PH BIR Form 1601-C 2018-2026 free printable template

Republic of the Philippines Department of Finance Bureau of Internal Revenuer BIR BCS/ Use Only Item:BIR Form No. Monthly Remittance Return1601Cof Income Taxes Withheld on Compensation January 2018

How to fill out 1601 c bir form

How to fill out PH BIR Form 1601-C

1. Obtain a copy of BIR Form 1601-C from the BIR website or your local BIR office.
2. Fill out your taxpayer identification number (TIN) in the designated field.
3. Indicate the relevant tax period (e.g., month and year).
4. Fill in your name or the business name of your organization.
5. Provide the address of your business or residence.
6. Declare the total amount of income earned for the period in question.
7. Calculate the total tax due using the appropriate tax rates.
8. Fill out any applicable deductions, if required.
9. Review and ensure all information is accurate and complete.
10. Sign and date the form before submitting it to the BIR.

Who needs PH BIR Form 1601-C?

1. Individuals and businesses that are engaged in the sale of goods and services and are registered under the BIR.
2. Employers who need to report and remit withholding tax on compensation paid to employees.
3. Self-employed individuals who are required to file and pay monthly income taxes.

• 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.

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 sample

What is the deadline for 1601eq?

The quarterly withholding tax remittance return shall be filed and the tax paid/remitted not later than the last day of the month following the close of the quarter during which withholding was made.

What form is 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.

What is the purpose of BIR form 1601?

The tax rates and nature of income payments subject to final withholding taxes are printed in BIR Form Nos. 1601-FQ, 1602Q and 1603Q respectively. On or before January 31 of the year following the calendar year in which the income payments subject to final withholding taxes were paid or accrued.

How to fill out 1604c Schedule 1?

What Information Must be Included in BIR Form 1604-C? The Taxpayer or Full Company Name. The Tax Identification Number (TIN) Registered Address of the Company. Revenue District Office (RDO) (where the company is registered) Code and Category of Withholding Agent (i.e. the withholding tax status of the company)

What is the purpose of final withholding tax Philippines?

- Final Withholding Tax is a kind of withholding tax which is prescribed only for certain payors and is not creditable against the income tax due of the payee for the taxable year. Income Tax withheld constitutes the full and final payment of the Income Tax due from the payee on the said income.

What is tax type 1601?

What is it? BIR Form 1601-EQ is a tax form that is used to remit all other forms of final withholding taxes. Much like form 1601FQ, 1601-EQ forms can be used in remitting taxes withheld for the 3rd month of the quarter, in ance with the provisions listed within the TRAIN law.

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What is PH BIR Form 1601-C?

PH BIR Form 1601-C is a tax return used in the Philippines for the remittance of income taxes withheld on compensation paid to employees. It is filed by employers to report the tax withheld from their employees' salaries.

Who is required to file PH BIR Form 1601-C?

Employers who are required to withhold income tax from employee compensation must file PH BIR Form 1601-C. This includes both individual and corporate employers.

How to fill out PH BIR Form 1601-C?

To fill out PH BIR Form 1601-C, employers need to provide information such as their Tax Identification Number (TIN), the period covered, total compensation paid, total tax withheld, and details of the employees. It is important to follow specific instructions and guidelines provided by the Bureau of Internal Revenue (BIR).

What is the purpose of PH BIR Form 1601-C?

The purpose of PH BIR Form 1601-C is to report and remit the income taxes that employers have withheld from their employees' compensation. This helps ensure compliance with tax regulations and contributes to government revenue.

What information must be reported on PH BIR Form 1601-C?

The information that must be reported on PH BIR Form 1601-C includes the employer's TIN, the period of payment, total amount of compensation paid, total amount of tax withheld, and details of each employee's individual compensation and withholding.