return shall be filed in triplicate by all banks, non-bank financial
intermediaries, finance corporations, investment and trust companies
and similar institutions for final income tax withheld on interest
paid/accrued on deposit and yield or any other monetary benefit
from deposit substitutes and from trust fund and similar arrangements.
return shall be filed by the President, Vice-President or other
principal officer and shall be sworn to by the Treasurer or
and Where to File and Remit
return shall be filed and the tax due remitted on or before
the tenth (10th) day of the following month in which withholding
was made except for taxes withheld for December which shall
be filed/paid on or before January 15 of the succeding year.
However, with respect to non-large and large taxpayers who availed
of the Electronic Filing and Payment System (EFPS), the deadline
for electronically filing and paying the taxes due thereon via
EFPS shall be five days later than the deadline set above.
return shall be filed and the tax paid with the Authorized Agent
Bank (AAB) of the Revenue District Office having jurisdiction
over the withholding agent's place of business/office. In places
where there are no Authorized Agent Banks, the return shall
be filed and the tax paid with the Revenue Collection Officer
or the duly Authorized City or Municipal Treasurer within the
Revenue District where the withholding agent's place of business/office
is located, who will issue a Revenue Official Receipt (BIR Form
No. 2524) therefor.
the return is filed with an AAB, the lower portion of the return
must be properly machine-validated and duly stamped by the Authorized
Agent Bank to serve as the receipt of payment. The machine validation
shall reflect the date of payment, amount paid and transaction
code, and the stamped mark shall show the name of the bank,
branch code, teller's code and teller's initial. The AAB shall
also issue an official receipt or bank debit advice or credit
document, whichever is applicable, as additional proof of payment.
exchange rate to be used shall be the Daily Bangko Sentral ng
Pilipinas (BSP) Guiding Rate on the date of payment.
payees availing of tax relief under an International Tax Treaty
or Special law shall indicate under what classification they
belong. If they are availing under a Special law, they shall
specify that which is applicable to them.
taxpayer may file a separate return for the head office and
for each branch or place of business or a consolidated return
for the head office and all the brances except in the case of
large taxpayers where only one consolidated return is required.
Term Deposit or Investment
term "long-term deposit or investment certificate"
shall refer to certificate of time deposit or investment in
the form of savings, common or individual trust funds, deposit
substitute, investment management accounts and other investments
with a maturity peroid of not less than five (5) years, the
form of which shall be prescribed by the Bangko Sentral ng Pilipinas
(BSP) and issued by banks only (not by nonbank financial intermediaries
income derived from long-term deposit or investment in the form
of savings, common or individual trust funds, deposit substitutes,
investment management accounts and other investments evidenced
by certificates in such form prescribed by the Bangko Sentral
ng Pilipinas which was pre-terminated by the holder before the
fifth (5th) year shall be subjected to final withholding tax
at the rates herein prescribed to be deducted and withheld from
the proceeds thereof based on the length of time that the instrument
was held by the taxpayer.
(4) years to less than five(5) years
(3) years to less than four(4) years
than three (3) years
shall be imposed and collected as part of the tax:
of twenty five percent (25%) for each of the following
to file any return and pay the amount of tax or installment
due on or before the due date;
otherwise authorized by the Commissioner, filing a return
with a person or office other than those with whom it
is required to be filed;
to pay the full or part of the amount of tax shown on
the return, or the full amont of tax due for which no
return is required to be filed on or before the due
to pay the deficiency tax within the time prescribed
for its payment in the notice of assessment.
of fifty percent (50%) of the tax or of the deficiency
tax, in case any payment has been made on the basis of
such return before the discovery of the falsity or fraud,
for each of the following violations:
neglect to file the return within the period prescribed
by the Code or by rules and regulations; or
case a false or fraudulent return is willfully
at the rate of twenty percent (20%) per annum, or
such higher rate as may be prescribed by rules and
regulations, on any unpaid amount of tax, from the
date prescribed for the payment until the amount
is fully paid.4.
All background information must be properly filled up.
last 3 digits of the 12-digit TIN refers to the branch
No. 1 and 2 refer to the transaction perod and not the
date of filing this return.
= Taxpayer Identification Number
Part II (B), the ATC is the same as the ATC in Part II