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RNG Bank Salary Loan Table for DepEd Teachers

Salary Loan Table - RNG Coastal Bank RNG Bank offers salary loan for permanent DepEd teaching and non-teaching staff thru Automatic Payroll Deduction System (APDS). Features: 📍LOW INTEREST RATE 📍LOAN AMOUNT UP TO 500,000 📍5 YEARS MAXIMUM LOAN TERM 📍NO HIDDEN CHARGES 📍NO NEED TO GO TO THE OFFICE A Bank that is built with trust and integrity and committed to provide quality and safe banking services to its existing and future clients, RNG Coastal Bank, Inc . is a banking institution established in the year 1974. The Bank has 15 operating branches in the Visayas, 11 in Cebu and 4 in Bohol. Providing various financial products and services to its clients for almost 50 years, RNG Coastal Bank remains strong and continuously grows its number of branches to reach more Filipinos. Here are the branches of RNG Coastal Bank: RNG Coastal Bank Head Office Cor. Cabancalan Road, Talamban, Cebu City 6000 Labangon Branch Punta Princesa, (Labangon) Cebu City Asturias Branch Poblacion, Asturias, Ce...
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Download BIR Form No. 2316: Your Guide to the Certificate of Compensation Payment/Tax Withheld

Tax season can be a stressful time, but staying on top of essential documents like BIR Form No. 2316 can make the process much smoother. This form, a Certificate of Compensation Payment/Tax Withheld, is a critical requirement for both employers and employees in the Philippines.

In this guide, we’ll walk you through what BIR Form No. 2316 is, who needs it, how to use it, and where to download it in the format you need.

What is BIR Form No. 2316?

BIR Form No. 2316 is a certificate issued by employers to employees, summarizing the total compensation paid and the corresponding taxes withheld over the calendar year.

This form serves two purposes:

  1. Transparency for Employees: It provides employees with a detailed record of their income and tax deductions.
  2. Tax Filing Requirement: It must be attached to an individual’s Annual Income Tax Return (ITR), either BIR Form 1700 (for pure compensation income) or BIR Form 1701 (for mixed income).

Who Needs BIR Form No. 2316?

  • Employers: Responsible for issuing the form to all employees who received salaries or wages during the year.
  • Employees: Must keep this form to file their taxes or as proof of tax compliance for substituted filing.

When Should You Receive BIR Form No. 2316?

Employers are required to issue this certificate by the following deadlines:

  • Annual Issuance: On or before January 31 of the year following the tax period.
  • Employment Termination: On the same day as the employee’s final wage payment.

Timely issuance and receipt are crucial for compliance with BIR regulations.

How to Use BIR Form No. 2316

Employees should attach the form to their Annual Income Tax Return when filing their taxes. If you qualify for substituted filing (e.g., working for a single employer with taxes fully withheld), BIR Form No. 2316 can serve as your complete tax filing document.

Where to Download BIR Form No. 2316

You can easily access BIR Form No. 2316 in your preferred format:

  • Excel Format: Perfect for employers who need to process the form for multiple employees.
  • PDF Format: Ideal for employees who require a printable copy for personal use.

The form is available for download on the official BIR website or authorized online portals.

Click the following links to download the form.

View BIR Form No. 2316 excel

View BIR Form No. 2316 pdf

Why is BIR Form No. 2316 Important?

This document ensures accurate reporting of income and tax deductions, protects employees’ rights, and ensures employers’ compliance with tax regulations. Failing to issue or receive the form on time can lead to penalties or complications during the tax filing process.

Final Thoughts

Downloading and properly handling BIR Form No. 2316 is essential for smooth tax compliance. Whether you’re an employer preparing to issue the form or an employee needing it for your ITR, make sure to meet the deadlines and keep the form on hand.

Need to download the form now? Visit the official BIR website and select your preferred format (Excel or PDF).

Stay informed and ahead of your tax obligations with BIR Form No. 2316.

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