BIR Form 2316 is accomplished by the employer for each employee receiving salaries, wages, and other forms of remuneration, indicating the total amount paid and the taxes withheld for the calendar year.
It must be issued to the employee on or before January 31 of the succeeding year; or on the day of the last payment of wages in case of termination from employment.
Let's dive into how 2316 report is mapped in KAMI!
2316 Form Mapping
Part II - Employer Information (Present) | |
12 TIN | Company & Subsidiary Details |
13 Employer's Name | |
14 Registered Address | |
14A ZIP Code | |
15 Type of Employer | "Main Employer" |
Part III - Employer Information (Previous) | |
16 TIN | My Team - Payroll Details |
17 Employer's Name | |
18 Registered Address | |
18A ZIP Code |
Part IVA - Summary | |
19 Gross Compensation Income from Present from Present Employer | Sum of Items 38 and 52 |
20 Less: Total Non-Taxable/Exempt Compensation Income from Present Employer | From 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 | Previous Total Taxable |
23 Gross Taxable Compensation Income | Sum of Items 21 and 22 |
24 Tax Due | Annualized Income Tax |
25 Amount of Taxes Withheld | |
25A Present Employer | Total Income Tax Withheld (Present Employer) |
25B Previous Employer, if applicable | Total Income Tax Withheld (Previous Employer) |
26 Total Amount of Taxes Withheld as adjusted | Sum of Items 25A and 25B |
27 5% Tax Credit (PERA Act of 2008) | PERA-Tax Credit Certificate (TCC) submitted by contributor-employee |
28 Total Taxes Withheld | Sum of Items 26 and 27 |
Go to Fiscal Year Summary Report to see the breakdown of how the below are computed.
Part IV-B Details of Compensation Income & Tax Withheld from Present Employer | |
A. Non-Taxable/Exempt Compensation | |
29 Basic Salary (including the exempt P250,000 & below) or the Statutory Minimum Wage of the MWE | Basic Wage + OP Wage Adjustments + OP Fixed Allowances - EE Contribution Share of MWEs. |
30 Holiday Pay (MWE) | Sum of all Activities that are flagged as such Holiday Pay, Overtime Pay, Night Shift, etc. of MWEs |
31 Overtime Pay (MWE) | |
32 Night Shift Differential (MWE) | |
33 Hazard Pay (MWE) | |
34 13th Month Pay and Other Benefits (maximum of P90,000) | Total OP Bonus that's not exceeding the max P90,000 threshold |
35 De Minimis Benefits | Total OP De Minimis |
36 SSS, GSIS, PHIC & PAG-IBIG Contributions and Union Dues (Employee share only) | Total Employee Contributions + Total OP Union Dues |
37 Salaries and Other Form of Compensation | Total OPs with Tax Status "None" less OP Total De Minimis |
38 Total Non-Taxable/Exempt Compensation Income | Sum of Items 29 to 37 |
B. Taxable Compensation Income Regular | |
39 Basic Salary | Basic Wage - Total Tardy + OP Wage Adjustment + OP Attendance Policies - Total EE Share of Non MWEs |
40 Representation | If applicable |
41 Transportation | If applicable |
42 Cost of Living Allowance (COLA) | If applicable |
43 Fixed Housing Allowance | If applicable |
44 Others (Specify) | 42A/B : Total OP Regular (except OP Commission, Wage Adjustment, Attendance Policy) + Holiday Pay + Night Shift Differential Wage Type |
44A (blank box, to be filled up) | |
44B (blank box, to be filled up) | |
SUPPLEMENTARY | |
45 Commission | Total OP Commission |
46 Profit Sharing | If applicable |
47 Fees Including Director's Fees | If applicable |
48 Taxable 13th Month Benefits | Total OP Bonus that's exceeded the max P90,000 threshold |
49 Hazard Pay | Sum of all Activities that are flagged as such Hazard Pay and Overtime Pay of Non MWEs |
50 Overtime Pay | |
51 Others (specify) | Can be manually inputted |
51A (blank box, to be filled up) | |
51B (blank box, to be filled up) | |
52 Total Taxable Compensation Income | Sum of Items 39 to 51B |
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