When you register with the BIR, they will give you a Certificate of Registration where you will see all the types of taxes you need to file and the due dates for each. When you have a business, a freelancing career or practicing a profession, you will need to file specific forms on a quarterly or monthly basis. If you are a mixed income individual (meaning you earn salary from an employer and you are running a business or practicing a profession on the side), you will need both your BIR 2316 Form from your employer and you will also need to gather all your income and expense records for the year.īecause of the popularity of the Annual Income Tax Return in the Philippines, most taxpayers think that this is the only tax form that needs to filed.

If you are self-employed, you’ll need to gather all your income and expense records to calculate your taxable income. If you’re employed in the Philippines, you’ll likely receive a Form 2316 from your employer, which shows your gross pay, total taxable income and the amount that your employer withheld and remitted to the government for the year. In this blog, we will cover the most important questions you need answered to equip you with the right know-how to ace your Annual Income Tax Return filing: What Is BIR Form 2316 and Should You Have This?

This year, the deadline for filing your income tax return in the Philippines is April 15, 2023. Filing your taxes can be overwhelming, but it’s an important responsibility as a citizen. It’s that time of the year again! Time to start preparing for your annual income tax return.

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