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Certificate of Compensation Payment/Tax Withheld

This document is a Certificate of Compensation from the Bureau of Internal Revenue of the Philippines for an employee named Roneil Espinosa Igbalic. It details the employee's compensation from their employer, HC Consumer Finance Philippines Inc., for the period of January 1, 2020 to July 31, 2020. It provides a breakdown of the employee's non-taxable income, which totals 73,887.95 Philippine Pesos, as well as sections for taxable income and tax withholdings. However, the employee's taxable income for the period was 0 Philippine Pesos as their entire compensation was non-taxable or exempt.

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Kimberly Igbalic
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0% found this document useful (0 votes)
65 views1 page

Certificate of Compensation Payment/Tax Withheld

This document is a Certificate of Compensation from the Bureau of Internal Revenue of the Philippines for an employee named Roneil Espinosa Igbalic. It details the employee's compensation from their employer, HC Consumer Finance Philippines Inc., for the period of January 1, 2020 to July 31, 2020. It provides a breakdown of the employee's non-taxable income, which totals 73,887.95 Philippine Pesos, as well as sections for taxable income and tax withholdings. However, the employee's taxable income for the period was 0 Philippine Pesos as their entire compensation was non-taxable or exempt.

Uploaded by

Kimberly Igbalic
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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. . .

Republic of the Philippines


For BIR BCS/ Department of Finance
Use Only Item: Bureau of Internal Revenue
BIR Form No.
Certificate of Compensation
2316
January 2018 (ENCS)
Payment/Tax Withheld
For Compensation Payment With or Without Tax Withheld 2316 01/18ENCS
Fill in all applicable spaces. Mark all appropriate boxes with an "X".
1 For the Year 2 For the Period
2020 01 01 07 31
(YYYY) From (MM/DD) To (MM/DD)
Part I - Employee Information Part IV-B Details of Compensation Income & Tax Withheld from Present Employer
3 TIN
495 745 680 0000 A. NON-TAXABLE/EXEMPT COMPENSATION INCOME Amount

4 Employee's Name (Last Name, First Name, Middle Name) 5 RDO Code 27 Basic Salary (including the exempt P250,000 & below) 32,588.86
or the Statutory Minimum Wage of the MWE
Igbalic , Roneil Espinosa 044

6 Registered Address 6A ZIP Code 28 Holiday Pay (MWE) 0.00

Shrine Hills Matina, Davao City 29 Overtime Pay (MWE) 2,215.62


6B Local Home Address 6C ZIP Code
30 Night Shift Differential (MWE) 0.00

6D Foreign Address
31 Hazard Pay (MWE) 0.00

7 Date of Birth (MM/DD/YYYY) 8 Contact Number 32 13th Month Pay and Other Benefits 8,132.31

02 27 1994 33 De Minimis Benefits 0.00

9 Statutory Minimum Wage rate per day 34 SSS, GSIS, PHIC & PAG-IBIG Contributions 2,958.91
and Union Dues (Employee share only)
10 Statutory Minimum Wage rate per month 27,992.25
35 Salaries and Other Forms of Compensation
Minimum Wage Earner (MWE) whose compensation is exempt from
11
withholding tax and not subject to income tax 36 Total Non-Taxable/Exempt Compensation 73,887.95
Part II - Employer Information (Present) Income (Sum of Items 27 to 35)
12 TIN
008 453 991 0000 B. TAXABLE COMPENSATION INCOME REGULAR

13 Employer's Name
37 Basic Salary
HC CONSUMER FINANCE PHILIPPINES INC. 0.00

14 Registered Address 14A ZIP Code 38 Representation 0.00


15F ORE Central, 9th Avenue corner 31st St. BGC Taguig 1634
39 Transportation 0.00
15 Type of Employer Main Employer Secondary Employer
40 Cost of Living Allowance (COLA) 0.00
Part III - Employer Information (Previous)
16 TIN 41 Fixed Housing Allowance 0.00

17 Employer's Name 42 Others (specify)


42A 0.00

18 Registered Address 18A ZIP Code 42B 0.00


SUPPLEMENTARY
Part IVA - Summary
43 Commission 0.00
19 Gross Compensation Income from Present
73,887.95
Employer (Sum of Items 36 and 50)
44 Profit Sharing 0.00
20 Less: Total Non-Taxable/Exempt Compensation
73,887.95
Income from Present Employer (From Item 36)
45 Fees Including Director's Fees 0.00
21 Taxable Compensation Income from Present
0.00
Employer (Item 19 Less Item 20) (From Item 50)
46 Taxable 13th Month Benefits 0.00
22 Add: Taxable Compensation Income from
0.00
Previous Employer, if applicable
47 Hazard Pay 0.00
23 Gross Taxable Compensation Income
0.00
(Sum of Items 21 and 22)
48 Overtime Pay 0.00
24 Tax Due 0.00
49 Others (specify)
25 Amount of Taxes Withheld
0.00 49A 0.00
25A Present Employer
25B Previous Employer, if applicable 0.00 49B 0.00

26 Total Amount of Taxes Withheld as adjusted 50 Total Taxable Compensation Income 0.00
0.00
(Sum of Items 25A and 25B)
(Sum of Items 37 to 49B)
I/We declare, under the penalties of perjury that this certificate has been made in good faith, verified by me/us, and to the best of my/our knowledge and belief, is true and correct, pursuant to
the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof. Further, I/we give my/our consent to the processing of my/our information
as contemplated under the *Data Privacy Act of 2012 (R.A. No. 10173) for legitimate and lawful purposes.

51 PHINTYS AESARA ALVAREZ Date Signed


Present Employer/Authorized Agent Signature over Printed Name
CONFORME:
52 IGBALIC , RONEIL ESPINOSA Date Signed
Employee Signature over Printed Name Amount paid, if CTC
CTC/Valid ID No. Place of
Date Signed
of Employee Issue
To be accomplished under substituted filing
I declare, under the penalties of perjury that the information herein stated are I declare, under the penalties of perjury that I am qualified under substituted filing of Income Tax Return
reported under BIR Form No. 1604-C which has been filed with the Bureau of (BIR Form No. 1700), since I received purely compensation income from only one employer in the Philippines
Internal Revenue. for the calendar year; that taxes have been correctly withheld by my employer (tax due equals tax withheld); that
the BIR Form No. 1604-C filed by my employer to the BIR shall constitute as my income tax return; and that BIR
Form No. 2316 shall serve the same purpose as if BIR Form No. 1700 has been filed pursuant to the provisions
53 of Revenue Regulations (RR) No. 3-2002, as amended.
Present Employer/Authorized Agent Signature over Printed Name
(Head of Accounting/Human Resource or Authorized Representative) 54
Employee Signature over Printed Name
*NOTE: The BIR Data Privacy is in the BIR website (www.bir.gov.ph) 175303
. . .

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