Have you explored the Alphalist Data Entry and Validation Module Version 5.1 (New) with regards to the Income Payments Exempt From Withholding Tax But Subject To Income Tax Reported Under BIR Form No. 2304 - Certificate of Income Payment Not Subject to Withholding Tax (Excluding Compensation Income)?
BIR Form No. 2304 is a Certificate to be accomplished and issued by a Payor to recipients of income not subject to withholding tax. This Certificate should be attached to the Annual Income Tax Return - BIR Form 1701 for individuals, or BIR Form 1702 for non-individuals.
Filing Date
Payor must furnish the payee on or before January 31 of the year following the year in which the income payment was made.
Below is the list of Income Payments Exempt From Withholding Tax But Not Subject To Income Tax Reported Under BIR Form No. 2304:
Alphanumeric Tax Code (ATC) / Income Payment
1. DI900 - DEFAULT INCOME
2. EI900 - EXCESS INCOME TAX
3. FP010 - FINES & PENALTIES - ON TAX ON INCOME
4. IC010 - INCOME TAX - ORDINARY DOMESTIC CORP.
5. IC011 - NON-STOCK NON-PROFIT ORGANIZATION
6. IC020 - PARTNERSHIP IN TRADE INCOME TAX
7. IC021 - PROFESSIONAL FEES PAID TO GENERAL PROFESSIONAL PARTNERSHIPS (EXCEPT TO PARTNERSHIP OF MEDICINE)
8. IC030 - PRIVATE EDUCATIONAL INSTITUTION, STOCK OR NONSTOCK
9. IC031 - NON STOCK, NON PROFIT HOSPITALS
10. IC040 - GOVERNMENT OWNED OR CONTROLLED CORPORATION
11. IC041 - NATIONAL & LOCAL GOVERNMENT UNIT (FOR PROPRIETARY ACTIVITIES) EXCEPT PUBS
12. IC050 - INCOME TAX - MUTUAL LIFE INSURANCE COMPANIES
13. IC055 - MINIMUM CORPORATE INCOME TAX
14. IC060 - INCOME TAX - FCDU
15. IC070 - ORDINARY RESIDENT FOREIGN CORP
16. IC080 - RFC - INTERNATIONAL CARRIERS
17. IC090 - FOREIGN MUTUAL LIFE INSURANCE CO.
18. IC100 - FOREIGN OBU/FCDU
19. IC101 - REGIONAL OPERATING HEADQUARTERS OF MULTINATIONALCOMP
20. IC120 - PRIZES REGARDLESS OF AMOUNT
21. IC130 - RENT - PERSONAL PROPERTY REGARDLESS OF AMOUNT (CORPORATE)
22. IC140 - PREMIUM AND ANNUITY - (CORPORATE PAYEES)
23. IC150 - OTHES (SPECIFY) - (CORPORATE PAYEES)
24. IC160 - TRANSPO CONTR (CORPORATE) CARRIAGE OF GOODS AND MECHANDISE BELOW P2000
25. IC170 - INTEREST - (CORPORATE PAYEES)
26. IC190 - OFFSHORE BANKING UNITS (OBUS)
27. IC191 - FOREIGN CURRENCY DEPOSIT UNITS (FCDUS)
28. IC370 - ON IMPROPERLY ACCUMULATED EARNINGS TAX
29. II010 - INCOME FROM COMP. ANDBUS/PROF.
30. II011 - PURE COMPENSATION INCOME - CITIZENS
31. II012 - RESIDENT ALIEN - PURE BUSINESS
32. II013 - ESTATES AND TRUST-MIXED INCOME
33. II020 - NRC INCOME
34. II050 - RENT FOR REAL PROPERTY BELOW P500 MONTH (USED IN BUSINESS)
35. II051 - RENT - PERSONAL PROPERTY REGARDLESS OF AMOUNT (INDIVIDUAL)
36. II060 - PREMIUM AND ANNUITY - (INDIVIDUAL PAYEES)
37. II070 - PENSIONS
38. II080 - OTHERS (SPECIFY) - (INDIVIDUAL PAYEES)
39. II090 - TRANSPO CONTR (INDIVIDUAL) CARRIAGE OF GOODS AND MERCHANDISE BELOW 2,000
40. II110 - INEREST - (INDIVIDUAL PAYEES)
41. II120 - PRIZES AMOUNTING TO: 10,000 OR LESS
42. II130 - PARTNERS DISTRIBUTION SHARE OF NET INCOME OF GENERAL PARTNERSHIP
43. II420 - CGT ON SALE OF REAL PROPERTY (CAPITAL ASSETS) FOR INDIVIDUAL
44. MC010 - TAX AMNESTY ON INCOME (INDIVIDUAL)
45. MC011 - INDIVIDUAL TAXPAYERS
46. MC020 - TAX AMNESTY ON INCOME (CORPORATE)
47. MC021 - CORPORATE TAXPAYERS
48. MC030 - COMPENSATION PAYMENTS ON DELINQUENT ACCOUNTS & DISP. ASSESSMENTS
49. MC040 INCOME FROM FORFEITED PROPERTIES
SOURCE: BIR ALPHALIST 5.1 and http://www.bir.gov.ph/index.php/bir-forms/certificates.html#c2304
