Companies must file Summary Alphalist of Witholding Tax (SAWT) quarterly and annually. In order for First Circle to accept this document in lieu of the Trade References Form, your SAWT should be received and stamped by BIR. Please see sample image below:
If you haven't filed your SAWT to BIR, you have three options for the submission:
- Microsoft Excel Format;
- Taxpayer's own extract program;
- Data entry module developed by BIR that will be available upon request or downloadable from BIR's website.
The most common way is filing this through an excel format. Step-by-step creation via Excel can be found here.