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1602 Monthly Remittance Return of Final Income Taxes Withheld (On Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc.)

This BIR return is filed by all banks, non-bank financial intermediaries, finance corporations, investment and trust companies and similar institutions for final income tax withheld on interest paid/accrued on deposit and yield or any other monetary benefit from deposit substitutes and from trust fund and similar arrangements.

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DLN:

PSIC:
BIR Form No.

Monthly Remittance
Kawanihan ng Rentas Internas
Return of Final Income
Taxes Withheld
On Interest Paid on Deposits and Yield on Deposit Substitutes/Trusts/Etc.

1602

Republika ng Pilipinas
Kagawaran ng Pananalapi

Fill in all applicable spaces. Mark all appropriate boxes with an “X”.
1 For the month of
2 Amended Return?
(MM / YYYY)
Yes
No
Part I
Background Information
5 TIN
6
RDO Code
8

3

August 2001 (ENCS)

No. of Sheets
Attached?

4 Any Taxes Withheld?
Yes
No

7 Line of Business

Withholding Agent's Name

9 Telephone No.

10 Registered Address

11 Zip Code

12 Category of Withholding Agent
Private
Government

13 Are there payees availing of tax relief under Special Law or
International Tax Treaty?
Yes
No If yes, specify

Part II
Computation of Tax
A. Details of Interest Payments and Tax Withheld Based on Regular Rates

Particulars
Savings Deposit
14 Individual
15 Corporation

ATC

Total Interest/Yield Paid/Accrued

Tax Rate

BSP Exchange Rate

Tax Required to be Withheld

on the date of remittance

W I

1 6 1

W C 1 6 1

14A
15A

14B
15B

16A
17A

16B
17B

20%

14C
15C

20%

Time Deposit
16 Individual
17 Corporation

W I

1 6 1

W C 1 6 1
Deposit Substitute/Others
18 Individual
W I
1 6 3 18A
19 Corporation
19A
W C 1 6 3
Government Securities
20 Individual
W I
1 6 2 20A
21A
21 Corporation
W C 1 6 2
Preterminated Long-term Deposits/Investments
22 Individual
W I
4 4 0 22A
W I

4 4 1

W I

20%

16C
17C

20%

18B
19B

20%

20B

20%

20C

21B

20%

21C

22B

20%

22C

22E

12%

22F

18C
19C

20%

4 4 2

22D

22G
22H
5%
22B
23B 20%
W C 4 4 0 23A
Foreign Currency Deposit
24 Individual
24B 7.5%
24C
W I
1 7 0 24A $
25 Corporation
25A
25B
25C
W C 1 7 0
7.5%
$
26 Total Tax Required to be Withheld Based on Regular Rates (Sum of Items 14C to 22C,F,I, 23C,24D,25D)

22I
22C
23C

23 Corporation

24D
25D
26

B. Details of Interest Payments and Tax Withheld Based on Tax Treaty Rates

Treaty Code
27A
27

ATC

Tax Rate

Tax Required to be Withheld

27C

27D

28B

28A

28

Total Interest
27B

28C

28D

29 Total Tax Required to be Withheld Based on Tax Treaty Rates (Sum of Items 27D to 28D)

29

C. Details of Interest Payments to Taxpayers enjoying Preferential Tax Rates (i.e. PEZA Registered Enterprises)

ATC

Total Interest

Tax Rate

Tax Required to be Withheld

30

30A

30B

30C

30D

31

31A

31B

31C

31D

32 Total Tax Required to be Withheld Based on Preferential Rates (Sum of Items 30D to 31D)

32

33 Total (Sum of Items 26, 29 & 32)

33

34

34

Less: Tax Remitted in Return Previously Filed, if this is an Amended Return

35

35 Tax Still Due/(Overremittance)
36
Add: Penalties
Surcharge
36A

Interest

Compromise

36B

36D

36C

37
37 Total Amount Still Due / (Overremittance)(Sum of Items 35 & 36D)
I declare, under the penalties of perjury that this return has been made in good faith, verified by me, and to the best of my knowledge and belief,
is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.
38
39
Signature over Printed Name of Taxpayer/
Title/Position of Signatory
Taxpayer Authorized Representative
TIN of Tax Agent (if applicable)
Part III

Particulars
40 Cash/Bank
Debit Memo
41 Check 41A
42 Others 42A

Tax Agent Acrreditation No. (if applicable)

D e t a i l s of P a y m e n t

Drawee Bank/
Agency

Number

MM

Date
DD

YYYY

Amount
40

41B

41C

41D

42B

42C

42D

Machine Validation/Revenue Official Receipt Details (If not filed with the bank)

Stamp of Receiving
Office and
Date of Receipt

BIR FORM 1602 (ENCS) - PAGE 2
Summary of Interest/Yield Paid and Accrued for the Month
BANKS
Regular
Foreign Currency
Total
Banking Unit
Deposit Unit

Schedule 1
PARTICULARS

On Deposit Liabilities
Taxable
Exempt
2 On Bills Payables/Borrowed Funds
Taxable
Exempt
3 Long Term Deposit on Investment
Four (4) years to less than five (5) years
Three (3) years to less than four (4) years
Less than three (3) years
Exempt
4 Others
Taxable
Exempt
Total Interest Expense per Books/FS
Schedule 2

Institutions
Other than Banks

1

TREATY CODE

AU
AT
BE
BR
CA
CN
DK

COUNTRY

Australia
Austria
Belgium
Brazil
Canada
China
Denmark

TREATY CODE

FI
FR
DE
HU
IN
ID
IT

SCHEDULE OF TAX TREATY CODE
COUNTRY

Finland
France
Germany
Hungary
India
Indonesia
Italy

TREATY CODE

JP
KR
MY
NL
NZ
PK
RO

COUNTRY

Japan
Korea
Malaysia
Netherlands
New Zealand
Pakistan
Romania

TREATY CODE

COUNTRY

RU
SG
ES
SE
CH
TH
GB

Russia
Singapore
Spain
Sweden
Switzerland
Thailand
United Kingdom

US

USA

BIR Form 1602 - Monthly Remittance Return of Final Income Taxes Withheld
(On Interest Paid On Deposits and Yield On Deposit Substitutes/Trusts/Etc.)
Guidelines and Instructions
 
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