This return shall be filed in triplicate by every withholding agent (WA)/payor who is either an individual or non-individual, required to deduct and withhold taxes on income payments to Expanded/Creditable Withholding Taxes.

The following table shows the new and modified Alphanumeric Tax Codes (ATC) for income payments subject to creditable and final withholding taxes. These tax codes are effective from January 1, 2018, in accordance with Republic Act No. 10963, known as the Tax Report for Acceleration and Inclusion (TRAIN) Law.

The Withholding of Creditable Tax at Source or simply called Expanded Withholding Tax is a tax imposed and prescribed on the items of income payable to natural or juridical persons, residing in the Philippines, by a payor-corporation/person which shall be credited against the income tax liability of the taxpayer for the taxable year.

ATC Tax Base (Consolidated for the Quarter) Tax Rate Tax Withheld ... If gross income exceeds P 720,000 15% WC021 controlled corporations (GOCCs) to its local/resident suppliers of goods 1% WI640 WC640 Professional athletes including basketball players, pelotaris and jockeys other than those covered by other rates of withholding tax ...

The BIR Website also serves as the gateway to all BIR electronic services (i.e. Electronic Filing and Payment System, eBIRForms, etc.) that were developed to make compliance with the Bureau's registration, filing and payment requirements easier for taxpayers.

Fill in all applicable spaces. Mark all appropriate boxes with an "X". 3 Payee’s Name (Last Name, First Name, Middle Name for Individual OR Registered Name for Non-Individual) 4 Registered Address 4A ZIP Code 5 Foreign Address, if applicable 7 Payor’s Name (Last Name, First Name, Middle Name for Individual OR Registered Name for …

The following table shows the tax codes to be used to get the values for Form 1601-E (Monthly Remittance Return of Creditable Income Taxes Withheld - Expanded) and Form 2307 (Certificate of Creditable Tax Withheld at Source) in the Withholding Tax SuiteApp.

ATC Codes - Free download as PDF File (.pdf), Text File (.txt) or read online for free. This document provides schedules of alphanumeric tax codes for various types of income payments and withholding tax rates in the Philippines.

The document contains a list of codes paired with descriptions of various types of income subject to creditable income tax withholding in the Philippines. It includes income types like professional fees, rentals, contractor payments, commissions, and payments to suppliers.

The amount of income tax withheld by the withholding agent is constituted as a full and final payment of income tax due from the payee of the said income. The liability for payment of tax rests primarily on the payor as a withholding agent.