Get Bir Form 2316 Guidelines And Instructions

1. A resident citizen engaged in trade, business, or practice of profession within and without the Philippines. 2. A resident alien, non-resident citizen or non-resident alien individual engaged in trade, business or practice of profession within the Philippines.

Employees who are purely compensation income-earners from only one employer for the calendar year and whose income tax has been withheld correctly by said employer are qualified for substituted filing and do not need to file an annual Income Tax Returns (ITR) separately.

Required Attachments for BIR Form 2316 Notarized Sworn Declaration – A sworn declaration that all BIR Form 2316 contained in the DVD being submitted are complete and exact copies of the original. ... Notarized Substituted Filing Declaration – It contains the list of employees that are qualified for substituted filing.

The BIR Form 2307, known as the Certificate of Creditable Tax Withheld at Source, is a certificate that is accomplished and issued to recipients of income subject to expanded withholding tax. It's one of the most common BIR forms used by businesses of all sizes from multinational corporations to freelancers.

Citizens or foreigners residing in the Philippines and receiving income inside or outside the country must file an ITR. Companies usually file their employees' ITRs, while freelancers and business owners do it themselves. In 2021, there were about 26.8 million individual 26.8 million individual taxpayers.

Professionals exclusively employed in the government are, however, exempt from the payment of professional tax. For those in the private sector, employers are bound to require their employees within the coverage of the LGC to pay their professional tax prior to employment and annually thereafter.

If your income is less than your standard deduction, you generally don't need to file a return (provided you don't have a type of income that requires you to file a return for other reasons, such as self-employment income).