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Expanded Withholding Tax and Final Withholding Tax Overview In the operation of withholding tax system, the withholding agent is the mayor, a separate entity acting no more than an agent of the government

How to fill out expanded withholding tax form

How to fill out expanded withholding tax:

1. Obtain a copy of the BIR Form 1604E, which is the official form for reporting expanded withholding tax. This form can be downloaded from the Bureau of Internal Revenue (BIR) website or obtained from BIR offices.
2. Fill out the taxpayer's information, such as name, TIN (Taxpayer Identification Number), registered address, and contact details, in the designated fields on the form.
3. Indicate the applicable year for the expanded withholding tax that you are reporting.
4. List down the names and TINs of the payees from whom you have withheld taxes. This includes individuals or businesses from whom you have made payments subject to expanded withholding tax.
5. Enter the amount of income paid to each payee subject to withholding tax in the appropriate column.
6. Calculate the expanded withholding tax by multiplying the income subject to withholding by the applicable withholding tax rate.
7. Report the total amount of expanded withholding tax for the year in the appropriate box on the form.
8. Attach the necessary supporting documents, such as official receipts or BIR Form 2307 (Certificate of Creditable Tax Withheld at Source), which serves as proof of the taxes withheld and paid to the government.
9. Review and double-check all the information provided on the form to ensure accuracy.
10. Submit the completed Form 1604E and supporting documents to the BIR office or through the designated electronic filing and payment system (eFPS).

Who needs expanded withholding tax:

1. Corporations: Corporations, including partnerships and limited liability companies, are required to withhold taxes on certain payments made to their suppliers, contractors, and service providers, subject to the provisions of the expanded withholding tax system.
2. Government Agencies: Government agencies, including instrumentalities and local government units, may also be subject to expanded withholding tax on payments they make to individuals or businesses.
3. Withholding Agents: Any person or entity designated as a withholding agent is responsible for withholding taxes on behalf of the payees. These withholding agents can include employers, banks, insurance companies, real estate agents, and other businesses involved in making payments subject to expanded withholding tax.

It is important to consult with a tax professional or refer to the BIR guidelines and regulations for specific details on who needs to comply with expanded withholding tax requirements.

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