Complete Guide: Year-end Annualization and Report Finalization (Philippines)

Modified on Fri, 24 Jan at 3:27 PM

As the year comes to a close, it’s that time again—tax filing season! Discover how KAMI makes it effortless to generate, verify, and finalize your reports in just a few simple steps.





Step 1 | Company Details

Complete Company Details or Subsidiary Details - ensure you have the right Government Details and Authorized Signatory



Step 2 | Tax Reconciliation

Do the Tax Reconciliation - reconcile the taxes at end of year by enabling the "Final Yearly Payslip" upon creation of payroll batch



Step 3 | Generate Reports

Go to View Reports - in Payroll Dashboard > View Reports > Create Reports, under the Tax Reports, select BIR 1604C (Yearly). You will be directed to a new page, complete the following

  • Year - applicable fiscal year
  • Employees - filter if All, Minimum Wage Earner or Non-Minimum Wage Earner


Step 4: Preview Report - to preview the generated BIR 1604C report, click the Create Reports again, a pop-up tab will show with options

  • Employee List (Schedule 1) - the BIR 1604C report for Non-Minimum Wage Earners
  • Employee List (Schedule 2) - the BIR 1604C report for Minimum Wage Earners
  • Combine File (DAT File) - the consolidated BIR DAT File report with MWE and Non-MWE data
  • Employee Filing (BIR 2316) - bulk creation of BIR 2316 Report for each employees


It is recommended to tick the "Send In Email" if there is a lot of data to preview.


Previewing the BIR 2316 Report will appear in the View Reports page. Find the file by filter "Tax" type, to download the files, open the generated report, beside the "Upload" button, you should see a .zip file doc format, click this to download.






FINAL REPORT

It should only be created once you have previewed all the files and are completely satisfied with the results.





GENERATED FINAL REPORT


Now that you have Previewed and made Final Reports, you can now generate the finalized reports for submission to government.


Steps


Step 1: Go to View Reports - make use of the Filter to only see Tax type reports.




Step 2: Open the report - click then find the download button to get the report.



Click it one by one to get the final reports. For BIR 2316 forms, you'll get a .zip file containing bulk docs for all employees.



Step 3: Finalize Report - complete the details here once all have been submitted and are already okay.








BIR 2316 Forms


The system will automatically create a Profile Document for the 2316 finalized for them and it will be subject to Document Execution.





Visit My Team > Bulk Documents to download all signed 2316 from Employees


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