Tax annualization and BIR Form 2316

1Pick the tax year

Tax Annualization is for Admin and Executive roles. It reconciles each employee’s year-to-date taxable income before forms go out.

1. Open Payroll › Tax Annualization.
2. Select the Tax Year.
3. Watch the KPI strip: Total Staff, Annualized, Pending and Aggregated Refunds.

2Compute each employee

Processing happens row by row so you can review as you go.

1. Find the employee — the table shows Employee ID, Full Name, TIN, YTD Netable, Tax Reconciliation and Status.
2. Click Compute to reconcile that row.
3. Once computed, click Generate 2316, then Download to hand the form over.

Bee’s tipOnly compute after the final payroll of the year has run — otherwise the YTD figures are incomplete.

3Clear the pending list

Anything still Pending hasn’t been computed yet. Work down the list until Pending hits zero before you close the tax year.