BIR Form 2307 PDF Details

There are many important tax forms that individuals and businesses must file with the Internal Revenue Service (IRS). One of the most important is Form 1040, which is the individual income tax return. However, there are other forms that must be filed as well, such as Form 1065, which is the U.S. partnership income tax return. This form must be filed by partnerships and limited liability companies (LLCs) that are classified as partnerships for federal tax purposes. Let's take a closer look at what this form is and when it must be filed. Form 1065 is used to report the income, gains, losses, deductions, credits, and to figure the partnership taxable income for a partnership. The form is also used

QuestionAnswer
Form Name BIR Form 2307
Form Length 2 pages
Fillable? No
Fillable fields 0
Avg. time to fill out 30 sec
Other names form 2307, 2307 form, 2307 form editable download, bir form 2307 pdf

Form Preview Example

 

 

 

 

 

 

 

 

 

 

Republic of the Philippines

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Department of Finance

 

 

 

 

 

 

 

 

 

For BIR

BCS/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Use Only

Item:

 

 

 

 

 

 

 

Bureau of Internal Revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BIR Form No.

 

 

 

Certificate of Creditable Tax

 

 

 

 

 

2307

 

 

 

 

 

 

 

 

 

 

 

 

 

Withheld at Source

 

 

 

 

 

 

 

 

 

January 2018 (ENCS)

 

 

 

 

 

 

 

 

 

 

 

 

2307 01/18ENCS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

1 For the Period

From

 

 

 

 

 

 

(MM/DD/YYYY)

To

 

 

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part I – Payee Information

 

 

 

 

 

 

 

 

2Taxpayer Identification Number (TIN)

-

-

-

3Payee’s Name (Last Name, First Name, Middle Name for Individual OR Registered Name for Non-Individual)

4 Registered Address

 

4A ZIP Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

5Foreign Address, if applicable

Part II – Payor Information

6Taxpayer Identification Number (TIN)

-

-

-

7Payor’s Name (Last Name, First Name, Middle Name for Individual OR Registered Name for Non-Individual)

 

8 Registered Address

 

 

 

 

 

 

 

8A ZIP Code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Part III – Details of Monthly Income Payments and Taxes Withheld

 

 

 

 

 

 

 

 

 

Income Payments Subject to Expanded

 

 

AMOUNT OF INCOME PAYMENTS

 

Tax Withheld for the

 

ATC

1st Month of the

2nd Month of the

3rd Month of the

Total

 

 

Withholding Tax

 

Quarter

 

 

 

Quarter

Quarter

Quarter

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

Money Payments Subject to Withholding of

Business Tax (Government & Private)

Total

We declare under the penalties of perjury that this certificate 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. Further, we give our consent to the processing of our information as contemplated under the *Data Privacy Act of 2012 (R.A. No. 10173) for legitimate and lawful purposes.

Signature over Printed Name of Payor/Payor’s Authorized Representative/Tax Agent

(Indicate Title/Designation and TIN)

Tax Agent Accreditation No./

Attorney’s Roll No. (if applicable)

Date of Issue

(MM/DD/YYYY)

Date of Expiry

(MM/DD/YYYY)

CONFORME:

Signature over Printed Name of Payee/Payee’s Authorized Representative/Tax Agent

(Indicate Title/Designation and TIN)

Tax Agent Accreditation No./

 

Date of Issue

 

 

 

 

 

 

 

 

Date of Expiry

 

 

 

 

 

 

 

Attorney’s Roll No. (if applicable)

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

 

(MM/DD/YYYY)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*NOTE: The BIR Data Privacy is in the BIR website (www.bir.gov.ph)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SCHEDULES OF ALPHANUMERIC TAX CODES

 

A Income Payments subject to Expanded Withholding Tax

 

 

ATC

A Income Payments subject to Expanded Withholding Tax

 

 

ATC

 

 

Individual

 

Corporation

 

Individual

 

Corporation

 

Professional (Lawyers, CPAs, Engineers, etc.)

 

 

 

 

Payment by the General Professional Partnerships (GPPs) to its partners

 

 

 

 

 

 

If gross income for the current year did not exceed P 3M

 

WI010

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

WI152

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI011

 

 

 

 

 

If gross income exceeds P 720,000

 

 

WI153

 

 

 

 

Professional (Lawyers, CPAs, Engineers, etc.)

 

 

 

 

Income

payments made by credit card companies

 

 

WI156

 

WC156

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC010

Additional income payments to government personnel from importers, shipping

 

WI159

 

 

 

 

If gross income exceeds P 720,000

 

 

 

WC011

and airline companies or their agents for overtime services

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Professional entertainers such as, but not limited to actors and actresses, singers,

 

 

 

 

Income

payments made by the government and government-owned and

 

 

 

 

 

 

lyricist, composers, emcees

 

 

 

 

controlled corporations (GOCCs) to its local/resident suppliers of goods

 

WI640

 

WC640

 

If gross income for the current year did not exceed P 3M

 

WI020

 

 

other

than those covered by other rates of withholding tax

 

 

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI021

 

 

Income

payments made by the government and government-owned and

 

 

 

 

 

 

Professional entertainers such as, but not limited to actors and actresses, singers,

 

 

 

 

controlled corporations (GOCCs) to its local/resident suppliers of services

 

WI157

 

WC157

 

lyricists, composers, emcees

 

 

 

 

other than those covered by other rates of withholding tax

 

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC020

Income

payment made by top withholding agents to their local/resident supplier

 

WI158

 

WC158

 

If gross income exceeds P 720,000

 

 

 

WC021

of goods other than those covered by other rates of withholding tax

 

 

 

 

 

 

 

 

 

 

 

 

Professional athletes including basketball players, pelotaris and jockeys

 

 

 

 

Income

payment made by top withholding agents to their local/resident supplier

 

WI160

 

WC160

 

If gross income for the current year did not exceed P 3M

 

WI030

 

 

of services other than those covered by other rates of withholding tax

 

 

 

 

 

 

 

 

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI031

 

 

Commissions, rebates, discounts and other similar considerations paid/granted to

 

 

 

 

 

 

Professional athletes including basketball players, pelotaris and jockeys

 

 

 

 

independent and/or exclusive sales representatives and marketing agents and sub-

 

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC030

agents

of companies, including multi-level marketing companies

 

 

 

 

 

 

If gross income exceeds P 720,000

 

 

 

WC031

 

 

 

If gross income for the current year did not exceed P 3M

 

WI515

 

 

 

 

All directors and producers involved in movies, stage, radio, television and musical

 

 

 

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI516

 

 

 

 

productions

 

 

 

 

Commissions, rebates, discounts and other similar considerations paid/ granted

 

 

 

 

 

 

If gross income for the current year did not exceed P 3M

 

WI040

 

 

to independent and/or exclusive sales representatives and marketing agents

 

 

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI041

 

 

and sub-agents of companies, including multi-level marketing companies

 

 

 

 

 

 

All directors and producers involved in movies, stage, radio, television and musical

 

 

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC515

 

productions

 

 

 

 

 

 

 

If gross income exceeds P 720,000

 

 

 

 

WC516

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC040

Gross

payments to embalmers by funeral parlors

 

 

WI530

 

 

 

 

If gross income exceeds P 720,000

 

 

 

WC041

Payments made by pre-need companies to funeral parlors

 

WI535

 

WC535

 

Management and technical consultants

 

 

 

 

Tolling

fees paid to refineries

 

 

WI540

 

WC540

 

If gross income for the current year did not exceed P 3M

 

WI050

 

 

Income

payments made to suppliers of agricultural products in excess

 

WI610

 

WC610

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI051

 

 

of cumulative amount of P 300,000 within the same taxable year

 

 

 

 

 

 

 

 

 

 

 

 

Management and technical consultants

 

 

 

 

Income

payments on purchases of minerals, mineral products and quarry

 

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC050

such

as but not limited to silver, gold, marble, granite, gravel, sand, boulders

 

WI630

 

WC630

 

If gross income exceeds P 720,000

 

 

 

WC051

and other mineral products except purchases by Bangko Sentral ng Pilipinas

 

 

 

 

 

 

Business and bookkeeping agents and agencies

 

 

 

 

Income

payments on purchases of minerals, mineral products and quarry

 

 

 

 

 

 

If gross income for the current year did not exceed P 3M

 

WI060

 

 

resources by Bangko Sentral ng Pilipinas (BSP) from gold miners/suppliers under

 

WI632

 

WC632

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI061

 

 

PD 1899, as amended by RA No. 7076

 

 

 

 

 

 

 

Business and bookkeeping agents and agencies

 

 

 

 

On gross amount of refund given by MERALCO to customers with

 

WI650

 

WC650

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC060

active

contracts as classified by MERALCO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If gross income exceeds P 720,000

 

 

 

WC061

On gross amount of refund given by MERALCO to customers with

 

WI651

 

WC651

 

Insurance agents and insurance adjusters

 

 

 

 

terminated contracts as classified by MERALCO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If gross income for the current year did not exceed P 3M

 

WI070

 

 

On gross amount of interest on the refund of meter deposit whether paid directly to

 

 

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI071

 

 

the customers or applied against customer’s billings of Residential and General

 

WI660

 

WC660

 

Insurance agents and insurance adjusters

 

 

 

 

Service

customers whose monthly electricity consumption exceeds 200 kwh as

 

 

 

 

 

 

 

 

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC070

classified by MERALCO

 

 

 

 

 

 

 

If gross income exceeds P 720,000

 

 

 

WC071

On gross amount of interest on the refund of meter deposit whether paid directly to

 

 

 

 

 

 

Other recipients of talent fees

 

 

 

 

the

customers or applied against customer’s billings of

Non- Residential customers

 

WI661

 

WC661

 

If gross income for the current year did not exceed P 3M

 

WI080

 

 

whose

monthly electricity consumption exceeds 200 kwh as classified by

 

 

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI081

 

 

MERALCO

 

 

 

 

 

 

 

Other recipients of talent fees

 

 

 

 

On gross amount of interest on the refund of meter deposit whether paid directly to

 

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC080

the

customers or applied against customer’s billings of Residential and General

 

WI662

 

WC662

 

If gross income exceeds P 720,000

 

 

 

WC081

Service

customers whose monthly electricity consumption exceeds 200 kwh as

 

 

 

 

 

 

 

 

 

 

 

 

Fees of directors who are not employees of the company

 

 

 

 

classified by other electric Distribution Utilities (DU)

 

 

 

 

 

 

 

If gross income for the current year did not exceed P 3M

 

WI090

 

 

On gross amount of interest on the refund of meter deposit whether paid directly to

 

 

 

 

 

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI091

 

 

the customers or applied against customer’s billings of

Non-Residential customers

 

WI663

 

WC663

 

Rentals: On gross rental or lease for the continued use or possession of personal

 

 

 

 

whose

monthly electricity consumption exceeds 200 kwh as classified by other

 

 

 

 

 

 

 

 

 

 

 

 

 

property in excess of Ten thousand pesos (P 10,000) annually and real property

 

WI100

 

WC100

electric

Distribution Utilities (DU)

 

 

 

 

 

 

 

used in business which the payor or obligor has not taken title or is not taking title,

 

 

Income

payments made by political parties and candidates of local and national

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

or in which has no equity; poles, satellites, transmission facilities and billboards

 

 

 

 

elections on all their purchases of goods and services related to campaign

 

 

 

 

 

 

Cinematographic film rentals and other payments to resident individuals and

 

WI110

 

WC110

expenditures, and income payments made by individuals or juridical persons for

 

WI680

 

WC680

 

corporate cinematographic film owners, lessors or distributors

 

 

their purchases of goods and services intended to be given as campaign

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income payments to certain contractors

 

WI120

 

WC120

contributions to political parties and candidates

 

 

 

 

 

 

 

Income distribution to the beneficiaries of estates and trusts

 

WI130

 

 

Income

payments received by Real Estate Investment Trust (REIT)

 

 

 

WC690

 

Gross commissions or service fees of customs, insurance, stock, immigration and

 

 

 

 

Interest

income derived from any other debt instruments not within the

 

WI710

 

WC710

 

commercial brokers, fees of agents of professional entertainers and real estate

 

 

 

 

coverage of deposit substitutes and Revenue Regulations No. 14-2012

 

 

 

 

 

 

 

 

 

 

 

 

 

service Practitioners (RESPs), (i.e. real estate consultants, real estate appraisers

 

 

 

 

Income payments on locally produced raw sugar

 

 

WI720

 

WC720

 

and real estate brokers)

 

 

 

 

Sale of Real Property (Ordinary Asset)

1.50%

 

WI555

 

WC555

 

If gross income for the current year did not exceed P 3M

 

WI139

 

 

 

 

 

 

3%

 

WI556

 

WC556

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI140

 

 

 

 

 

 

5%

 

WI557

 

WC557

 

Gross commissions or service fees of customs, insurance, stock, immigration and

 

 

 

 

 

 

 

 

6%

 

WI558

 

WC558

 

commercial brokers, fees of agents of professional entertainers and real estate

 

 

 

 

 

B

Money Payments Subject to Withholding of Business Tax by Government or Private

 

service Practitioners (RESPs), (i.e. real estate consultants, real estate appraisers

 

 

 

 

 

 

 

Payor (Individual & Corporate)

 

 

 

 

 

 

and real estate brokers)

 

 

 

 

Persons Exempt from VAT under Sec. 109BB (creditable)-Government Withholding

 

WB080

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC139

Agent

 

 

 

 

 

 

 

 

 

 

 

 

 

If gross income exceeds P 720,000

 

 

 

WC140

Persons Exempt from VAT under Sec. 109BB (creditable)-Private Withholding

 

WB082

 

Professional fees paid to medical practitioners (includes doctors of medicine,

 

 

 

 

Agent

 

 

 

 

 

 

 

 

 

 

 

 

 

 

doctors of veterinary science & dentists) by hospitals & clinics or paid directly by

 

 

 

 

VAT Withholding on Purchases of Goods (with waiver of privilege to claim input tax

 

WV012

 

Health Maintenance Organizations (HMOs) and/or similar establishments

 

 

 

 

credit) (creditable)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If gross income for the current year did not exceed P 3M

 

WI151

 

 

VAT Withholding on Purchases of Services (with waiver of privilege to claim input

 

WV022

 

If gross income is more than P 3M or VAT Registered regardless of amount

 

WI150

 

 

tax credit) (creditable)

 

 

 

 

 

 

 

 

 

 

 

 

 

Professional fees paid to medical practitioners (includes doctors of medicine

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

doctors of veterinary science & dentists) by hospitals & clinics or paid directly by

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Health Maintenance Organizations (HMOs) and/or similar establishments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

If gross income for the current year did not exceed P 720,000

 

 

 

WC151

 

 

 

 

 

 

 

 

 

 

 

If gross income exceeds P 720,000

 

 

 

WC150

 

 

 

 

 

 

 

 

 

 

 

 

C Money Payments Subject to Withholding of Business Tax by Government Payor Only

 

 

 

 

 

 

 

Tax on Carriers and Keepers of Garages

 

 

 

WB030

Tax on Other Non-Banks Financial Intermediaries not Performing Quasi-Banking

 

 

 

 

 

 

Franchise Tax on Gas and Utilities

 

 

 

WB040

Functions

 

 

 

 

 

 

 

Franchise Tax on radio & radio & TV broadcasting companies whose annual gross receipts do

 

WB050

A.

 

 

On interest, commissions and discounts from lending activities as well as Income

 

 

 

 

not exceed P10M & who are not VAT-registered taxpayers

 

 

 

from financial leasing, on the basis of the remaining maturities of instrument from

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tax on Life Insurance Premiums

 

 

 

WB070

which such receipt are derived

 

 

 

 

 

 

 

Tax on Overseas Dispatch, Message or Conversation from the Philippines

 

 

 

WB090

 

- Maturity period is five years or less

 

5%

 

 

WB108

 

Tax on Banks and Non-Bank Financial Intermediaries Performing Quasi Banking Functions

 

 

 

- Maturity period is more than five years

 

1%

 

 

WB109

 

A. On interest, commissions and discounts from lending activities as well as income from financial

 

 

B.

 

 

On all other items treated as gross income under the code

5%

 

 

WB110

 

leasing, on the basis of the remaining maturities of instrument from which such receipt are derived

 

 

Tax on Cockpits

 

 

 

 

WB140

 

- Maturity period is five years or less

5%

 

WB301

Tax on amusement places, such as cabarets, night and day clubs, videoke bars, karaoke bars,

 

WB150

 

- Maturity period is more than five years

1%

 

WB303

karaoke television, karaoke boxes, music lounges and other similar establishments

 

 

 

 

 

 

 

 

 

 

 

B. On dividends and equity shares and net income of subsidiaries

0%

 

WB102

Tax on Boxing exhibitions

 

 

 

 

WB160

 

C. On royalties, rentals of property, real or personal, profits from exchange

 

 

 

WB103

Tax on Professional basketball games

 

 

 

 

WB170

 

and all other items treated as gross income under the Code

7%

 

Tax on jai-alai and race tracks

 

 

 

 

WB180

 

 

 

 

 

 

 

 

D. On net trading gains within the taxable year on foreign currency, debt

 

 

 

WB104

Tax on sale, barter or exchange of stocks listed and traded through Local Stock exchange

 

WB200

 

securities, derivatives and other similar financial instruments

7%

 

Tax on shares of stock sold or exchanged through initial and secondary public offering

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business tax on Agents of Foreign Insurance Companies - Owner of the Property

 

 

 

WB121

 

- Not over 25%

 

4%

 

 

WB201

 

Tax on International Carriers

 

 

 

WB130

 

- Over 25% but not exceeding 33 1/3%

 

2%

 

 

WB202

 

Business Tax on Agents of Foreign Insurance Companies - Insurance Age

 

 

 

WB120

 

- Over 33 1/3%

 

1%

 

 

WB203

 

Business Tax on Agents of Foreign Insurance Companies - Owner of the Property

 

 

 

WB121

 

 

 

 

 

 

 

 

 

 

 

Tax on International Carriers

 

 

 

WB130

 

 

 

 

 

 

 

 

 

 

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Stage # 1 in filling in form 2307

2. Once your current task is complete, take the next step – fill out all of these fields - Total, Money Payments Subject to, and Business Tax Government Private with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Part # 2 of submitting form 2307

Many people often make mistakes when filling out Business Tax Government Private in this section. You need to read again whatever you type in here.

3. This next segment is about Total, We declare under the penalties of, Tax Agent Accreditation No, Attorneys Roll No if applicable, Signature over Printed Name of, Indicate TitleDesignation and TIN, Date of Issue MMDDYYYY, CONFORME, Date of Expiry MMDDYYYY, Tax Agent Accreditation No, Attorneys Roll No if applicable, Signature over Printed Name of, Indicate TitleDesignation and TIN, Date of Issue MMDDYYYY, and Date of Expiry MMDDYYYY - complete each one of these blank fields.

form 2307 conclusion process described (portion 3)

Step 3: Glance through all the information you have inserted in the blank fields and then press the "Done" button. Try a 7-day free trial option at FormsPal and acquire instant access to bir 2307 - with all adjustments kept and accessible in your personal account page. FormsPal provides protected document editor with no data recording or distributing. Be assured that your data is in good hands here!

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