1604-CF or also known as Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes is an annual tax return that is filed by a withholding agent or other entities which are required to withhold taxes on income payments that are subject to compensation and final withholding taxes.
To start filing 1604-CF in JuanTax, you need to perform the following steps:
I. Generating a Report
II. Summary of Remittances
III. Sources
a. Schedule 1
b. Schedule 2
c. Schedule 3
d. Schedule 4
e. Schedule 5
f. Schedule 6
g. Schedules 7.1 to 7.5
g.1 Adding Employees Manually
g.2 Import Your List of Employees
I. Generating a Report
First, you need to go to your Dashboard, choose Tax Forms, and go to Compensation.
Proceed to the 1604-CF tab, and click the plus (+) icon.
Then select your year of return before hitting the Generate button.
II. Summary of Remittances
After generating a report, you need to proceed to the Summary tab and fill out the information needed within the PDF Report Information.
After filling each field with the appropriate information, click the Update Information button.
III. Sources
Next up, you need to fill out the following schedules in your 1604-CF return. There are 11 Schedules that you need to populate ,starting with Schedule 1 up to 7.5.
a. Schedule I
The first schedule that you need to fill out is Schedule I or Remittance per BIR Form No. 1601-C. This schedule shows all the remittances that a taxpayer have made throughout the year based on the 1601-C (Monthly Remittance Return of Income Taxes Withheld on Compensation) form.
Populate fields such as Date of Remittance, Bank, Withheld, Adjustment, Penalties and Amount Remitted. Finish your update by hitting Save.
b. Schedule 2
Next schedule that you need to populate is Schedule 2, or Remittance per BIR Form No. 1601-F. Much like the first schedule, you’ll also have to enter your remittances within this year, but this time it’s for BIR form 1601-F or Monthly Remittance Return of Final Income Txes Withheld.
Populate fields such as Date of Remittance, Bank, Withheld, Penalties and Amount Remitted. Finish your update by hitting Save.
c. Schedule 3
Much like the first two schedules, you’ll also need to enter your remittances for Schedule 3, or Remittance per BIR Form No. 1602.
Populate fields such as Date of Remittance, Bank, Withheld, Penalties and Amount Remitted. Finish your update by hitting Save.
d. Schedule 4
Schedule 4, or Remittances per BIR Form No. 1603 is the next one that you’ll need to fill out. Remittances in this form are based on your Quarterly Remittance Return of Final Income Taxes Withheld BIR form.
You have to populate fields such as Date of Remittance, Bank, Withheld, Penalties and Amount Remitted. Finish your update by hitting Save.
e. Schedule 5
Next schedule that you need to fill is the Schedule 5, or the Alphalist of Payees Subject to Final Withholding Tax (Reported Under BIR Form No. 2306). Start adding transactions by clicking the Create Transaction(s) button.
Aside from adding lists, you can also delete, edit all, search and refine search per page.
You need to search/add for your vendor, then select your ATC as well as Status Code. After that, enter the income payment. Once all of these fields were populated, the Amount Withheld field will automatically be populated.
f. Schedule 6
The Schedule 6, or your Alphalist of Employees other than Rank and File Who Were Given Fringe Benefits During the Year (Reported Under BIR Form No. 2306) also needs to be populated with the correct information. Click the Add Employee(s) button to continue.
Aside from adding lists, you can also delete, edit all, search and refine search per page.
You first need to add your employee(s), then choose your ATC code. You also need to populate fields such as Fringe Benefit, Monetary Value and Amount Withheld before clicking Save button.
g. Schedule 7.1 to 7.5
Schedules 7.1 to 7.5 would ask you to include a list of employees to be added in your 1604-CF return. You have two options namely: (1) Adding Employees Manually or (2) Import Your List of Employees.
g.1 Adding Employees Manually
Start adding employees by clicking the Add Employee(s) button. After that, you’ll be prompted to a form where you need to populate fields with the correct employee information. Click Save button to update your form.
Aside from adding and importing employees, you can also delete, search and refine search per page.
g.2 Import Your List of Employees
If you already have a list of employees, you can easily include them all in your return just by simply importing them in JuanTax.
Note: File format for import should be in CSV Excel Spreadsheet.
After clicking the Import Employee(s) button, start uploading your CSV template file by hitting the Browse button. Click Open button to open your file.
Map the corresponding fields that you need. Make sure that you had map all corresponding items available in your CSV file.
After reviewing your data, finish the import by clicking DONE.
