Reminder: Sworn Declaration Submission for 2020
December 16, 2019
Dear Distributors, Happy holidays!
Enagic Philippines, Inc.
16F RCBC Tower 26th and 25th Streets Bonifacio Global City, Taguig City, Philippines Tel: (632)519-5508 Fax: (632)808-3885
Before we end this year 2019, may we gently remind you of two (2) important documents that you need to submit to
Enagic Philippines Inc. which impact withholding tax rate that will be used from your commission in 2020:
1) Income Payee’s Sworn Declaration of Gross Receipts/Sales for taxable year 2020
2) Copy of your Certificate of Registration with the BIR.
Income Payee’s Sworn Declaration of Gross Receipts/Sales has three forms (annexes) according to type of taxpayer registered with the BIR:
a) Form Annex B-1 is accomplished If registered as individual taxpayer, and gross receipts in a taxable year 2020 shall not exceed P3M
b) Form Annex B-2 is accomplished if registered as individual with only one payor (Enagic)
c) Form Annex B-3 is accomplished if registered as non individual payees (company, corporation ) whose gross income is estimated not to exceed P720K during the taxable year 2020, the authorized officer of the company or corporation is required to provide all of its income payors / withholding tax agents with a notarized sworn statement Form annex B-3.
Above two documents should be received by Enagic BGC office not later than 15 January 2020 to avoid application of higher withholding tax rate from your commission.
By: Enagic Philippines Inc.