Withholding on rent and suppliers

3 quick questions. Pick an answer to see why.

1. Kuting Kitchen withholds ₱1,500 from September's rent. How is September's tax paid to BIR?

On a 0619-E by 10 October With the quarterly 1601-EQ On the landlord's 2307

The 0619-E covers only the first two months of a quarter. The third month's tax is paid with the 1601-EQ, due the last day of the month after the quarter.

2. Rent withheld for the quarter is ₱4,500, and ₱3,000 was paid on two 0619-Es. What does the 1601-EQ still pay?

₱4,500 ₱3,000 ₱1,500

The 1601-EQ reports the whole quarter's ₱4,500 and subtracts what the 0619-Es already paid: ₱4,500 − ₱3,000 = ₱1,500.

3. By when must Kuting Kitchen give its landlord the 2307 for July to September?

20 October 31 December 1 March next year

Withholding agents issue the 2307 by the 20th day after the quarter ends. 1 March is the yearly 1604-E (Lesson 5.4).

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