Onett Computation Sheet Form PDF Details

The Onett Computation Sheet is a critical form for individuals involved in the sale of real property considered as an ordinary asset, detailing the necessary calculations for Expanded Withholding Tax (EWT) and Documentary Stamp Tax (DST). This form, designated as Annex B-4, plays a pivotal role in ensuring compliance with the relevant tax obligations as stipulated by the Bureau of Internal Revenue (BIR) in the Philippines. It meticulously captures essential information including the names and details of the seller and buyer, date of transaction, property details like the Official Certificate of Title (OCT) or Transfer Certificate of Title (TCT), Tax Declaration Number, location, classification, area, zonal value, fair market value, and selling price. Furthermore, the form delineates the tax base, which is the higher value among the zonal value, fair market value, or selling price, and outlines the computation details, taking into account any payments previously made, applicable surcharges, interest, and penalties. This comprehensive tool ensures transparency and accuracy in the calculation of taxes due, thereby facilitating a smoother transaction process. Additionally, it requires signatures from key officials, underscoring its importance in the legal and financial validation of property sales transactions. The Onett Computation Sheet not only helps taxpayers in adhering to their tax responsibilities but also aids in the process of audit and review by the tax authorities, ensuring that all necessary dues are accurately calculated and paid.

QuestionAnswer
Form NameOnett Computation Sheet Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesbir onett, onett computation sheet form, onett computation sheet tax, onett bir computation

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"Annex B-4"

ON ET T COM PU T AT I ON SH EET

EXPANDED WITHHOLDING TAX (EWT) AND DOCUMENTARY STAMP TAX (DST)

SALE OF REAL PROPERTY CONSIDERED AS ORDINARY ASSET

Revenue Region No. ______ , Revenue District Office No. ______ - _______________________________

NAME OF SELLER/S:

NAME OF BUYER/S:

DATE OF TRANSACTION:

ADDRESS:

ADDRESS:

DUE DATE (EWT):

TIN:

TIN:

DUE DATE (DST):

OCT/TCT CCT No.

Tax

Declaration

No. (TD)

LOCATION

CLASS.

AREA

ZV/

sq. m.

Zonal Value

(ZV)

Fair Market

Value (FMV)

per TD

Selling Price

(SP)

Tax Base

(ZV/FMV/SP whichever is

higher)

TOTAL

COMPUTATION DETAILS:

 

 

 

 

 

 

 

 

 

PER AUDIT

 

PER REVIEW

EXPANDED WITHHOLDING TAX

 

 

 

 

 

 

 

 

 

 

TAX DUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal basis: RR No. 2-98/RR No. 6-2001 (CTRP) NIRC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

P

 

x

 

 

 

 

 

 

 

 

P

 

 

P

 

 

 

(Tax Base)

 

 

(applicable rate)

 

 

 

 

 

 

 

 

 

 

Habitually engaged (registered with HLURB/HUDCC/6 or more transactions)

 

 

 

 

 

 

 

 

Below P500,000.00

= 1.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

P500,000.00 to P2M

= 3.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

P2M and above

 

 

= 5.0%

 

 

 

 

 

 

 

 

 

 

 

 

Not habitually engaged

= 6.0%

 

 

 

 

 

 

 

 

 

 

 

 

------------------------------------------------------LESS: Tax Paid per Return, if a return was filed

 

 

 

 

 

 

 

 

 

 

-------------------------------------------------------------------------EWT STILL DUE / (OVERPAYMENT)

 

 

 

P

 

 

P

 

 

 

Add:

25% Surcharge

 

 

 

P

 

 

 

 

 

 

 

 

 

 

 

Interest

(

 

 

to

 

)

 

 

 

 

 

 

 

 

 

 

 

Compromise Penalty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------TOTAL AMOUNT STILL DUE ON EWT

 

 

 

P

 

 

P

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DOCUMENTARY STAMP TAX

 

 

 

 

 

 

 

 

 

 

TAX DUE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legal basis: Section 196 (CTRP) NIRC

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

P

 

x

P15.00 for every P1,000.00 or a fraction thereof

P

 

 

P

 

 

 

(Tax Base)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

------------------------------------------------------LESS: Tax Paid per Return, if a return was filed

 

 

 

 

 

 

 

 

 

 

DST STILL DUE / (OVERPAYMENT)

 

 

 

P

 

 

P

 

 

 

 

 

 

 

 

 

 

 

Add:

25% Surcharge

 

 

 

P

 

 

 

 

 

 

 

 

 

 

 

Interest

(

 

 

to

 

)

 

 

 

 

 

 

 

 

 

 

 

Compromise Penalty

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

--------------------------------------------------------------------------TOTAL AMOUNT STILL DUE ON DST

 

 

 

P

 

 

P

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remarks:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

To be accomplished by ONETT Team.

Computed by:

ONETT Officer

(Signature Over Printed Name)

Approved by:

Head, ONETT Team

(Signature Over Printed Name)

Payment Verified by:

ONETT Member/ Collection Section

OR No.

 

Tax Type

 

Date of Payment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reference:

To be accomplished upon review.

Reviewed by:

Chief, Assessment Div.

(Signature Over Printed Name)

Approved by:

Regional Director

(Signature Over Printed Name)

The BIR is not precluded from assessing and collecting any deficiency internal revenue tax(es) that maybe found from the taxpayer after examination or review.

CONFORME:

TAXPAYER/AUTHORIZED REPRESENTATIVE

Telephone No.

Date

(Signature Over Printed Name)

Instruction: Prepare in duplicate and ascertain that ONETT Computation Sheet is signed by Head ONETT Team before release to taxpayer. Please attach additional sheet, if necessary.

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1. To get started, while filling in the onett computation sheet pdf, start with the part that features the subsequent blanks:

Completing segment 1 in onett bir

2. Given that the previous array of fields is done, it's time to add the required particulars in Below P P to PM PM and above, LESS Tax Paid per Return if a, Add, Surcharge Interest Compromise, TOTAL AMOUNT STILL DUE ON EWT, DOCUMENTARY STAMP TAX, TAX DUE, Legal basis Section CTRP NIRC, x P for every P or a fraction, Tax Base, LESS Tax Paid per Return if a, Add, Surcharge Interest Compromise, TOTAL AMOUNT STILL DUE ON DST, and Remarks so you can proceed to the third step.

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You can potentially get it wrong when completing your Surcharge Interest Compromise, for that reason be sure to reread it before you'll finalize the form.

3. This next portion focuses on CONFORME, TAXPAYERAUTHORIZED REPRESENTATIVE, Telephone No, Date, Signature Over Printed Name, Instruction Prepare in duplicate, and Please attach additional sheet if - type in each of these empty form fields.

onett bir completion process explained (portion 3)

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