Certificate of Compensation Payment/Tax Withheld

Submit the completed form to your employer's HR or accounting department. Ensure that all information is accurate and complete before submission. Employers will consolidate and submit the forms to the Bureau of Internal Revenue (BIR) along with BIR Form No. 1604CF. For further instructions, consult local BIR regulations or contact your employer's HR department. You can also use PrintFriendly to edit and finalize your form before submission. Our platform allows for easy editing, signing, and sharing of your PDF document. Ensure all signatures are included and the document is securely saved before submission.

Key dates for this form in 2024 and 2025 include submission deadlines for annual tax filings. Employers must submit the form by January 31st, whereas employees should ensure receipt by February 28th. Always verify with local regulations for exact dates.

The purpose of this form is to document and certify the compensation income and taxes withheld by an employer for an employee. It ensures compliance with BIR regulations and helps employees accurately report their income and taxes. Completing this certificate accurately is crucial for both employees and employers to avoid discrepancies and potential penalties.

• 1. Taxpayer Identification No.: A unique identifier for the taxpayer used for tax-related purposes.
• 2. Employee's Name: The full name of the employee (Last Name, First Name, Middle Name).
• 3. RDO Code: The Revenue District Office code associated with the taxpayer.
• 4. Registered Address: The complete address registered for tax purposes, including zip code.
• 5. Date of Birth: Employee's birthdate in MM/DD/YYYY format.
• 6. Telephone Number: The contact number of the employee.
• 7. Exemption Status: The marital status and additional exemptions claimed by the employee.
• 8. Name of Qualified Dependent Children: Details of dependent children qualifying for additional exemptions.
• 9. Employer's Name: The full name of the employer or company.
• 10. Gross Compensation Income: The total gross income earned from the present employer.
• 11. Non-Taxable/Exempt Compensation Income: The portion of compensation income that is exempt from tax.
• 12. Taxable Compensation Income: The portion of compensation income that is taxable.
• 13. Premium Paid on Health Insurance: Premiums paid on health and hospital insurance, if applicable.
• 14. Tax Due: The total amount of tax due based on the taxable compensation income.
• 15. Amount of Taxes Withheld: The total amount of taxes already withheld by the employer.
• 16. Employee Signature: The employee's signature to confirm the accuracy of the information provided.

Failure to submit this form can lead to several consequences, including penalties and fines. It may result in inaccurate tax reporting and potential audits by the Bureau of Internal Revenue.

• Penalties and Fines: Non-submission can incur financial penalties and fines imposed by the BIR.
• Inaccurate Tax Reporting: Not submitting the form can result in incorrect tax records, affecting both employee and employer.
• Potential Audits: Failure to submit can trigger audits and reviews by the BIR.

• 1. Annual Tax Filing: Used for reporting annual taxes and compensation.
• 2. Employee Compensation Report: Documents the employee's compensation income for the year.
• 3. Compliance Documentation: Ensures both employees and employers comply with tax regulations.
• 4. Income Verification: Verifies the total income earned by the employee from the employer.
• 5. Audit Preparation: Prepares documentation in case of a BIR audit or review.