BIR Form 2322

What Is BIR Form No 2322 Certificate of Donation?

The BIR Form No 2322 Certificate of Donation, as its name suggests, functions as a formal document that records donations or gifts made by a donor to a donee. It facilitates a transparent and traceable transfer of resources between two parties. This form serves not only as proof of gift transactions, but also helps in calculating tax obligations. Donors are required to fill out this form when they offer donations exceeding PHP 50,000 within a calendar year.

Significance of BIR 2322 form

The BIR form 2322 download easily; you can fill it out electronically, print it later, or submit it online. It contains fields for the donor's and donee's details, including their names, addresses, TIN, donation description, and date of donation, among others. The form also requires an assessment of the fair market value of the property or asset donated. The comprehensive design of the form ensures that all necessary information is captured in a systematic and organized manner.

How to Fill Out BIR form 2322

Here's a detailed guide on how to fill out the downloadable BIR form 2322 certificate of donation on the PDFliner website, based on the specific sections of the form:

CERTIFICATE OF DONATION Section (Donee to complete)

1. Enter the Name of Institution in the designated field.
2. Input the Tax Identification Number (TIN) of the institution.
3. Provide the complete Address of the Institution.
4. Specify the Date of Donation when the donation was made.
5. Indicate the type of donation by selecting either Cash, Personal Property, or Real Property.
6. If Cash or Check is donated:
   • Enter the amount in pesos.
   • Specify the Bank Name and Check Number if applicable.
7. For Personal Property(ies) donated:
   • List each item along with its Condition (New/Used) and Quantity.
8. For Real Property(ies) donated, such as Land:
   • Describe the location, area, and include relevant numbers like the TCT No. and Tax Declaration No.
9. If there are Improvements on the land:
   • Detail each improvement with its Description, Location, and Tax Declaration No.
10. Sign the form and print the Name and Position/Title of the authorized representative of the donee institution.
11. Include the day and month when the form is filled out.

VALUATION OF DONATION Section (Donor to complete)

1. List each Personal Property with its Description, Condition, Acquisition Cost, Depreciation, and Net Book Value.
2. Calculate and enter the Total Value of Personal Property(ies).
3. For Real Property, like land and improvements:
   • Provide Location, TCT No., Acquisition Cost, Depreciation, and Net Book Value for both land and any improvements.
4. Calculate and enter the Total Value of Improvements and the Total Aggregate Value of Donation.
5. Sign the form and print the Name and Position/Title of the donor, along with the TIN.

Remember to ensure that all information is accurate and reflects the actual values and details of the donation.