BIR Withholding Tax Calculator

To comply with the Bureau of Internal Revenue (BIR) regulations, here’s how you can handle withholding tax under RR No. 7-2024:

Monthly Withholding Tax Filing:

Fill out BIR Form 1601-E monthly to report the creditable income taxes withheld for each month.

Submit the form to the authorized BIR collection agent (bank or Revenue Collection Officer) on or before the 10th day of the following month.

BIR Form 2307:

Keep and attach BIR Form 2307 to your Quarterly Income Tax Returns and Annual Income Tax Returns.

Deduct the tax withheld in the proper period.

Include the details in the summary alphalist of withholding taxes (SAWT) and the VAT Summary List of Sales (SLS), reconciling as needed.

Withholding Tax Calculator:

Use the BIR’s Withholding Tax Calculator to estimate withholding tax amounts.