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Sworn Declaration Form

This document is an income payee's sworn declaration of gross receipts/sales for self-employed individuals or professionals with a lone income payor. It details that the payee derives income only from one payor and their gross receipts will not exceed 250,000 pesos for 2022, making them a non-VAT taxpayer. It provides two options for taxation, either graduated income tax rates or a flat 8% income tax rate, and acknowledges the withholding tax rates that apply if income exceeds 250,000 pesos but is under 3,000,000 pesos. The payee executes this declaration under penalty of perjury.

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Anawin Famadico
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1K views

Sworn Declaration Form

This document is an income payee's sworn declaration of gross receipts/sales for self-employed individuals or professionals with a lone income payor. It details that the payee derives income only from one payor and their gross receipts will not exceed 250,000 pesos for 2022, making them a non-VAT taxpayer. It provides two options for taxation, either graduated income tax rates or a flat 8% income tax rate, and acknowledges the withholding tax rates that apply if income exceeds 250,000 pesos but is under 3,000,000 pesos. The payee executes this declaration under penalty of perjury.

Uploaded by

Anawin Famadico
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ANNEX “B-2”

INCOME PAYEE’S SWORN DECLARATION OF GROSS RECEIPTS/SALES


(For Self-Employed and/or Engaged in the Practice of Profession with Lone Income Payor)

I___of legal age, single/ married to N/A, permanently residing at ____________________, with Taxpayer Identification Number (TIN) 722-694-
093, after having been duly sworn in accordance with law hereby depose and state:

1. That I derived my _______ income only from ______


(business/professional) (Name of Lone Payor)
with Taxpayer Identification Number 000-864-098-000 and business address at _________

2. That for the current year 2022 , my gross receipts will not exceed Two Hundred Fifty Thousand Pesos (₱250,000.00) and
that I am registered as a non-VAT taxpayer; that whatever is the amount of income received, I will comply with the
requirement to file my Income Tax Return on the prescribed due date. For this purpose, I opt to avail of either one of the
following:

 Graduated Income Tax Rates under Section 24(A)(2)(a) of the Tax Code, as amended, based on the taxable
income. With this selection, I acknowledge that I am subject to 0% income tax, thus, not subject to creditable
withholding tax; subject to percentage tax, if applicable, and will file the required percentage tax returns or subject
to withholding percentage tax, in case of government money payments.

 Eight Percent (8%) income tax rate under Section 24(A)(2)(b) of the Tax Code, as amended, based on gross
receipts/sales and other non-operating income - with this selection, I understand that this is in lieu of the graduated
income tax rates and the Percentage Tax under Section 116 of the Tax Code, as amended; thus, no withholding tax
shall be made;

3. That based on my selection above, if my gross sales/receipts and other non-operating income exceeds ₱250,000.00 but not over
₱3,000,000.00, my afore-stated lone income payor shall automatically withhold the prescribed rate of withholding tax:

a. In case of Graduated Income Tax Rates, I acknowledge that aside from income tax, I am subject to
business tax (Percentage Tax, if applicable) and creditable withholding of income in excess of
P250,000.00, and business tax withholding, if any, are applicable on the entire income payment; OR

b. In case of Eight Percent (8%) income tax rate, I acknowledge that I am only subject to income tax and
thus, to the creditable withholding income tax in excess of P250,000.00;

4. That I duly execute this SWORN DECLARATION in compliance with the requirement prescribed under Section of
Revenue Regulations No. ;

5. That I declare, under the penalties of perjury, that this declaration has been made in good faith, and to the best of my
knowledge and belief to be true and correct.

IN WITNESS WHEREOF, I have hereunto set my hand this 15th day of January , 20 22 at Valenzuela City , Philippines

Signature over Printed Name of Individual Taxpayer

SUBSCRIBED AND SWORN to before me this day of , 20 in .


Applicant exhibited to me his/her issued at on .
(Government Issued ID and No.)

NOTARY PUBLIC
Doc. No.:
Page No.:
Book No.:
Series of

Affix ₱30.00
Documentary Stamp
Tax

(To be filled-out by the withholding agent/lone payor)

Date Received:
Received by:
(MM-DD-YYYY-00001)

Signature over Printed Name of the Withholding Agent/Payor or Authorized Officer

Designation/Position of Authorized Officer

Name of Withholding Agent/Lone Payor

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