Composition of BIR Form 2316

It is important to know the composition of BIR form 2316 otherwise known as the Certificate of Compensation Payment or Income Tax Withheld.

 

The BIR form 2316 contains the following information:

 

1. For the Year (YYYY) - Calendar year 
2. For the Period (MM/DD) To (MM/DD) - payroll period coverage from the present employer
   
   
   
   PART 1: Employee Information
3. TIN - Employee's tax identification number
4. Employee's Name - Full name of the employee (Last Name, First Name, Middle Name)
5. RDO Code - Revenue District Office number of employee
6. Registered Address - Address of employee
   6A. Zip Code - employee's registered address' zip code
   6B. Local Home Address - temporary or current address of the employee
   6C. Zip Code - employee's local address' zip code
   6D. Foreign Address - employee's foreign address
7. Date of Birth (MM/DD/YYYY)- Birthdate of employee
8. Contact number
9. Statutory Minimum Wage rate per Day - rate per day
10. Statutory Minimum Wage rate per Month - rate per month
11. Minimum Wage Earner (MWE) whose compensation is exempt from Withholding Tax and not subject to income tax - mark x if applicable
    
    

 

PART 2: Employer Information (Present)

12. TIN - present employer's tax identification number
13. Employer's Name - present employer's name
14. Registered Address - present employer's registered address
    14A. Zip Code - present employer's registered address' zip code
15. Type of Employer - If Main Employer or Secondary Employer
    
    
    
    

PART 3: Employer Information (Previous)

16. TIN - previous employer's tax identification number
17. Employer's Name - previous employer's name
18. Registered Address - previous employer's registered address
    18A. Zip Code - previous employer's registered address' zip code
    
    
    

 

PART 4A: Summary

19. Gross Compensation Income from Present Employer - item 36 plus item 52
20. Less:  Total Non-Taxable/Exempt Compensation Income from Present Employer - item 38
21. Taxable Compensation Income from Present Employer - item 19 less item 20 (From item 52)
22. Add: Taxable Compensation Income from Previous Employer - if applicable
23. Gross Taxable Compensation Income - sum of items 21 and 22
24. Tax Due
25. Amount of Taxes Withheld
    25A. Present Employer - total taxes withheld by present employer
    25B. Previous Employer - total taxes withheld by previous employer
26. Total Amount of Taxes Withheld as adjusted -  Sum of items 25A and 25B
27. 5% Tax Credit (PERA Act of 2008) - 5% tax credit should be evidenced by a PERA-Tax Credit Certificate (TCC).
28. Total Taxes Withheld - sum of items 26 and 27 
    
    
    
    

    PART 4B: Details of Compensation Income and Tax Withheld from Present Employer

        A. Non-Taxable/Exempt Compensation Income

29. Basic Salary (including the exempt P250,000 & below or the Statutory Minimum Wage of the MWE)
30. Holiday Pay (MWE) - rate worked during holidays
31. Overtime (MWE) -  rate worked beyond working hours or overtime payment
32. Night Shift Differential (MWE) - amount worked during night differential
33. Hazard Pay (MWE) - hazard payment is given to employees for performing hazardous duties if applicable
34. 13th-month pay and other Other Benefits (maximum of P90,000) - 13th-month and bonuses given to employees
35. De Minimis Benefits - small values provided by the employer to employees merely as a means to promote health, goodwill, contentment, or efficiency.
36. SSS, GSIS, PHIC & PAG-IBIG Contributions & Union Dues (Employee Share only )- Mandatory government premium for present employer
37. Salaries & Other Forms of Compensation - other benefits that are non-taxable which can not be classified as de minimis
38. Total Non-Taxable/Exempt Compensation Income - Total of items from 29 to 37 
    
     
    
     
    B. Taxable Compensation Income Regular 
    
    
39. Basic Salary - Wage rate of non-MWE
40. Representation - allowance
41. Transportation - allowance
42. Cost of Living Allowance (COLA) - allowance given to an employee on top of basic salary
43. Fixed Housing Allowance - allowance
44. Others (44A and 44B) - if they have other allowances aside from the above items
45. Commission - sales commission
46. Profit Sharing - if any
47. Fees including Director's Fees - Professional fees of employees
48. Taxable 13th-month pay and Other Benefits- 13th-month pay and bonuses in excess of P90,000 ceiling
49. Hazard Pay - hazard payment is given to employees for performing hazardous duties if applicable
50. Overtime Pay - Payment in excess of regular working hours
51. Others (51A and 51B) - payment other than items 45-50
52. Total Taxable Compensation Income- total of items from 39 to 51B