Withholding Tax Localization for Business Central

Philippine Withholding Tax Localization Module

For Microsoft Dynamics 365 Business Central

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Tax compliance is a must! Preparing, filing and complying to government tax can be daunting at times. Especially with the different types of taxes you need to pay, numerous forms to fill-up and submit plus various filing dates you need to take note of. Especially with Philippine Withholding Tax. In the Philippines, businesses belonging to the top corporation are required to withhold taxes. So, congratulations if you are listed in the Bureau of Internal Revenue as Top Withholding Agents. But sadly, that means more paper work and compliance for you.

Microsoft Dynamics 365 Business Central with Philippine Withholding Tax Localization makes it easier for businesses in the Philippines to comply with the Bureau of Internal Revenue regulation. 

Microsoft Dynamics 365 Business Central

Dynamics 365 Business Central is a business management solution that helps companies like you connect your financials, sales, service, and operations to streamline business processes and increase efficiency throughout your organization. With a connected enterprise, it is easier to manage, and access data needed for tax compliance.

Philippine Withholding Tax Localization

The Philippine Withholding Tax Localization app enables the calculation of the expanded withholding tax based on the different withholding tax rates as mandated by the Bureau of Internal Revenue in the Philippines.  It also includes the generation of BIR Form 2307 Certificate of Creditable Tax Withheld at Source and BIR Form 2306 Certificate of Final Income Tax Withheld and the generation of the Alphalist of Payees which is compliant with the regulatory requirements.

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Features and Benefits

    • Be tax compliant and avoid penalties
    • Reduce errors by automatic computation of withholding tax
    • Improve productivity by easily generating the following mandated certificates and reports:
      • BIR Form 2307 (Certificate of Creditable Tax Withheld at Source)
      • BIR Form 2306 (Certificate of Final Income Tax Withheld)
      • Alphalist of Payees
    • Shorten submission process by removing validation step in BIR online filing. Our app generates required .dat file in the formal already pre-approved by BIR.

Generate your Withholding Tax Reports in minutes

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Learn more

Download Fact Sheet on Philippine Withholding Tax Localization Module