BIR form 2307, or simply referred to as Certificate of Creditable Tax Withheld At Source are certificates which shows income subjected to the expanded withholding tax which is paid by the withholding agent.
In JuanTax, these kinds of certificates can be done for VAT and can be seen in Schedule 6 and Percentage tax (as seen in Schedule 1).
2306 forms (Certificate of Final Income Tax Withheld) on the other hand, is issued by the withholding agent (employer) which also reflects income subjected to final tax. It’s located in Schedule 8 of the form.
Another thing is that when it comes to final withholding tax, 2306 are processed annually, while 2307 are being done quarterly.
You need to go to your dashboard and look for Creditable Certificate. There are two tabs present: 2307 and 2306 certificates.
Creating Creditable Certificates
Click the Add Transaction icon (plus icon) to start adding transactions.
You would still need to enter all of the vendor’s basic information by clicking the Add as New Contact option button. It will prompt you to a modal where you should manually enter the vendor’s data.
Enter information such as Contact Type, TIN, First Name, Middle Name, Last Name as well as Address, City and Zip. After that, click Save button.
Enter other details such as Vendor, Period Covered, Income Payment and ATC, then hit Save button. There is also an +Add line button where you can add another line of transaction.