQ forms shall be filed not later than the last day of the month, following the end of the taxable quarter during which the withholding tax was made.