Navigating tax forms can be overwhelming, but this guide simplifies the key points for completing BIR Form No. 0619-F. This form is essential for withholding agents (WAs) responsible for remitting final income taxes withheld. Here's what you need to know:
Who Should File?
- Withholding Agents (WAs): Anyone responsible for deducting and remitting final withholding taxes.
- Corporations: The form must be signed by an authorized officer like the president or vice-president.
- Government Agencies: Signed by the officer controlling disbursements or an appropriately designated official.
- Fiduciaries: Filed in the name of the individual, estate, or trust, signed by the fiduciary.
- Authorized Representatives: Accredited tax agents filing on behalf of taxpayers.
When and Where to File?
Deadline:
- File and remit taxes on or before the 10th day of the following month for the first two months of each quarter.
- Large taxpayers using the eFPS (Electronic Filing and Payment System) must follow specific deadlines under applicable revenue issuances.
Filing Locations:
- File with an Authorized Agent Bank (AAB) under the Revenue District Office (RDO) where the WA's business is registered.
- Where no AAB exists, file with the Revenue Collection Officer (RCO), who will issue an electronic receipt.
Documentation for AAB Filing:
- Complete a BIR-prescribed deposit slip.
- Ensure the AAB machine validates your form with details like the date, amount remitted, bank name, and branch code.
Consolidated Filing:
- Large taxpayers file one consolidated form for all branches and the head office.
- Non-large taxpayers can file separate forms for branches or a consolidated one.
Penalties for Non-Compliance
Failing to comply with filing and payment guidelines can lead to penalties, including:
Surcharges:
- 25% surcharge for late filing, incorrect filing, or incomplete payment.
- 50% surcharge for fraudulent filings or willful neglect.
Interest:
- Charged at double the legal interest rate on unpaid amounts until fully settled.
Compromise Penalty:
- Imposed based on specific rules and regulations.
Criminal Penalties:
- Failure to withhold or remit taxes can result in fines ranging from ₱5,000 to ₱50,000 and/or imprisonment from 6 months to 10 years.
Additional Notes
- Transaction Period: Enter the period the withholding occurred, not the filing date.
- Tax Type Codes: Use WB for WMF10 and WF for WMF20.
- Branch Code: The last 5 digits of the 14-digit TIN indicate the branch.
For forms filed by tax agents:
- Include the agent's Taxpayer Identification Number (TIN), accreditation details, and other professional identifiers, as applicable.
Filing BIR Form No. 0619-F doesn’t need to be stressful. Follow this guide to ensure compliance and avoid penalties. For specific concerns, consult a certified tax professional or refer to the BIR’s official guidelines.