Withholding Tax Certificate (BIR Form 2307)

In Philippines, tax must be withheld from payments to suppliers, for services provided and a withholding certificate to be issued to the supplier for a Tax Identification Number (for a finance company).

During the payment of an invoice or standing order, WHT must be deducted, and a certificate is generated every quarter for a tax registration number (for a finance company) and sent to the supplier (invoice-from business partner).

This BIR Form 2307 - Certificate is for Domestic Suppliers and for Individual/Corporate.

This certificate includes the amounts, which are grouped by the type of services that is, advertising, royalties, commission and so on displayed in the respective rows.