EWT- Income payments made by top 10,000 private corporations to their local/resident supplier of goods

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.

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 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.

EWT is a tax collected every month and involves businesses acting as withholding agents. Licensed professionals and individuals with yearly incomes above 250,000 pesos are responsible for paying EWT. Different rates apply based on the amount of income, with a 10% withholding tax for incomes below 720,000 pesos and a 15% withholding tax for ...

To implement the tax reforms on Creditable or Expanded Withholding Tax (EWT) in the Philippines under the Tax Reform for Acceleration and Inclusion (TRAIN) or Republic Act No. 10963 (RA 10963) effective January 1, 2018, the Bureau of Internal Revenue (BIR) issued Revenue Regulations No. 11-2018 dated January 31, 2018 (RR 11-18) in Philippines ...

Feb 28, 2011 · It’s your developer (the withholding agent) who will file EWT and remit it to the BIR. What you should do is to ask for certificate of creditable withholding tax (BIR form 2307) to claim the withheld income to your tax payment.

This document provides schedules of alphanumeric tax codes for various types of income payments and withholding tax rates in the Philippines. It lists the nature of income payments, applicable tax rates, and tax code indicators for both individuals and corporations.

BIR Form 1601EQ is the Quarterly Remittance Return of Creditable Income Taxes Withheld (Expanded). To keep it short and simple, it is the BIR Form used in filing and remitting Withholding Tax Expanded for a given quarter.

Click the ATC link and select ATC from the Schedules of Alphanumeric Tax Codes. Supply values for the Tax Base for the Computation of Tax. The Tax Required To Be Withheld and Remitted, Total Tax Required To Be Withheld and Remitted and Tax Still Due/ (Overremittance) are automatically computed by the system upon validation.