Bir Form 1601 E PDF Details

Last month, I informed you that the deadline for filing your income tax return was extended to July 15. If you have not yet filed, it is not too late! In this blog post, I will walk you through the process of completing a Form 1601 E. The Form 1601 E is an election form that allows taxpayers to choose how their income should be taxed. There are two options on the form - the taxpayer can either elect to be taxed under the regular rules or under the final withholding rules. Which option should you choose? That depends on your individual situation. Let's take a closer look at each option. If you have already filed your return and would like to change your election, you can do so by completing a

QuestionAnswer
Form NameBir Form 1601 E
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesbir e form, 1601e, bir forms e, bir forms e download

Form Preview Example

(To be filled up by the BIR)

 

 

DLN:

 

PSIC:

Republika ng Pilipinas

Monthly Remittance Return

BIR Form No.

Kagawaran ng Pananalapi

of Creditable Income Taxes

1601-E

Kawanihan ng Rentas Internas

(Except for transactions involving onerous transfer

Withheld (Expanded)

August 2008 (ENCS)

 

of real property classified as ordinary asset)

 

 

Fill in all applicable spaces. Mark all appropriate boxes with an “X”.

1

For the Month

 

 

2

Amended Return? 3 No. of Sheets Attached

4 Any Taxes Withheld?

 

 

(MM / YYYY)

 

 

 

Yes

No

 

 

Yes

No

Part I

 

 

B a c k g r o u n d

I n f o r m a t i o n

 

 

 

 

5

TIN

 

 

 

6 RDO Code

7 Line of Business

 

 

 

8

Withholding Agent's Name

(Last Name, First Name, Middle Name for Individuals)/(Registered Name for Non-Individuals)

9

Telephone Number

10

Registered Address

 

 

 

 

 

 

 

11

Zip Code

 

12

Category of Withholding Agent

 

13 Are there payees availing of tax relief under Special Law or International Tax Treaty?

 

 

 

Private

Government

Yes

No

If yes, specify

 

 

 

 

 

Part II

 

 

 

Computation of Tax

 

 

 

 

 

NATURE OF INCOME PAYMENT

A T C

TAX BASE

TAX

TAX REQUIRED

 

RATE

TO BE WITHHELD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

Total Tax Required to be Withheld and Remitted

 

 

 

 

14

 

 

15

Less: Tax Credits/Payments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

15A

Tax Remitted in Return Previously Filed, if this is an Amended Return

 

 

 

15A

 

 

 

15B

Advance Payments Made (please attach proof of payments - BIR Form No. 0605)

 

15B

 

 

 

15C

Total Tax Credits/Payments (Sum of Items 15A & 15B)

 

 

 

15C

 

 

16

Tax

Still Due/(Overremittance) (Item 14 less Item 15C)

 

 

 

 

16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

17

Add: Penalties

Surcharge

 

 

 

 

Interest

 

 

Compromise

 

 

 

17A

 

 

17B

 

 

 

 

17C

 

17D

 

 

18

Total Amount Still Due/(Overremittance) (Sum of Items 16

& 17D)

 

 

18

 

 

 

If overremittance, mark one box only:

 

 

 

To be Refunded

 

 

To be issued a Tax Credit Certificate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

We declare, under the penalties of perjury, that this return has been made in good faith, verified by us, and to the best of our knowledge, and belief, is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.

19

 

 

 

 

 

20

 

 

 

President/Vice President/Principal Officer/Accredited Tax Agent/

 

 

Treasurer/Assistant Treasurer

 

Authorized Representative/Taxpayer

 

 

(Signature Over Printed Name)

 

(Signature over printed name)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

_______

 

 

 

 

 

 

 

 

 

 

Title/Position of Signatory

 

 

 

 

 

 

 

TIN of Signatory

 

 

 

Title/Position of Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax Agent Acc. No./Atty's Roll No. (if applicable)

Date of Issuance

 

 

 

 

 

 

Date of Expiry

 

 

 

TIN of Signatory

 

Part III

 

 

 

 

 

 

 

 

 

Details of Payment

 

 

 

 

 

Stamp of Receiving Office/

 

 

 

 

 

 

Drawee Bank/

 

 

 

 

 

 

 

 

 

 

Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AAB and Date of Receipt

 

Particulars

 

 

Agency

 

 

Number

 

 

 

MM

DD

 

YYYY

 

 

Amount

 

 

(RO's Signature/

 

21 Cash/Bank 21A

 

21B

 

 

 

21C

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21D

 

 

 

 

 

 

Bank Teller's Initial)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Debit Memo

 

22B

 

 

 

 

22C

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

22D

 

 

 

 

 

 

 

 

 

 

22 Check

22A

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23 Others

23A

 

23B

 

 

 

23C

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Machine Validation/Revenue Official Receipt Details (If not filed with an Authorized Agent Bank)

SCHEDULES OF ALPHANUMERIC TAX CODES

 

 

NATURE OF INCOME PAYMENT

TAX

A T C

 

NATURE OF INCOME PAYMENT

TAX

A T C

 

 

 

 

RATE

IND

CORP

 

 

RATE

IND

CORP

 

 

EWT- professionals (lawyers, CPAs, engineers, etc)/talent fees paid

 

 

 

EWT- payments to medical practitioners by a duly registered professional partnership

 

 

 

 

 

to juridical persons

 

 

 

 

-if the current year's income payments for the medical practitioner is P720,00

10%

WI 141

 

 

 

 

- if the current year's gross income is P720,000 and below

10%

WI 010

WC 010

 

-if the current year's income payments for the medical practitioner exceed P7

15%

WI 142

 

 

 

 

- if the current year's gross income exceeds P720,000

15%

WI 011

WC 011

EWT- payments for medical/dental /veterinary services thru hospitals/clinics/

 

 

 

 

 

EWT- professional entertainers-

10%

WI 020

 

 

health maintenance organizations, including direct payments to

 

 

 

 

 

 

- if the current year's gross income does not exceed P720,000.00

 

 

service providers

 

 

 

 

 

 

- if the current year's gross income exceeds P720,000.00

15%

WI 021

 

 

- if the current year's income payments for the medical/dental/veterinary serv

10%

WI 151

 

 

 

EWT- professional athletes-

10%

WI 030

 

 

is P720,000 and below

 

 

 

 

 

 

 

 

 

 

 

- if the current year's gross income does not exceed P720,000.00

 

 

- if the current year's income payments for the medical/dental/veterinary serv

15%

WI 150

 

 

 

 

- if the current year's gross income exceeds P720,000.00

15%

WI 031

 

 

exceeds P720,000

 

 

 

 

 

 

 

 

 

 

 

EWT- movie, stage, radio, television and musical directors-

10%

WI 040

 

EWT- payment by the general professional partnership (GPP) to its partners

10%

WI 152

 

 

 

 

- if the current year's gross income does not exceed P720,000.00

 

 

-if the current year's income payments for the partner is P720,000 and below

 

 

 

 

- if the current year's gross income exceeds P720,000.00

15%

WI 041

 

 

-if the current year's income payments for the partner exceed P720,000

15%

WI 153

 

 

 

EWT- management and technical consultants

10%

WI 050

WC 050

EWT- payments made by credit card companies

1% of 1/2

WI 156

 

 

 

 

- if the current year's gross income is P720,000 and below

 

 

 

EWT- income payments made by the government to its local/resident suppliers

1%

WI 640

 

 

 

 

- if the current year's gross income exceeds P720,000

15%

WI 051

WC 051

 

of Goods

 

 

 

 

 

 

 

 

 

 

EWT- business and bookkeeping agents and agencies

10%

WI 060

 

EWT- income payments made by the government to its local/resident suppliers

2%

WI 157

 

 

 

 

- if the current year's gross income is P720,000 and below

 

 

of Services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- if the current year's gross income exceeds P720,000

15%

WI 061

 

EWT- income payments made by top 10,000 private corporations to

1%

WI 158

 

 

 

EWT- insurance agents and insurance adjusters

10%

WI 070

 

 

their local/resident supplier of goods

 

 

 

 

 

 

 

 

 

 

 

- if the current year's gross income is P720,000 and below

 

EWT- income payments made by top 10,000 private corporations to

2%

WI 160

 

 

 

 

 

 

 

 

 

 

 

- if the current year's gross income exceeds P720,000

15%

WI 071

 

 

their local/resident supplier of services

 

 

 

 

 

 

 

 

 

 

 

EWT- other recipient of talent fees-

10%

WI 080

 

EWT- additional payments to government personnel from importers, shipping

15%

WI 159

 

 

 

 

- if the current year's gross income does not exceed P720,000.00

 

 

and airline companies or their agents for overtime services

 

 

 

 

- if the current year's gross income exceeds P720,000.00

15%

WI 081

 

EWT- commission,rebates, discounts and other similar considerations

 

 

 

 

 

EWT- fees of directors who are not employees of the company

 

 

 

 

paid/granted to independent andexclusive distributors, medical/technical

 

 

 

 

 

 

- if the current year's gross income is P720,000 and below

10%

WI 090

 

 

and sales representatives and marketing agents and sub-agents

10%

WI 515

 

 

 

 

- if the current year's gross income exceeds P720,000

15%

WI 091

 

 

of multi-level marketing companies

 

 

 

 

 

EWT- rentals : real/personal properties, poles,satellites & transmission

5%

WI 100

WC 100

EWT- gross payments to embalmers by funeral companies

1%

WI 530

 

 

 

 

facilities, billboards

 

 

 

EWT- payments made by pre-need companies to funeral parlors

1%

WI 535

 

 

 

EWT- cinematographic film rentals

5%

WI 110

WC 110

EWT- tolling fee paid to refineries

5%

WI 540

 

 

 

EWT- income payments made to suppliers of agricultural products

1%

WI 610

 

 

 

 

 

 

 

 

 

 

 

EWT- prime contractors/sub-contractors

2%

WI 120

WC 120

EWT- income payments on purchases of minerals, mineral products & quarry reso

10%

WI 630

 

 

 

EWT - income payments on purchases of gold by Bangko Sentral ng Pilipinas (BS

10%

WI 632

 

 

 

 

 

 

 

 

 

 

 

EWT- income distribution to beneficiaries of estates & trusts

15%

WI 130

 

 

from gold miners/suppliers under PD 1899, as amended by RA No. 7076

 

 

 

 

 

 

EWT- on gross amount of refund given by MERALCO to customers with active

25%

WI 650

 

 

 

 

 

 

 

 

 

 

 

EWT- gross commission or service fees of customs, insurance,

 

 

 

 

contracts as classified by MERALCO

 

 

 

 

 

 

 

 

 

 

 

 

 

stocks, real estate, immigration & commercial brokers &

10%

WI 140

WC 140

EWT- on gross amount of refund given by MERALCO to customers with terminate

32%

WI 651

WC 651

 

 

 

fees of agents of professional entertainers

 

 

 

 

contracts as classified by MERALCO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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This PDF form will need particular info to be filled in, therefore be sure you take your time to type in precisely what is requested:

1. It's very important to fill out the 1601e accurately, hence be careful while filling out the parts comprising all these blanks:

Writing part 1 of 1601e form

2. Once your current task is complete, take the next step – fill out all of these fields - Total Tax Required to be Withheld, A Tax Remitted in Return, B Advance Payments Made please, C Total Tax CreditsPayments Sum of, Tax Still DueOverremittance Item , Add Penalties, Surcharge, Interest, Compromise, Total Amount Still, If overremittance mark one box only, To be Refunded, To be issued a Tax Credit, We declare under the penalties of, and TreasurerAssistant Treasurer with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Filling in section 2 in 1601e form

3. Completing Authorized RepresentativeTaxpayer, Signature over printed name, TitlePosition of Signatory, TIN of Signatory, TreasurerAssistant Treasurer, TitlePosition of Signatory, Tax Agent Acc NoAttys Roll No if, Date of Issuance, Date of Expiry, TIN of Signatory, Part III, Particulars, Drawee Bank Agency, CashBank A Debit Memo Check A, and Others A is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Signature over printed name,  Others A, and Tax Agent Acc NoAttys Roll No if inside 1601e form

It is easy to make an error while filling in the Signature over printed name, hence make sure that you look again before you decide to submit it.

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