Find out how to submit your taxes with AYP’s assistance.
Philippines Fiscal Year: January to December
- AYP will provide BIR 2316 Form for employees on February 28th.
| 2 Scenarios | For employees who are employed with AYP for the full 2022 fiscal year | For employees who are NOT employed with AYP for the full 2022 fiscal year |
| Deadline | February 28th, 2023 | April 15th, 2023 |
| Submission details | For employees who are with AYP the whole fiscal year 2022, AYP will submit hardcopy on worker’s behalf. | AYP as current employer will be able to proceed with submission on employee’s behalf if the previous employer submitted the BIR 2316. However, should the previous employer did not provide the employee with the BIR 2316 before they leave the company, the employee is required to visit the government office and consolidate their income by submitting the required forms. |
| Documents required | BIR 2316 | |
| Refund Timeline | For taxpayers who have overpaid their taxes for 2022, the tax refund will be provided by AYP in December payroll. Should the employee resigns before December 2023, the refund will be made alongside their final payment. | |
| Taxable Income | Tax Rate |
|---|---|
| < PHP 250,000 | 0% |
| PHP 250,000 – PHP 400,000 | 15% of the excess over PHP 250,000 |
| PHP 400,000 – PHP 800,000 | PHP 22,500 + 20% of the excess over PHP 400,000 |
| PHP 800,000 – PHP 2,000,000 | PHP 102,500 + 25% of the excess over PHP 800,000 |
| PHP 2,000,000 – PHP 8,000,000 | PHP 402,500 + 30% of the excess over PHP 2,000,000 |
| Above PHP 8,000,000 | PHP 2,202,500 + 30% of the excess over PHP 8,000,000 |