BIR Form 2307 | Using It Correctly and Timely скачать в хорошем качестве

BIR Form 2307 | Using It Correctly and Timely

The BIR Form No. 2307 must be filed together with your Quarterly/Annual Income Tax Return – BIR Forms 1701Q / 1701 for individuals, or BIR Form 1702Q/ 1702 for non-individuals – for income tax liability. This form is also called the Certificate of Creditable Tax Withheld At Source. Amendments to the Mandatory Submission of SAWT, MAP, BIR Form No. 2307 and BIR Form N. 2316 under RR No. 2-2015: A seller who is Tax Agent needs BIR form 2307 because Lazada makes payment of CWT to BIR through you. WHT is added to your receivable. Can I use the tax credits (2307 forms given by our vendors to us) to pay for our VAT or we can only apply these tax credits to INCOME TAX? Answer: BIR Form 2307 in the books of accounts of the taxpayer is accounted for as an asset. They are considered as income tax prepayments – being, Creditable Tax Withheld at Source (BIR Form No. 2307). For self-employed or mixed income earners, use BIR Form 1701 and attach BIR Form 2307 issued by your clients and/or BIR Form 2316.