2003 bir form: Fill out & sign online

Here's how it works

01. Edit your rmc 85 2011 online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send 2307 2003 via email, link, or fax. You can also download it, export it or print it out.

The best way to modify Rmc 85 2011 in PDF format online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Working on documents with our feature-rich and user-friendly PDF editor is simple. Make the steps below to fill out Rmc 85 2011 online quickly and easily:

Log in to your account. Log in with your credentials or register a free account to try the service before upgrading the subscription.
Upload a document. Drag and drop the file from your device or import it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
Edit Rmc 85 2011. Quickly add and underline text, insert images, checkmarks, and symbols, drop new fillable fields, and rearrange or delete pages from your paperwork.
Get the Rmc 85 2011 accomplished. Download your modified document, export it to the cloud, print it from the editor, or share it with other people through a Shareable link or as an email attachment.

Make the most of DocHub, one of the most easy-to-use editors to rapidly handle your paperwork online!

See more rmc 85 2011 versions

We've got more versions of the rmc 85 2011 form. Select the right rmc 85 2011 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2018	4.8 Satisfied (151 Votes)
2005	4.3 Satisfied (101 Votes)
2003	4 Satisfied (37 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

What is a creditable withholding tax?

The term creditable means the taxes withheld (CWT withheld) are deductible from the income tax due the taxpayer payee (or can be offset against the income tax due of the taxpayer). Creditable, in this instance, means deductible from the tax/income tax due.

How do I calculate 2307 withholding?

With Creditable Withholding Tax (BIR FORM 2307) Compute the amount of withholding tax by multiplying the amount of gross sales by the applicable withholding tax rate. Compute the net amount to be collected by deducting the amount of withholding tax from the amount of sales.

What is withholding of creditable tax at source?

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

Who pays the creditable withholding tax?

2307. Creditable withholding tax is an advance income tax of the payee. This would mean that even before filing the income tax return in the Philippines, the taxpayer had already remitted portion of its income tax liability through the payor who withheld and remitted the same to the BIR.

Who will submit 2307?

Who should fill up this form? The withholding agent is the one who will always fill out the BIR 2307. Depending on your business, you may either be the issuer or recipient of this form.

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

How is 2307 withholding tax calculated in the Philippines?

With Creditable Withholding Tax (BIR FORM 2307) Compute the amount of withholding tax by multiplying the amount of gross sales by the applicable withholding tax rate. Compute the net amount to be collected by deducting the amount of withholding tax from the amount of sales.

How is Form 2307 calculated?

With Creditable Withholding Tax (BIR FORM 2307) Compute the amount of withholding tax by multiplying the amount of gross sales by the applicable withholding tax rate. Compute the net amount to be collected by deducting the amount of withholding tax from the amount of sales.

How is withholding tax calculated in the Philippines?

Withholding Tax on Compensation is based on graduated withholding tax rates ranging from 0% to 35% and will be based on or dependant on net taxable compensation of a particular employee. The BIR has developed and issued a Withholding Tax table which is available on the BIR website.

What is creditable percentage tax withheld?

The BIR Form 2307, known as the Certificate of Creditable Tax Withheld at Source, is a certificate that is accomplished and issued to recipients of income subject to expanded withholding tax. Its one of the most common BIR forms used by businesses of all sizes from multinational corporations to freelancers.

Who pays withholding tax in the Philippines?

Withholding Taxes is a corporate tax obligation paid by taxpayers engaged in trade or business activities in the Philippines. Employers withhold from the salary of their employees every month and each amount withheld serves as an advanced payment for the employers Income Taxes during the business year.

Get the up-to-date rmc 85 2011-2024 now

Here's how it works