PH BIR Form 1601-C 2001 free printable template

Mark all appropriate boxes with an X. 1 For the Month 2 Amended Return 3 No. of Sheets Attached MM / YYYY Yes No Part I Background Information 5 TIN 6 RDO Code 7 Line of Business/ Occupation 8 Withholding Agent s Name Last Name First Name Middle Name for Individuals / Registered Name for Non-Individuals 10 Registered Address BIR Form No. 1601-C September 2001 ENCS 4 Any Taxes Withheld Telephone Number 11 Zip Code 12 Category of Withholding Agent Private PSIC 13 Are there payees availing of...

How to fill out 1601c 2001 form

How to fill out 1601c:

1. Obtain a copy of the 1601c form from the Bureau of Internal Revenue (BIR) website or from any BIR office.
2. Fill in the required information accurately. This includes the taxpayer's name, taxpayer identification number (TIN), registered address, and contact details.
3. Provide the necessary details about the employer or payer, such as their name, TIN, and address.
4. Indicate the nature of the income being reported, whether it is compensation income, final withholding tax, or government earnings.
5. Report the taxable compensation income received for the specific period indicated in the form.
6. Calculate the required tax payable using the BIR prescribed tax rates. Subtract any applicable deductions or exemptions if applicable.
7. Double-check all the information provided to ensure accuracy and completeness.
8. Attach any required supporting documents, such as income statements or payment receipts.
9. Sign and date the form accordingly before submission to the nearest BIR office.

Who needs 1601c:

1. Individuals who have received compensation income and are subject to withholding tax.
2. Employers or payers who are required by law to withhold and remit final taxes on behalf of their employees.
3. Accountants or tax professionals tasked with fulfilling the tax obligations of individuals or organizations.

Note: It is essential to consult with a tax advisor or refer to the specific guidelines provided by the BIR for a comprehensive understanding of the 1601c form and its requirements.

• Who must File BIR Form 1601?
• What is BIR Form 1601 for?
• When is BIR Form 1601 Due?
• • Is BIR Form 1601 Accompanied by Other Forms?
  • What Information do I Include in BIR Form 1601?
  • Where do I Send BIR Form 1601?

Who must File BIR Form 1601?

BIR Form 1601 is known as the Monthly Remittance Return of Income Taxes Withheld on Compensation. Every withholding agent must complete and submit this form in triplicate. An applicant may be an individual or non-individual who must deduct and withhold taxes on compensation that is paid to their employees.

What is BIR Form 1601 for?

This form’s main purpose is to report the monthly income tax return on the employees’ compensation.

When is BIR Form 1601 Due?

There is a special due date for this form. An applicant must submit this document by the tenth day of the month that follows the month when the withholding of the taxes has been made (except for December). If you fail following this due date, you may face certain penalties.

Is BIR Form 1601 Accompanied by Other Forms?

There are no specific documents that must be attached to the Monthly Remittance Return of Income Taxes Withheld on Compensation. However, if you attach some documents, you must indicate the number of sheets you attach in the form.

What Information do I Include in BIR Form 1601?

The following information must be indicated in BIR Form 1601:

• Month and year;

• Number of sheets attached;

• If the return is amended or not;

• Background information: TIN, DO code, occupation/type of business, name of the withholding agent, registered address, telephone number, category of withholding agent;

• Computation of the tax;

• Details of payments.

Pay attention to the part of the form devoted to the computation of the tax. A single mistake in calculations may lead to negative consequences.

Where do I Send BIR Form 1601?

The Authorized Agent Bank is the institution that will process your filed form.

Video instructions and help with filling out and completing 1601c

Instructions and Help about bir 1601 c pdf form

What is bir form 1601 c?

Form 1601-C or Monthly Remittance Return of Income Taxes Withheld on Compensation is filed by a Withholding Agent who deducts and withhold taxes on compensation paid to employees.

People Also Ask about 1601c

Is 1601e and 0619E the same?

Form 1601EQ – Quarterly Remittance of Creditable Income Tax Withheld. This is what you file every January, April, July, and October. Each form covers the quarter immediately preceding it. It's basically similar to Form 0619E but with more details as to what you withheld.

What is monthly remittance return of income taxes withheld on compensation?

After Withholding Tax on Compensation has been withheld by the employer, it is then totaled across all employees and remitted monthly to the BIR using BIR Form 1601-C. The Monthly Remittance Return of Income Taxes Withheld on Compensation is due within 10 days after the close of each month if filing manually.

Do I need to file 1601C?

To those who don't know what BIR Form 1601C is, it's a form you have to file each month when you have employees. And the exact name the BIR gave this form is the Monthly Remittance Return of Income Taxes Withheld on Compensation.

How to generate 1601C?

Here are the steps on how to generate new BIR form 1601C: Go to Reports. Click BIR. Click 1601-C. Click necessary Details. Choose the January 2018 new version, then Click Generate. Confirm by clicking ok. Print the PDF file.

What is the deadline for monthly 1601C?

e-Filing of 1601-C (WTC) for December 2022 (Group C). Submission to PEZA/BOI of AFS and ITR filed with the BIR on 15 December 2022 by PEZA/BOI-registered enterprises whose YE 31 August 2022.

Who files 1601C?

BIR Form No. 1601C - Guidelines and Instructions. 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 compensation paid to employees.

What is the purpose of 1601C?

What is this form? Form 1601-C or Monthly Remittance Return of Income Taxes Withheld on Compensation is filed by a Withholding Agent who deducts and withhold taxes on compensation paid to employees.

For pdfFiller’s FAQs

What is 1601c?

1601c is a section of the Internal Revenue Code that is related to the taxation of self-employment income. It defines the rules and regulations that self-employed individuals must follow in order to calculate and pay taxes on their income.

What is the purpose of 1601c?

1601c is a provision of the American Jobs Creation Act of 2004. It is designed to provide tax relief to certain individuals who receive a qualified settlement from a lawsuit or claim. Specifically, it allows individuals to exclude up to $2,000,000 of the settlement from their taxable income.

What information must be reported on 1601c?

The following information must be reported on Form 1601-C: 1. Employer's name, address, and Tax Identification Number (TIN) 2. Employer's branch code 3. Employee's name, address, and TIN 4. Employee's date of birth 5. Employee's date of regularization 6. Employee's position 7. Employee's basic salary 8. Employee's total earnings 9. Employee's total deductions 10. Employee's net taxable compensation 11. Number of days worked 12. Total amount withheld for income tax 13. Amount withheld for other taxes 14. Total amount paid to the employee 15. Nature of tax type 16. Total amount to be remitted to the BIR

What is the penalty for the late filing of 1601c?

The penalty for late filing of Form 1601-C is a fine of not less than Php 1,000 but not more than Php 25,000.

Who is required to file 1601c?

In the Philippines, individuals or entities who make payments to resident citizens, aliens, or non-resident citizens for compensation, volunteer workers, independent contractors, and professional practitioners, among others, are required to file BIR Form 1601C. BIR Form 1601C is used for the monthly remittance return of income taxes withheld on compensation, which should be filed by employers or withholding agents.

How to fill out 1601c?

To correctly fill out BIR Form 1601-C (Monthly Remittance Return of Income Taxes Withheld on Compensation), follow these steps: 1. Fill out the taxpayer and employer information at the top of the form, including TIN, RDO code, line of business, and registered address. 2. Determine the applicable tax month and year, and indicate it on the form. 3. Enter the total number of employees and the total amount of compensation paid during the month in Part I - Background Information. This includes the total amount of basic salary, overtime pay, holiday pay, night shift differential, and other compensation remunerations. 4. Calculate and enter the total amount of withholding tax due for the month in Part II - Tax Payable. 5. Compute the penalties, if any, and enter them in the appropriate boxes in Part III - Penalties. 6. Determine the total amount of withholding tax payable by adding the tax due and penalties, then enter it in the Total Amount Payable box. 7. Fill out Part V - ATC and Other Information by indicating the appropriate ATC (Alpha Tax Code) for the withholding tax due. Also include any additional information or explanations if necessary. 8. Complete Part VI - Certification by the Taxpayer by signing and dating the form. 9. Finally, submit the accomplished BIR Form 1601-C along with the required attachments (e.g., alphalist of employees, summary list of alphalist of payees, proof of payment) to the Revenue District Office (RDO) for filing and payment. Remember to consult the accompanying guidelines and regulations to ensure accurate completion of the form.

When is the deadline to file 1601c in 2023?

The deadline for filing form 1601-C for 2023 varies depending on your taxpayer category. The general deadline for individuals and non-individuals is on or before the 10th day of the month following the close of the taxable quarter. If you have a different taxpayer category or specific circumstances, it is advisable to consult a tax professional or the relevant tax authority for accurate and up-to-date information.

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