The Bureau of Internal Revenue requires all Philippine businesses and individuals subject to expanded withholding tax to use this form. Officially known as the Certificate of Creditable Tax Withheld at Source, it records income payments and the corresponding taxes withheld each month.
The January 2018 (ENCS) version of the form requires complete identification details for both the payee and the payor, including their Taxpayer Identification Numbers (TINs), registered names, and addresses. It covers a wide range of payment categories, each identified by an Alphanumeric Tax Code (ATC). Common categories include professional fees (WI010), rental payments (WI100), management and consultancy services, and contractor payments.
The form includes monthly income payment schedules and a sworn declaration of accuracy under the penalties of perjury, in accordance with the National Internal Revenue Code. It also complies with Republic Act No. 10173, the Data Privacy Act of 2012, ensuring lawful processing of personal information. Payees use this certificate to claim tax credits on their BIR Form 1701 annual income tax return, which reduces the total tax they owe for the year.
| Question | Answer |
|---|---|
| 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 |