New ITRs 2014 (1)
Transcript of New ITRs 2014 (1)
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
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BIR Form No. 1702-RT (page 6 of 6)
Annual Income Tax Return
For Individuals Earning Purely Compensation Income
(Including Non-Business/Non-Profession Income)
These instructions are designed to assist tax filers, or
their representatives, with the preparation of the annual
income tax return (ITR). If there are questions which are not
adequately covered, please consult the local BIR office. If
there appears to be any discrepancies between these
instructions and the applicable laws and regulations, the
laws and regulations take precedence.
Who Shall File
This return shall be filed by every resident citizen
deriving compensation income from all sources, or
resident alien and non-resident citizen with respect to
compensation income from within the Philippines, except
the following:
1. An individual whose gross compensation income
does not exceed his total personal and additional
exemptions.
2. An individual with respect to pure compensation
income, as defined in Section 32(A)(1) derived from
sources within the Philippines, the income tax on
which has been correctly withheld (tax due equals tax
withheld) under the provisions of Section 79 of the
Code: Provided, that an individual deriving
compensation concurrently from two or more
employers at any time during the taxable year shall file
an income tax return.
3. An individual whose income has been subjected to
final withholding tax (alien employee as well as
Filipino employee occupying the same position as that
of the alien employee of regional or area headquarters
and regional operating headquarters of multinational
companies, petroleum service contractors and sub-
contractors, and offshore banking units; non-resident
alien not engaged in trade or business).
4. A minimum wage earner or an individual who is
exempt from income tax.
Married individuals shall file a single return for the
taxable year to include the income of both spouses,
separately computing their individual income tax based
on their respective taxable income, which return shall be
signed by the tax filer or the spouse, or their authorized
representative. Where it is impracticable for the spouses
to file one return, each spouse may file a separate return.
Individuals not required to file an ITR or those
qualified for substituted filing may voluntarily file this
return for purposes of loans, foreign travel requirements,
and for other purposes they may deem proper. Employers
are required to submit Certificate of Compensation
Payment/Tax Withheld (BIR Form No. 2316) to the
Revenue District Office (RDO) where registered on or
before February 28 of the following year.
However, individuals other than those solely earning
income as Overseas Filipino Workers (OFWs) as defined
in RR No. 1-2011 availing of the benefits of special laws,
such as, but not limited to the Personal Equity and
Retirement Account Act (PERA Act) under RA 9505, are
required to file an ITR.
This return shall likewise be used by individuals
earning other taxable income from non-business/non-
profession.
“Minimum Wage Earner” shall refer to a worker in
the private sector paid the statutory minimum wage or to
an employee in the public sector with compensation
income of not more than the statutory minimum wage in
the non-agricultural sector where he/she is assigned.
The term "individual whose compensation income
has been subjected to final withholding tax” shall include
aliens or Filipino citizens occupying the same positions
as the alien employees, as the case may be, who are
employed by regional operating headquarters, regional or
area headquarters, offshore banking units, petroleum
service contractors and sub-contractors, pursuant to
pertinent provisions of Sections 25 (C), (D), (E) and
57(A), including those subject to Fringe Benefits Tax
(FBT) under Section 33 of the Tax Code, as amended,
Republic Act No. 8756, Presidential Decree No. 1354,
and other pertinent laws.
When and Where to File and Pay
A. For Electronic Filing and Payment System (eFPS)
Tax Filers: The return shall be e-filed and the tax shall
be e-paid on or before the 15th day of April of each year
covering income of the preceding taxable year using the
eFPS facilities thru the BIR website www.bir.gov.ph.
B. For Non-Electronic Filing and Payment System
(Non-eFPS) Tax Filers: The return shall be filed and the
tax shall be paid on or before the 15th day of April of each
year covering income of the preceding taxable year with any
Authorized Agent Bank (AAB) located within the territorial
jurisdiction of the RDO where the tax filer is registered. In
places where there are no AABs, the return shall be filed and
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
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BIR Form No. 1702-RT (page 6 of 6)
the tax shall be paid with the concerned Revenue Collection
Officer (RCO) under the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic format
under “eBIRForms” (refer to www.bir.gov.ph) for the
preparation, generation and submission and/or payment
of this return with greater ease and accuracy, upon
availability of the same in the system.
FOR NO PAYMENT RETURNS: This shall be filed
with the RDO where the tax filer is registered or with the
concerned RCO under the same RDO.
FOR INSTALLMENT PAYMENT: When the tax due
exceeds P 2,000, the tax filer may elect to pay in two
equal installments, the first installment to be paid at the
time the return is filed and the second installment, on or
before July 15 of the same year.
FOR NON-RESIDENT TAX FILER: In case tax filer
has no legal residence or place of business in the
Philippines, the return shall be filed with the Office of the
Commissioner thru RDO No. 39, South Quezon City.
How to Accomplish the Form
1. Enter all required information in CAPITAL
LETTERS using BLACK INK. Mark applicable
boxes with an “X”. Two copies MUST be filed with
the BIR and one held by the tax filer;
2. Indicate Taxpayer Identification Number (TIN) and
registered name on each page;
3. For all questions wherein an appropriate box is provided
for a possible answer, mark the applicable box
corresponding to the chosen answer with an “X”; and
4. Required information wherein the space provided has a
letter separator, the same must be supplied with
CAPITAL LETTERS where each character (including
comma or period) shall occupy one box and leave one
space blank for every word. However, if the word is
followed by a comma or period, there is no need to leave
blank after the comma or period. Do NOT write
“NONE” or make any other marks in the box/es.
For Items 1 to 4
Item 1 Indicate the taxable year covered by the return
being filed;
Item 2 Choose “Yes” if the tax return is one amending
previous return filed, “No” if not;
Item 3 Indicate whether the tax filer and spouse are filing
jointly or not; and
Item 4 Indicate whether the source of income is
compensation income or other income (non-
business/ non-profession).
Part I - Background Information
Item 5 Taxpayer Identification Number (TIN): Enter
the tax filer’s TIN. Spouse’s TIN is entered in Item
17. If no TIN, apply for one before filing using
Application for Registration-For Individuals
Earning Purely Compensation Income and Non-
Resident Citizens/ Resident Alien Employee (BIR
Form No. 1902).
Item 6 RDO Code: Enter the appropriate code for RDO
per BIR Form No. 1902 and/or Certificate of
Update of Exemption and of Employer’s and
Employee’s Information (BIR Form No. 2305).
Item 7 Philippine Standard Occupational
Classification (PSOC) Code: Refer to
www.bir.gov.ph for applicable PSOC or visit the
local BIR Office.
Item 8 Tax Filer’s Name: Print name as it was entered
on the registration forms.
Item 9 Registered Address: This refers to the preferred
address (i.e. residence or employer’s business
address) provided by the tax filer upon registration
with the BIR. If tax filer has moved since the previous
filing and has NOT updated the registration,
accomplish Table 1 on the last page of this ITR.
Items 10-12: Enter the requested information. If no
email address, leave the space blank.
Item 13 Civil Status: Indicate civil status.
Items 14 & 15 Additional Exemption for Qualified
Dependent Children:
An individual shall be allowed an additional exemption
of P25,000 for each qualified dependent child, but not
exceeding four (4). The additional exemption for
dependents shall be claimed by the husband, who is deemed
the proper claimant unless he explicitly waives his right in
favor of his wife. In the case of legally separated spouses,
additional exemption may be claimed only by the spouse
who has custody of the child or children; Provided, that the
total amount of additional exemptions that may be claimed
by both shall not exceed the maximum additional exemption
allowed by the Tax Code.
“Qualified Dependent Child” means a legitimate,
illegitimate or legally adopted child chiefly dependent upon
and living with the tax filer if such dependent is not more than
twenty-one (21) years of age, unmarried and not gainfully
employed or if such dependent, regardless of age, is incapable
of self-support because of mental or physical defect. If “yes”
is marked for Item 14, enter the number of Dependent
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
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BIR Form No. 1702-RT (page 6 of 6)
Children in Item 15, and then provide the required
information for each child in Table 2.
Should there be additional dependent(s) during the
taxable year, tax filer may claim the corresponding additional
exemption, as the case may be, in full for such year. If the tax
filer dies during the taxable year, his estate may still claim the
personal and additional exemptions for himself and his
dependent(s) as if he died at the close of such taxable year.
If the spouse or any of the dependents dies or if any
of such dependents marries, becomes twenty-one (21)
years old or becomes gainfully employed during the
taxable year, the tax filer may still claim the same
exemptions as if the spouse or any of the dependents died,
or as if such dependents married, became twenty-one (21)
years old or became employed at the close of such year.
Items 16-22 Spouse’s Background Information: Enter
the appropriate information using the same
guidelines as above.
Part II - Total Tax Payable
Items 23-31: Accomplish first Part IV – Computation of
Tax on page 2 before accomplishing these items.
Then transfer the information from Part IV to each
of the items. Individual instructions as to the source
of the information and the necessary calculations are
provided on each line item.
Signature Line: When all pages of the return are
complete, sign the return in the place indicated, enter
the number of pages filed. In Items 32-35, provide
the required information about tax filer’s
Government Issued ID and its details.
Part III (Item 36) - Details of Payment
Enter the information required and then file the original
ITR plus two (2) copies to any AAB within the RDO where
registered. Refer to www.bir.gov.ph for the applicable AAB
or visit the local BIR Office. For no payment returns, proceed
with filing the ITR with the RDO where the tax filer is
registered or the concerned RCO under the same RDO.
Part IV - Computation of Tax
At the top of this page and in all succeeding pages that
are to be filed, enter tax filer’s TIN and Last Name. The
requirement for entering centavos on the ITR has been
eliminated. If the amount of centavos is 49 or less, drop down
centavos (e.g. P100.49 = P100.00). If the amount it 50
centavos or more, round up to the next peso (e.g. P100.50 =
P101.00)
Items 1-4: Enter the required information for each of the
employers and mark whether the information is for
the Tax filer or the Spouse. Attach additional sheets,
if necessary. On Item 4A, enter the Total Gross
Compensation and Total Tax Withheld for the Tax
Filer. On Item 4B, enter the appropriate information
for the Spouse.
Item 5 Non-Taxable/Exempt Income: This includes
enumerations under Sections 32B of the NIRC, as
amended, and other applicable rules and regulations,
including De Minimis Benefits within the limitations
prescribed under existing revenue issuances.
Item 6 Gross Taxable Compensation Income: This
refers to Item 4A.1 or 4B.1 less the Non-
Taxable/Exempt Income in Item 5. The Gross
Taxable Compensation Income does not include
employees’ contributions to SSS, GSIS, HDMF,
PHIC and Union Dues. Refer to BIR Form No. 2316
issued by the employer/s.
Item 7 Premium Payment on Health and/or
Hospitalization Insurance: The amount of
premiums not to exceed Two Thousand Four
Hundred Pesos (P2,400) per family or Two
Hundred Pesos (P200) a month paid during the
taxable year for health and/or hospitalization
insurance taken by the tax filer for himself, including
his family, shall be allowed as a deduction from his
gross income; Provided, that said family has a gross
income of not more than Two Hundred Fifty
Thousand Pesos (P250,000) for the taxable year;
Provided, finally, that in the case of married tax
filers, only the spouse claiming the additional
exemption for dependents shall be entitled to this
deduction.
Items 8 & 9 Personal and Additional Exemptions:
An individual tax filer shall be allowed a basic
personal exemption of Fifty Thousand Pesos (P50,000).
In the case of married individuals where only one of the
spouses is deriving income, only such spouse shall be
allowed the personal exemption. An individual shall be allowed an additional
exemption of P 25,000 for each qualified dependent child,
not exceeding four (4). The additional exemption for
dependents shall be claimed by the husband, who is
deemed the proper claimant unless he explicitly waives
his right in favor of his wife.
Items 10, 11, 13 & 14: Calculate as indicated on the
form.
Item 12 Other Taxable Income: Any non-business/non-
profession related income reported under "other
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
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BIR Form No. 1702-RT (page 6 of 6)
taxable income" should reflect only the taxable
amount. Example: Honorarium received not in the
practice of business or profession by an employee
other than from his employer.
Items 15-20 Computation of Tax Credits/Payments:
Enter the applicable amounts in the Tax filer and/or
Spouse column. On Item 20 calculate the Net Tax
Payable. Attach proof on income received and credits
claimed, e.g. BIR Form No. 2316.
Over withholding of income tax on compensation
shall be refunded by the employer, except if the over
withholding is due to the employee’s failure or refusal to
file BIR Form No. 2305, or supplies false or inaccurate
information, the excess shall not be refunded but shall be
forfeited in favor of the government.
Item 21 Net Tax Payable (Overpayment) For Tax
Filer and Spouse: This is the aggregate amount of
Tax Payable (Overpayment) for both Tax Filer and
Spouse.
Item 22 Portion of Tax Payable Allowed for 2nd
Installment: Indicate the amount applicable.
Items 23, 27 & 28: Calculate as indicated in the form.
Penalties shall be imposed and
collected as part of the tax
Item 24: A surcharge of twenty five percent (25%) for
each of the following violations:
1. Failure to file any return and pay the amount of tax
or installment due on or before the due date;
2. Unless otherwise authorized by the Commissioner,
filing a return with a person or office other than those
with whom it is required to be filed;
3. Failure to pay the full or part of the amount of tax
shown on the return, or the full amount of tax due for
which no return is required to be filed on or before
the due date;
4. Failure to pay the deficiency tax within the time
prescribed for its payment in the notice of
assessment.
A surcharge of fifty percent (50%) of the tax or of
the deficiency tax shall be imposed in case of willful
neglect to file the return within the period prescribed by
the Tax Code and/or by rules and regulations or in case a
false or fraudulent return is filed.
Item 25: Interest at the rate of twenty percent (20%) per
annum, or such higher rate as may be prescribed by
rules and regulations, on any unpaid amount of tax,
from the date prescribed for the payment until it is
fully paid.
Item 26: Compromise penalty pursuant to existing/
applicable revenue issuances.
Part V - Supplemental Information
Fill-up applicable fields.
“Fair Market Value” as determined in accordance with
the Tax Code, as amended, and existing revenue
issuances shall be used in reporting the non-cash
income and receipts in the Supplemental
Information.
REQUIRED ATTACHMENTS: 1. Certificate of Compensation Payment/Tax Withheld
(BIR Form No. 2316).
2. Waiver of the husband’s right to claim additional
exemption, if applicable.
3. Duly approved Tax Debit Memo, if applicable.
4. Proof of Foreign Tax Credits, if applicable.
5. For amended return, proof of tax payment and the
return previously filed.
6. Proof of other tax payment/credit, if applicable.
7. Authorization letter, if filed by authorized
representative.
Tax Table If Taxable Income is: Tax Due is: If Taxable Income is: Tax Due is:
Not over P 10,000 5%
Over P 10,000 but not over P 30,000
P 500 + 10% of the excess over P 10,000
Over P 140,000 but not over P 250,000
P 22,500 + 25% of the excess over P 140,000
Over P 30,000 but not over P 70,000
P 2,500 + 15% of the excess over P 30,000
Over P 250,000 but not over P 500,000
P 50,000 + 30% of the excess over P 250,000
Over P 70,000 but not over P 140,000
P 8,500 + 20% of the excess over P 70,000
Over P 500,000 P 125,000 + 32% of the excess over P 500,000
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
1
Annual Income Tax Return
For Self-Employed Individuals, Estates and Trusts
These instructions are designed to assist taxpayers, or their
representatives, with the preparation of the annual income tax return
(ITR). If there are questions which are not adequately covered, please
consult the local BIR office. If there appears to be any discrepancies
between these instructions and the applicable laws and regulations, the
laws and regulations take precedence.
Who Shall File
BIR Form No. 1701 shall be filed by individuals who are engaged
in trade/business or the practice of profession including those with mixed
income (i.e., those engaged in the trade/business or profession who are
also earning compensation income) in accordance with Sec. 51 of the
Code, as amended. The annual income tax return summarizes all the
transactions covering the calendar year of the taxpayer.
This return shall be filed by the following individuals
regardless of amount of gross income:
1. A resident citizen engaged in trade, business, or practice of profession
within and without the Philippines.
2. A resident alien, non-resident citizen or non-resident alien individual
engaged in trade, business or practice of profession within the
Philippines.
3. A trustee of a trust, guardian of a minor, executor/administrator of an
estate, or any person acting in any fiduciary capacity for any person,
where such trust, estate, minor, or person is engaged in trade or
business.
4. An individual engaged in trade or business or in the exercise of their
profession and receiving compensation income as well.
All individuals, estates and trusts above required under the law and
existing issuances to file this return should also fill up Part IX hereof.
Said individuals, estates and trusts shall declare such income subject to
final tax and those exclusions from gross income under Section 32(B) of
the Tax Code, as amended.
Married individuals shall file a return for the taxable year to include the
income of both spouses, computing separately their individual income tax
based on their respective total taxable income. Where it is impracticable for
the spouses to file one return, each spouse may file a separate return of
income. If any income cannot be definitely attributed to or identified as
income exclusively earned or realized by either of the spouses, the same shall
be divided equally between the spouses for the purpose of determining their
respective taxable income.
The income of unmarried minors derived from property
received from a living parent shall be included in the return of the parent
except (1) when the donor’s tax has been paid on such property, or (2)
when the transfer of such property is exempt from donor’s tax.
If the taxpayer is unable to make his own return, the return may be
made by his duly authorized agent or representative or by the guardian or
other person charged with the care of his person or property, the principal
and his representative or guardian assuming the responsibility of making
the return and incurring penalties provided for erroneous, false or
fraudulent returns.
When and Where to File and Pay
A. For Electronic Filing and Payment System (eFPS) Taxpayer: The
return shall be e-filed and the tax shall be e-paid on or before the 15th day
of April of each year covering income of the preceding taxable year
using the eFPS facilities thru the BIR website www.bir.gov.ph.
B. For Non-Electronic Filing and Payment System (Non-eFPS)
Taxpayer: The return shall be filed and the tax shall be paid on or before
the 15th day of April of each year covering income of the preceding
taxable year with any Authorized Agent Bank (AAB) located within the
territorial jurisdiction of the RDO where the taxpayer is registered. In
places where there are no AABs, the return shall be filed and the tax shall
be paid with the concerned Revenue Collection Officer (RCO) under the
jurisdiction of the RDO.
Non-eFPS taxpayers may opt to use the electronic format under
“eBIRForms” (refer to www.bir.gov.ph) for the preparation,
generation and submission and/or payment of this return with greater
ease and accuracy, upon availability of the same in the system.
FOR NO PAYMENT RETURNS: This shall be filed with the RDO
where the taxpayer is registered or with the concerned RCO under the
same RDO.
FOR INSTALLMENT PAYMENT: When the tax due exceeds P2,000,
the taxpayer may elect to pay in two equal installments, the first
installment to be paid at the time the return is filed and the second
installment, on or before July 15 of the same year.
FOR NON-RESIDENT TAXPAYER: In case taxpayer has no legal
residence or place of business in the Philippines, the return shall be filed
with the Office of the Commissioner thru RDO No. 39, South Quezon
City.
How to Accomplish the Form
1. Enter all required information in CAPITAL LETTERS using
BLACK INK. Mark applicable boxes with an “X”. Two copies
MUST be filed with the BIR and one held by the taxpayer;
2. Indicate Taxpayer Identification Number (TIN) and registered name
on each page;
3. For all questions wherein an appropriate box is provided for a
possible answer, mark the applicable box corresponding to the
chosen answer with an “X”; and
4. Required information wherein the space provided has a letter
separator, the same must be supplied with CAPITAL LETTERS
where each character (including comma or period) shall occupy one
box and leave one space blank for every word. However, if the word
is followed by a comma or period, there is no need to leave blank
after the comma or period. Do NOT write “NONE” or make any
other marks in the box/es.
This return is divided into Parts I to X with accompanying Schedules
1 to 12. Individual instructions as to the source of the information and the
necessary calculations are provided on each line item.
PART
NO. PARTS
PAGE
NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Computation of Income Tax-REGULAR RATE 2
V Summary of Income Tax Due 3
VI Tax Relief Availment 3
VII Other Relevant Information -SPOUSE 4
VIII Information – External Auditor/Accredited Tax
Agent 4
IX Consolidated Computation by Tax Regime 12
X
Mandatory Attachments for Exempt/Special Tax
Regime per Activity- USE THIS IF THERE ARE
MORE THAN ONE EXEMPT AND/OR
SPECIAL TAX REGIME. Consolidate the amounts
of all Mandatory Attachments PER TAX REGIME and
reflect the same to the corresponding schedules and columns of Part IX.
1m
to
5m
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
2
SCHED
NO. SCHEDULES
PAGE
NO.
1 Gross Compensation and Tax Withheld 5
2 Sales/Revenues/Receipts/Fees 5
3 Other Taxable Income Not Subjected to Final Tax 5
4A Cost of Sales (For those Engaged in Trading) 5
4B Cost of Sales (For those Engaged in Manufacturing) 6
4C Cost of Services 6
5 Non-Operating Income 6
6 Ordinary Allowable Itemized Deductions 6-7
7 Special Allowable Itemized Deductions 8
8 Computation of Net Operating Loss Carry Over
(NOLCO)
8
9 Tax Credits/Payments-Attach proof 9
10 Balance Sheet 9
11A Tax Filer’s-Reconciliation of Net Income per Books Against Taxable Income
10
11B Spouse’s-Reconciliation of Net Income per Books
Against Taxable Income
10
12 Supplemental Information 11
For Items 1 to 4:
Item 1 Indicate the taxable year covered by the return being filed;
Item 2 Choose “Yes” if the tax return is one amending previous return
filed, “No” if not;
Item 3 Choose “Yes” if the return is made for a fractional part of a year
(e.g. commencement or retirement); and
Item 4 Indicate the appropriate Alphanumeric Tax Code (ATC).
Part I (Items 5 to 25) – Background Information on TAX FILER
Item 5 Taxpayer Identification Number (TIN): Enter tax filer’s TIN.
Spouse’s TIN is entered in Item 95. If no TIN, apply for one before filing
using Application for Registration-For Self-Employed and Mixed Income
Individuals, Estates and Trusts (BIR Form No. 1901).
Item 6 RDO Code: Enter the appropriate code for the RDO per BIR
Form No. 1901 and/or Certificate of Registration (BIR Form
No. 2303).
Item 7 Tax Filer Type: Mark applicable boxes with an “X”.
Item 8 Tax filer‘s Name: Enter the Last Name, First Name, Middle
Name for individuals/ ESTATE of First Name, Middle Name, Last
Name /TRUST FAO First Name, Middle Name, Last Name as it
was entered on the BIR Form Nos. 1901/1905/2303.
Item 9 Trade Name: Indicate trade name as shown in the Department of
Trade and Industry’s Certificate of Registration, Mayor’s Permit
etc.
Item 10 Registered Address: Enter Registered Address as indicated in
BIR Form No. 2303. If tax filer has moved since the previous filing
and has NOT updated the registration, update the registration by
filing BIR Form No. 1905. In the meantime, accomplish Part VIIB
on page 4 of this ITR.
Items 11 to 16: Fill-up required information.
Item 17 Main Line of Business: Indicate the nature of the business the
taxpayer is engaged in as indicated in BIR Form No. 2303.
Item 18 to 19 PSIC/PSOC Code: Indicate the Philippine Standard
Industrial Classification (PSIC) Code and/or Philippine Standard
Occupational Classification (PSOC) Code. Refer to
www.bir.gov.ph for the applicable PSIC/PSOC or visit the local
BIR Office.
Item 20 Method of Deduction: Choose either Itemized Deduction under
Section 34(A-J), NIRC or Optional Standard Deduction (OSD),
which is 40% of Gross Sales/Receipts/Revenues/Fees under
Section 34(L), NIRC as amended by RA 9504. The option to
choose applies only to individuals subject to Sec. 24 of the Tax
Code, as amended, and with no special/preferential tax rates
applied. The chosen method of deduction used in the first quarter
of the year shall be irrevocable and consistently applied throughout
the year.
Individual taxpayers with mixed income subject to income tax rates
other than the income tax rates prescribed under Sec. 24 of the Tax Code,
as amended, are not included among those individuals with option to
elect the Optional Standard Deductions under Sec. 24 (L) of the same
Tax Code. Hence, they are allowed to use only the itemized deductions
method.
Item 21 to 23: Mark applicable box with an “X”.
Item 24 to 25 Claiming Additional Exemption: An individual shall be
allowed an additional exemption of P25,000 for each qualified
dependent child, but not exceeding four (4). The additional
exemption for dependents shall be claimed by the husband, who is
deemed the proper claimant unless he explicitly waives his right in favor
of his wife. In the case of legally separated spouses, additional
exemption may be claimed only by the spouse who has custody of the
child or children; Provided, that the total amount of additional
exemptions that may be claimed by both shall not exceed the
maximum additional exemption allowed by the Tax Code.
“Qualified Dependent Child” means a legitimate, illegitimate or legally
adopted child chiefly dependent upon and living with the taxpayer if such
dependent is not more than twenty-one (21) years of age, unmarried and
not gainfully employed or if such dependent, regardless of age, is
incapable of self-support because of mental or physical defect. If “yes”
is marked for Item 24, enter the number of Dependent Children in Item
25, and then provide the required information for each child in Part VIIA.
Should there be additional dependent(s) during the taxable year,
tax filer may claim the corresponding additional exemption, as the case
may be, in full for such year. If the taxpayer dies during the taxable year,
his estate may still claim the personal and additional exemptions for
himself and his dependent(s) as if he died at the close of such taxable
year.
If the spouse or any of the dependents dies or if any of such
dependents marries, becomes twenty-one (21) years old or becomes
gainfully employed during the taxable year, the taxpayer may still claim
the same exemptions as if the spouse or any of the dependents died, or as
if such dependents married, became twenty-one (21) years old or became
employed at the close of such year.
Part II (Items 26 to 32) Total Tax Payable:
Complete first Part IV – Computation of Income Tax on page 2
before accomplishing these items. Then transfer the information from
Part IV to each of the items. Individual instructions as to the source of
the information and the necessary calculations are provided on each line
item.
Overpayment Line: An excess of the total tax credits/payments over the
actual income tax due computed in the final adjusted return may be
refunded or issued with the Tax Credit Certificate to the taxpayer
or credited against its estimated income tax liabilities for the
quarters of the succeeding taxable years. The taxpayer shall
exercise its option by placing an “X” in the appropriate box, which
option shall be considered irrevocable for that taxable period. Thus,
once the taxpayer opted to carry-over and apply the excess income
tax against income tax due for the succeeding taxable year, no
application for cash refund or issuance of a tax credit certificate
shall be allowed. In case the taxpayer fails to signify its choice, the
excess payment shall be automatically carried-over to the next
taxable period.
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
3
Signature Line: When all pages of the return are complete, sign the
return in the place indicated, enter the number of pages filed in Item
33. In Items 34-37, provide the required information about tax
filer’s Government Issued ID and its details.
Part III (Items 38 to 40) Details of Payment
Enter the information required and then file the original ITR plus two (2)
copies to any AAB within the RDO where registered. Refer to www.bir.gov.ph
for the applicable AAB or visit the local BIR Office. For no payment returns,
proceed with filing the ITR with the RDO where the taxpayer is registered or
the concerned RCO under the same RDO.
Part IV (Items 41 to 67) Computation of Income Tax-REGULAR
RATE
At the top of this page and in all succeeding pages that are to be filed,
enter the tax filer’s TIN and Last Name. The requirement for entering
centavos on the ITR has been eliminated. If the amount of centavos is 49 or
less, drop down the centavos (e.g. P100.49 = P100.00). If the amount is 50
centavos or more, round up to the next peso (P100.50 = P101.00).
Generally, for all the lines in this part there is a need to complete
the appropriate schedules and then transfer the sub-totals to the
appropriate line. On the other lines make the appropriate
calculations as directed and enter the totals.
Item 44 Premium Payment on Health and/or Hospitalization
Insurance: The amount of premiums not to exceed Two
Thousand Four Hundred Pesos (P2,400) per family or Two
Hundred Pesos (P200) a month paid during the taxable year for
health and/or hospitalization insurance taken by the tax filer for
himself, including his family, shall be allowed as a deduction from
his gross income; Provided, that said family has a gross income
of not more than Two Hundred Fifty Thousand Pesos (P250,000)
for the taxable year; Provided, finally, that in the case of married
tax filers, only the spouse claiming the additional exemption for
dependents shall be entitled to this deduction.
Items 45 & 46 Personal and Additional Exemptions:
An individual tax filer shall be allowed a basic personal exemption
of Fifty Thousand Pesos (P50,000). In the case of married individuals
where only one of the spouses is deriving income, only such spouse shall
be allowed the personal exemption. An individual shall be allowed an additional exemption of
P25,000 for each qualified dependent child, not exceeding four (4). The
additional exemption for dependents shall be claimed by the husband,
who is deemed the proper claimant unless he explicitly waives his right
in favor of his wife.
An Estate or Trust shall be allowed an exemption of Twenty
Thousand Pesos (P20,000).
Item 47 to 56: Fill-up and/or compute required information.
Items 57 to 59 Deductions Allowed under Existing Laws: May choose
either the itemized or optional standard deduction, subject to
REGULAR TAX RATES only. It shall indicate the choice by
marking with an “X” the appropriate box, otherwise, it shall be
considered as having availed of the itemized deduction. Such
choice made in the initial quarterly return during the taxable year
is irrevocable for the said year for which the return is made. The
ordinary and special deductions are discussed further under the
appropriate schedule. Itemized deductions only, if subject to
REGULAR and SPECIAL/ EXEMPT Tax Regime.
Item 61 Optional Standard Deduction (OSD): A maximum of 40% of the
Total Sales/Revenue Receipts/Fees in Item 52 shall be allowed as
deduction in lieu of the itemized deduction if subject to REGULAR
Income Tax Regime Only. However, individuals who availed and
claimed this deduction is no longer required to submit the financial
statements when filing the annual tax return but required to keep such
records pertaining to the gross sales or receipts.
Item 62 to 66: Compute to arrive at the total taxable income.
Item 67: The regular/normal graduated rate of income tax is 5-32% of
net taxable income.
Part V (Items 68 to 80) Summary of Income Tax Due:
Complete the appropriate schedules and then transfer the sub-totals to the
appropriate line from Part IV- Computation of Income Tax-Regular Rate,
and Part IX- Consolidated Computation by Tax Regime
Penalties shall be imposed and
collected as part of the tax
Item 81 Surcharge:
1) A surcharge of twenty five percent (25%) for each of the
following violations:
a) Failure to file any return and pay the amount of tax or installment
due on or before the due dates;
b) Unless otherwise authorized by the Commissioner, filing a return with a
person or office other than those with whom it is required to be filed;
c) Failure to pay the full or part of the amount of tax shown on the
return, or the full amount of tax due for which no return is required
to be filed, on or before the due date;
d) Failure to pay the deficiency tax within the time prescribed for its
payment in the notice of assessment.
2) A surcharge of fifty percent (50%) of the basic tax or of the
deficiency tax shall be imposed in case of willful neglect to file the
return within the period prescribed by the Tax Code and/or by rules and
regulations or in case a false or fraudulent return is filed.
Item 82 Interest: Interest at the rate of twenty percent (20%) per annum
on any unpaid amount of tax, from the date prescribed for the
payment until it is fully paid.
Item 83 Compromise: This penalty is pursuant to existing/applicable
revenue issuances.
Part VI- Tax Relief Availment:
Taxpayer availing of any tax relief under the Tax Code must fill-
up Items 86-94.
For ECOZONES: Gross income shall refer to gross sales or gross
revenue derived from registered business activity within the zone, net of sales
discounts, sales returns and allowances minus cost of sales or direct costs but
before any deductions for administrative, marketing, selling, operating
expenses or incidental losses during a given taxable period.
For BCDA: Gross income shall refer to gross sales or gross revenue
derived from registered business activity within the zone, net of sales
discounts, sales returns and allowances minus cost of sales or direct costs
but before any deductions for administrative, marketing, selling,
operating expenses or incidental losses during a given taxable period. For
those engaged in financial enterprises, gross income shall include interest
income, gains from sales and other income net of costs of funds.
Item 89 Other Special Tax Credit refers to tax credit allowed under
special laws, rules and issuances.
Part VII (Items 95 to 111) Other Relevant Information: SPOUSE: Follow similar procedures as that of the tax filer, if any.
Part VIIA - Qualified Dependent Children: If wife is claiming for
additional exemption, please attach waiver of the husband.
Part VIIB - Current Address: Accomplish if current address is
different from registered address in Item 10.
Part VIII (Items 112 to 118) Information – External Auditor/
Accredited Tax Agent:
All returns filed by an accredited tax agent on behalf of a taxpayer
shall bear the following information:
a) For CPAs and others (individual practitioners and members of GPPs);
Items 112 to 115: Name and Taxpayer Identification Number (TIN);
Items 116 to 118: BIR Accreditation Number, Date of Issuance, and
Expiry Date.
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
4
b) For members of the Philippine Bar (i.e. individual practitioners,
members of GPPs);
Items 112 to 115: Name and Taxpayer Identification Number (TIN);
Items 116 to 118: Attorney’s Roll Number or Accreditation Number,
Date of Issuance, and Expiry Date.
SCHEDULES: The information provided in all of the schedules must be supported by
appropriate documents.
Schedule 1 - Gross Compensation Income and Tax Withheld of tax filer
and/or Spouse.
Schedules 2 to 5 - Fill-up the information provided in appropriate
schedules and must be supported by appropriate documents.
Schedule 6 - Ordinary Allowable Itemized Deductions (Attach
additional sheets, if necessary): There shall be allowed as deduction from gross
income all the ordinary and necessary trade and business expenses paid or
incurred during the taxable year in carrying on or which are directly attributable
to the development, management, operation and/or conduct of the trade and
business. Itemized deduction includes also interest, taxes, losses, bad debts,
depreciation, depletion, charitable and other contributions, research and
development and pension trust.
Schedule 7 - Special Allowable Itemized Deductions: There shall be
allowable deduction from gross income in computing taxable income, in
addition to the regular allowable itemized deduction, as provided under the
existing regular and special laws, rules and issuances such as, but not limited
to: Rooming-in and Breast-feeding Practices under R.A. 7600, Adopt-A-
School Program under R.A. 8525, Expanded Senior Citizens Act under R.A.
9257, Free Legal Assistance under R.A. 9999, etc.
Schedule 8 – Computation of Net Operating Loss Carry Over: Detailing the computation of available NOLCO (applied, unapplied and
expired portion). Only net operating losses incurred by the qualified
taxpayer may be carried over to the next three (3) immediately
succeeding taxable years following the year of such loss.
Schedule 9 – Tax Credits/Payments: Indicate claimed Tax
Credits/Payments and attach necessary proof/s.
Schedule 10 – Balance Sheet: Indicate the amounts as shown in the
Audited Financial Statements.
Schedule 11 – Reconciliation of Net Income per Books Against
Taxable Income Tax Filer/Spouse: Indicate all the reconciling items to
be added or subtracted from the net income reported in the financial
statements to arrive at the taxable income reported in the income tax
return. For taxpayer subject to regular rate, fill up the non-deductible
expenses such as: allowance for bad debts not actually written off,
amortization and others which are not deductible for taxation purposes.
Also, add other taxable income such as: recovery of bad debts previously
written off, adjustment to retained earnings, and other adjustments that
are considered as income for tax purposes.
Schedule 12A - Gross Income/Receipts Subjected to Final
Withholding: Indicate the income/receipt of interests; royalties;
dividends; prizes and winnings; fringe benefits; compensation subject to
15% preferential rate; sale/ exchange of real property; sale/exchange of
shares of stock; other income and the corresponding final tax
withheld/paid, if applicable.
Schedule 12B - Gross Income/Receipts Exempt from Income Tax-
Indicate personal/real properties received thru gifts, bequests, and
devises; and other exempt income and receipts under Sec. 32(B) of the
NIRC, as amended.
FOR TAX FILERS WITH MULTIPLE TAX REGIMES:
Accomplish only Part IX and X if with Exempt/Special Tax
Regime.
Accomplish Part X – Mandatory Attachments for Exempt/Special
per tax Regime per Activity and consolidate to Part IX together with Part
IV for Regular Tax Regime.
Part IX- Consolidated Computation by Tax Regime
Accomplish required consolidated information per tax regime
and reflect the total for the tax filer and the spouse. If under regular
rate only, do not accomplish Part IX, instead, proceed directly to
Schedules-Regular Rate (Schedules 1 to 12B).
Part X - Mandatory Attachments for Exempt/Special Tax Regime
per Activity
Part X is applicable only for those with income subject to multiple
tax regimes. However, tax filer must first complete appropriate schedules
from Part X-Mandatory Attachments for Exempt/Special Tax
Regimes per Activity pages 1m to 5m, including the Schedules -
Regular Rate (Schedules 1 to 12B), if applicable. Accomplish as
many PART X as there are activities/programs per TAX REGIME. Consolidate the amounts PER TAX REGIME under EXEMPT and/or
SPECIAL from all of Part X-Mandatory Attachments which shall be
reflected in the appropriate items of columns B and/or C for the Tax filer,
and columns F and/or G for the spouse, if applicable.
Example: SPECIAL
EXEMPT
Subsequently, transfer the applicable Items to Part V, and
finally to Part II.
REQUIRED ATTACHMENTS:
1. Certificate of independent CPA duly accredited by the BIR (The CPA
Certificate is required if the gross quarterly sales, earnings, receipts
or output exceed P 150,000).
2. Account Information Form (AIF) and/or Financial Statements (FS),
including the following schedules prescribed under existing revenue
issuances which must form part of the Notes to the Audited FS:
a) Taxes and Licenses
b) Other information prescribed to be disclosed in the notes to FS
3. Statement of Management’s Responsibility (SMR) for Annual
Income Tax Return.
4. Certificate of Income Payments not subjected to Withholding Tax
(BIR Form No. 2304).
5. Certificate of Creditable Tax Withheld at Source (BIR Form
No. 2307).
6. Certificate of Compensation Payment/Tax Withheld (BIR Form
No. 2316).
7. Duly approved Tax Debit Memo, if applicable.
8. Proof of prior years' excess credits, if applicable.
9. Proof of Foreign Tax Credits, if applicable.
10. For amended return, proof of tax payment and the return previously
filed.
11. Summary Alphalist of Withholding Agents of Income Payments
Subjected to Withholding Tax at Source (SAWT), if applicable.
12. Proof of other tax payment/credit, if applicable.
13. Authorization Letter, if filed by an authorized representative.
14. Waiver of husband’s right to claim additional exemption, if
applicable.
Part X
Exempt
Activity 1
Schedule B
Part IX
Column C
Part X
Exempt
Activity 2
Schedule B
Consolidate
Part X
Special
Activity 1
Schedule B
Part X
Special
Activity 2
Schedule B
Part IX
Column B
Consolidate
Annual Income Tax Return Part X - Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime PER ACTIVITY
Page 1m – Schedules A to C2
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP1m
TIN Tax Filer’s Last Name
0 0 0 0
Mark "X" the applicable Tax Regime Exempt Special Rate
Schedule A - Taxpayer's Activity Profile for Tax Relief Under Special Law/International Tax Treaty (Accomplish the Mandatory Attachments FOR EACH ACTIVITY, if applicable)
Description A) Taxpayer/Filer B) Spouse
1 Investment Promotion Agency (IPA) /Government Entity
2 Legal Basis
3 Registered Activity/Program (Registration No.)
4 Special Tax Rate .
% .
%
5 Effectivity Date of Tax Relief/Exemption (From) / /
/ /
6 Expiration Date of Tax Relief/Exemption (To) / /
/ /
Schedule B - Computation of Income Tax A) Taxpayer/Filer B) Spouse
1 Net Sales/Revenues/Receipt/Fees (From Schedule D Item 5A/5B) (To Part IX Item 1)
2 Add: Other Taxable Income from Operations not Subject to Final Tax
(From Schedule E Item 3A/3B) (To Part IX Item 2)
3 Total Sales/Revenues/Receipts/Fees (Sum of Items 1 & 2)
4 Less: Cost of Sales/Services (From Schedule F Item 27A/27B) (To Part IX Item 4)
5 Gross Income from Business/Profession (Item 3 Less Item 4)
6 Add: Non-Operating Income (From Schedule G Item 6A/6B) (To Part IX Item 6)
7 Total Gross Income (Sum of Items 5 & 6)
Less: Allowable Deductions under existing laws
8 Ordinary Allowable Itemized Deductions (From Schedule H Item 40A/40B) (To Part IX Item 8)
9 Special Allowable Itemized Deductions (From Schedule I Item 5A/5B) (To Part IX Item 9)
10 Total Allowable Itemized Deductions (Sum of Items 8 & 9) (To Part IX Item 11)
11 Taxable Income from Business/Profession (Item 7 Less Item 10) (To Part IX Item 13)
Schedule C - Tax Relief Availment
Schedule C1 - Special Rate A) Taxpayer/Filer B) Spouse
1 Taxable Income from Business/Profession (From Sched. B Item 11)
2 Add: Special Allowable Itemized Deductions (From Schedule B Item 9)
3 Sub-total (Sum of Items 1 & 2)
4 Regular Income Tax Otherwise Due (Item 3 X applicable Tax Rate per Tax Table)
5 Less: Income Tax Due-Special Rate (Based on Gross Income)(Schedule B Item 7 X applicable Special Tax Rate)
6 Tax Relief Availment Before Special Tax Credit (Item 4 Less Item 5)
7 Add: Special Tax Credits (From Schedule J Item 8A/8B)
8 Total Tax Relief Availment – SPECIAL (Sum of Items 6 & 7) (To Part IX Item 21B /21F)
Schedule C2 - Exempt
9 Taxable Income from Business/Profession (From Schedule B Sum of Items 11 & 9)
10 Applicable Tax Rate per Tax Table
.
%
.
%
11 Tax Relief Availment – EXEMPT (Item 9 X Item 10) (To Part IX Item 21C/21G)
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY Page 2m – Schedules D to F2
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP2m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule D - Sales/Revenues/Receipts/Fees from Business/Profession, Including amount received from General Professional Partnership (GPP)
Description A) Taxpayer/Filer B) Spouse
1 Total Sales/Revenues/Receipts/Fees
2 Add: Gross Sales/Revenues/Receipts/Fees not subject to Withholding
Tax
3 Total Sales/Revenues/Receipts/Fees (Sum of Items 1 & 2 )
4 Less: Sales Returns, Allowances and Discounts
5 Net Sales/Revenues/Receipts/Fees (Item3 Less Item4)
(To Schedule B Item 1A/1B)
Schedule E - Other Taxable Income from Operations not Subject to Final Tax (Attach additional sheet/s, if necessary)
Description A) Taxpayer/Filer B) Spouse
1
2
3 Total Other Taxable Income from Operations not Subject to WT (Sum of Items 1 & 2) (To Schedule B Item 2A/2B)
Schedule F - Cost of Sales/Services (Attach additional sheet/s, if necessary)
Schedule F1 - Cost of Sales (For those engaged in Trading)
Description A) Taxpayer/Filer B) Spouse
1 Merchandise Inventory, Beginning
2 Add: Purchases of Merchandise
3 Total Merchandise/Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise Inventory, Ending
5 Cost of Sales (Item 3 Less Item 4) (To Schedule F Item 27)
Schedule F2 - Cost of Sales (For those engaged in Manufacturing)
Description A) Taxpayer/Filer B) Spouse
6 Direct Materials, Beginning
7 Add: Purchases of Direct Materials
8 Material Available for Use (Sum of Items 6 & 7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10 to 12)
14 Add: Work in Process, Beginning
15 Less: Work in Process, Ending
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Add: Finished Goods, Beginning
18 Less: Finished Goods, Ending
19 Cost of Goods Manufactured & Sold (Sum of Items 16 & 17 Less Item 18)
(To Schedule F Item 27)
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY
Page 3m - Schedules F3 to H
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP3m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule F3 - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross revenue
from rendition of services)
Description A) Taxpayer/Filer B) Spouse
20 Direct Charges - Salaries, Wages and Benefits
21 Direct Charges- Materials, Supplies and Facilities
22 Direct Charges- Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Cost of Services (Sum of Items 20 to 25) (To Schedule F Item27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Schedule B Item 4A/4B)
Schedule G - Non-Operating Income (Attach additional sheet/s, if necessary)
Nature of Income A) Taxpayer/Filer B) Spouse
1
2
3
4
5
6 Total Non-Operating Income (Sum Items 1 to 5) (To Schedule B Item 6A/6B)
Schedule H - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description A) Taxpayer/Filer B) Spouse
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY Page 4m - Schedules H to I
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP4m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule H - (Continued) Ordinary Allowable Itemized Deductions
Description A) Taxpayer/Filer B) Spouse
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance - Labor or Labor & Materials
25 Repairs and Maintenance - Materials/Supplies
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others (Specify below; Add additional sheet(s), if necessary)
36
37
38
39
40 Total Ordinary Allowable Itemized Deduction
(Sum of Items 1 to 39) (To Schedule B Item 8A/8B)
Schedule I - Special Allowable Itemized Deductions
Description Legal Basis A) Taxpayer/Filer B) Spouse
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Schedule B Item9A/9B)
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY
Page 5m - Schedules J to K2
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP5m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule J – Tax Credits/Payments (Attach proof)
Description A) Taxpayer/Filer B) Spouse
1 Prior Year's Excess Credits
2 Tax Payments for the First Three Quarters
3 Creditable Tax Withheld for the First Three Quarters
4 Creditable Tax Withheld for the Fourth Quarter
5 Tax Withheld per BIR Form No. 2316
6 Tax paid in return previously filed, if this is an amended return
7 Foreign Tax Credits, if applicable
8 Special Tax Credits, if applicable
9 Other Payments / Credits, specify __________________________
10 Total Tax Credits / Payments (Sum of Items1 to 9) (To Part IX Item19)
Schedule K - Reconciliation of Net Income per Books Against Taxable Income (Attach additional sheet/s, if necessary)
Schedule K1 – TAX FILER’S Reconciliation of Net Income per Books Against Taxable Income
1 Net Income (Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) – Tax Filer (Item 4 Less Item 9)
Schedule K2 – SPOUSE’S Reconciliation of Net Income per Books Against Taxable Income
1 Net Income (Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) - Spouse (Item 4 Less Item 9)
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
1
BIR Form No. 1702-RT (page 6 of 6)
For Use only by Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT
under the Tax Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other
Special Laws, with NO Other Taxable Income
These instructions are designed to assist tax
filers, or their representatives, with the preparation of the
annual income tax return (ITR). If there are questions
which are not adequately covered, please consult the local
BIR office. If there appears to be any discrepancies
between these instructions and the applicable laws and
regulations, the laws and regulations shall take
precedence.
What Form to Use:
BIR Form No.
Description
1702-RT Corporation, Partnership and other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate
1702-EX
Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other Special Laws, with NO Other Taxable Income
1702-MX
For Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/ PREFERENTIAL RATE
Who Shall File BIR Form No. 1702-EX
This return shall be filed by a Corporation, Partnership and
Other Non-Individual Taxpayer EXEMPT under the Tax
Code, as amended [Sec. 30 and those exempted in
Sec. 27(C)] and other Special Laws WITH NO OTHER
TAXABLE INCOME such as but not limited to
foundations, cooperatives, charitable institutions, non-
stock and non-profit educational institutions, General
Professional Partnership (GPP) etc., otherwise use BIR
Form No. 1702-MX.
Every GPP shall file this return setting forth the items of
gross income and of deductions and the names, TINs,
addresses and share of its partners.
The return shall be filed by the president, vice-president or
other principal officer, and shall be sworn to by such
officer and by the treasurer or assistant treasurer.
When and Where to File and Pay
1) For Electronic Filing and Payment System (eFPS)
Taxpayer: The return shall be e-filed and the tax shall
be e-paid on or before the 15th day of the fourth month
following the close of the taxpayer’s taxable year
using the eFPS facilities thru the BIR website
www.bir.gov.ph.
2) For Non-Electronic Filing and Payment System
(Non-eFPS) Taxpayer: The return shall be filed and
the tax shall be paid on or before the 15th day of the
fourth month following the close of the taxpayer's
taxable year with any Authorized Agent Bank (AAB)
located within the territorial jurisdiction of the
Revenue District Office (RDO) where the taxpayer’s
principal office is registered. In places where there are
no AABs, the return shall be filed and the tax shall be
paid with the concerned Revenue Collection Officer
(RCO) under the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic
format under “eBIRForms” (refer to
www.bir.gov.ph) for the preparation, generation and
submission and/or payment of this return with greater
ease and accuracy, upon availability of the same in the
system.
For NO PAYMENT RETURN: The return shall be filed
with the RDO where the taxpayer’s principal office is
registered or with the concerned RCO under the same
RDO on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year.
How to Accomplish the Form
1. Enter all required information in CAPITAL
LETTERS using BLACK INK. Mark applicable
boxes with an “X”. Two copies MUST be filed with
the BIR and one held by the taxpayer.
2. Indicate TIN and registered name on each page;
3. For all questions wherein an appropriate box is provided
for a possible answer, mark the applicable box
corresponding to the chosen answer with an “X”;
4. Required information wherein the space provided has
a letter separator, the same must be supplied with
CAPITAL LETTERS where each character
(including comma or period) shall occupy one box
and leave one space blank for every word. However,
if the word is followed by a comma or period, there
is no need to leave blank after the comma or period.
Do NOT write “NONE” or make any other marks in
the box/es; and
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
2
BIR Form No. 1702-RT (page 6 of 6)
5. Accomplish first the applicable schedules before
accomplishing Parts II to V.
This return is divided into Parts I to VI with
accompanying Schedules 1 to 10. Individual
instructions as to the source of the information and the
necessary calculations are provided on each line item.
PART NO. PARTS
PAGE NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Computation of Tax 2
V Tax Relief Availment 2
VI Information – External Auditor/Accredited Tax Agent
2
SCHED
NO. SCHEDULES PAGE NO.
1 Sales/Revenues/Receipts/Fees 3
2A Cost of Sales (For those Engaged in Trading) 3
2B Cost of Sales (For those Engaged in Manufacturing) 3
2C Cost of Services 3
3 Other Taxable Income Not Subjected to Final Tax
4
4 Ordinary Allowable Itemized Deductions 4-5
5 Special Allowable Itemized Deductions 5
6 Reconciliation of Net Income per Books Against Taxable Income
5
7 Balance Sheet 6
8 Stockholders/Partners/Members Information 6
9 Supplemental Information 7
10 Gross Income/Receipts Exempt from Income Tax
7
For Items 1 to 5
Item 1 Mark the applicable box with an “X”. This refers to the
accounting period (Fiscal or Calendar year) upon the basis of
which the net income is computed by the tax filer.
Item 2 Indicate the taxable year ended covered by the return
being filed.
Item 3 Choose “Yes” if the tax return is one amending previous
return filed, “No” if not.
Item 4 Choose “Yes” if the return is made for a fractional part
of a year (e.g. commencement, retirement or change in
accounting period).
Item 5 Mark the appropriate ATC as shown in the Certificate
of Registration (BIR Form No. 2303).
ATC IC 011 for Exempt Corporation on Exempt Activities
ATC IC 021 for General Professional Partnership
Part I (Items 6-19) Background Information
Item 6 Taxpayer Identification Number (TIN): Enter the
TIN for the corporation, partnership or other non-
individual taxpayer.
Item 7 RDO Code: Enter the appropriate code for the
RDO per BIR Form Nos.1903/2303.
Item 8 Date of Incorporation/Organization: Enter the
date as shown in BIR Form No. 2303. It is the date
when the corporation has been incorporated as per
Certificate of Registration issued by the Securities
and Exchange Commission (SEC)/other regulatory
agencies like the Cooperative Development
Authority, National Electrification Authority, etc.
Item 9 Registered Name: Enter the registered name as it
was entered in BIR Form No. 2303.
Item 10 Registered Address: Enter registered address as
indicated in BIR Form No. 2303. If taxpayer has
moved since the previous filing and has NOT
updated the registration, the taxpayer must update its
registration by filing BIR Form No. 1905.
Item 13 Main Line of Business: Indicate the nature of the
main line of business the company is engaged in per
BIR Form No. 2303.
Item 14 PSIC Code: Philippine Standard Industrial
Classification (PSIC) Code: Refer to
www.bir.gov.ph for the applicable PSIC or visit the
local BIR Office.
Item 15 Method of Deduction: Itemized Deduction
under Section 34(A-J), NIRC, as amended.
Item 16 Legal Basis of Tax Relief/Exemption: Indicate
the specific special law, international agreement or
treaty which is the legal basis for the grant of the tax
exemption/ incentive/preferential tax rate. For
example, RA 9520 – Cooperative Law, etc.
Item 17 Investment Promotion Agency (IPA)/
Government Agency: Indicate the IPA that granted
exemption/ incentive/ preferential tax rate. For
example, Cooperative Development Authority
(CDA), National Electrification Administration
(NEA), etc.
Item 18 Registered Activity/Program/Registration
Number: Indicate the registered activity/program
Registration Number as shown in the registration
certificate issued by the concerned IPA.
Item 19 Effectivity Date of Tax Relief/Exemption:
Indicate the effectivity date of the relief/exemption
from start date to end date of tax exemption/
incentive/preferential tax rate as shown in the
certificate of registration issued by the concerned IPA
by writing the month, day and year.
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
3
BIR Form No. 1702-RT (page 6 of 6)
For example: From start date: May 31, 2012 shown as
05/31/2012 to end date May 31,2015 shown as
05/31/2015.
Part II (Items 20-22) Total Tax Payable
Total Income Tax Due amounts to Zero (O). Only the
compromise penalty, if any, shall be paid for violations
under the NIRC, as amended, and other issuances. Part IV
– Computation of Tax on page 2 and other schedules must
also be accomplished.
Signatory Lines: When all pages of the return are
complete, sign the return in the place indicated, enter
the number of pages filed. In Items 23-26, provide the
required information and its details.
Part III (Items 27-30) Details of Payment
Enter the information required and then file the
original ITR plus two (2) copies to any AAB within the
RDO where registered. Refer to www.bir.gov.ph for the
applicable AAB or visit the local BIR Office. For no
payment returns, proceed with filing the ITR with the
RDO where the tax filer is registered or the concerned
RCO under the same RDO.
Part IV (Items 31-35) Computation of Tax
Enter taxpayer’s TIN and Registered Name at the top
of this page and in all succeeding pages. The requirement
for entering centavos on the ITR has been eliminated. If the
amount of centavos is 49 or less, drop down the centavos
(e.g., P 100.49 = P 100.00). If the amount is 50 centavos or
more, round up to the next peso (e.g., P 100.50 = P 101.00).
Accomplish first Schedules 1 to 5 before transferring
these items to the applicable information required in Part
IV- Computation of Tax.
Items 36-38 Deductions Allowed under Existing Law:
Only Itemized Deduction is allowed under Sec. 34(A-
J), of the Tax Code, as amended, consistently applied
throughout the year for taxpayers under Sec.30 and
those exempted in Sec. 27(C) of the same Code, as
amended, and other Special Laws with NO Other
Taxable Income.
Item 40: The Income Tax Rate is 0% of net taxable
income.
Part V (Items 42-44) Tax Relief Availment
Taxpayer availing of any tax relief under the Tax
Code must completely fill-up Items 42-44.
Part VI (Items 45-51) Information –
External Auditor/Accredited Tax Agent
All returns filed by an accredited tax agent on behalf
of a taxpayer shall bear the following information:
A. For CPAs and others (individual practitioners
and members of GPPs);
Items 45 & 46: Name and Taxpayer
Identification Number (TIN);
Items 49-51: BIR Accreditation Number, Date of
Issuance, and Expiry Date.
B. For members of the Philippine Bar (i.e.
individual practitioners, members of GPPs);
Items 45 & 46: Name and Taxpayer
Identification Number (TIN);
Items 49-51: Attorney’s Roll Number or
Accreditation Number, Date of Issuance, and
Expiry Date.
SCHEDULES:
Schedules 1 - 3: List down the amounts sales/revenues/
receipts/ fees, cost of sales/revenue and other taxable
income not subjected to Final Tax (e.g. Interest
Income from affiliates, sale of scraps, etc.).
Schedule 4 Ordinary Allowable Itemized Deductions:
There shall be allowed as deduction from gross
income all the ordinary and necessary trade and
business expenses paid or incurred during the
taxable year in carrying on or which are directly
attributable to the development, management,
operation and/or conduct of the trade and business.
Itemized deduction includes also interest, taxes,
losses, bad debts, depreciation, depletion, charitable
and other contributions, research and development
and pension trust.
Schedule 5 Special Allowable Itemized Deductions:
These refer to special allowable deductions from
gross income in computing taxable income, in
addition to the regular allowable itemized deduction,
as provided under the existing regular and special
laws, rules and issuances such as, but not limited to:
Rooming-in and Breast-feeding Practices under R.A.
7600, Adopt-A-School Program under R.A. 8525,
Free Legal Assistance under R.A. 9999, etc.
Schedule 6 Reconciliation of Net Income per Books
Against Taxable Income: Indicate all the
reconciling items to be added or subtracted from the
net income reported in the financial statements to
arrive at the taxable income reported in the income
tax return. Fill up the non-deductible expenses such
as: allowance for bad debts not actually written off,
amortization and others which are not deductible for
taxation purposes. Also, add other taxable income
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
4
BIR Form No. 1702-RT (page 6 of 6)
such as: recovery of bad debts previously written off,
adjustment to retained earnings, and other
adjustments that are considered as income for tax
purposes. (Provide additional sheet/s, if necessary.)
Schedule 7 Balance Sheet: Indicate the amounts as
shown in the Audited Financial Statements.
Schedule 8 Stockholders/Partners/Members
Information: Indicate only the Top 20 stockholders,
partners or members showing the Registered Name,
TIN, amount of capital contribution and the
percentage to the total ownership/equity.
Schedule 9 Supplemental Information: Indicate gross
income subject to final tax; sale/exchange of real
property; sale/exchange of shares of stocks; other
income and the corresponding final withholding tax,
if applicable.
Schedule 10 Gross Income/Receipts Exempt from
Income Tax: Indicate personal/real properties
received thru gifts, bequests, and devises; and other
exempt income and receipts under Sec. 32(B) of the
NIRC, as amended.
REQUIRED ATTACHMENTS
1. Certificate of independent CPA duly accredited by the
BIR (The CPA Certificate is required if the gross
quarterly sales, earnings, receipts or output exceed
P150,000).
2. Account Information Form (AIF) and/or Financial
Statements (FS), including the following schedules
prescribed under existing revenue issuances which
must form part of the Notes to the Audited FS:
a. Taxes and Licenses
b. Other information prescribed to be disclosed in
the notes to FS
3. Statement of Management’s Responsibility (SMR)
for Annual Income Tax Return.
4. Certificate of Income Payments not subjected to
Withholding Tax (BIR Form No. 2304)
5. Certificate of Creditable Tax Withheld at Source
(BIR Form No. 2307).
6. Duly approved Tax Debit Memo, if applicable.
7. Proof of prior years' excess credits, if applicable.
8. Proof of Foreign Tax Credits, if applicable.
9. For amended return, proof of tax payment and the
return previously filed.
10. Summary Alphalist of Withholding Agents of
Income Payments Subjected to Withholding Tax at
Source (SAWT), if applicable.
11. Proof of other tax payment/credit, if applicable.
12. Schedule of returns filed by General Professional
Partnership.
REGISTERED NAME
(Partner) TIN REGISTERED
ADDRESS
DISTRIBUTIVE SHARE RECEIVED BY EACH PARTNER FOR THE
TAXABLE YEAR
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
1
BIR Form No. 1702-RT (page 6 of 6)
For Corporation, Partnership and Other Non-Individual Taxpayer with Mixed Income Subject to MULTIPLE INCOME TAX RATES
These instructions are designed to assist tax filers, or their
representatives, with the preparation of the annual income tax
return (ITR). If there are questions which are not adequately
covered, please consult the local BIR office. If there appears
to be any discrepancies between these instructions and the
applicable laws and regulations, the laws and regulations take
precedence.
What Form to Use:
BIR Form No.
Description
1702-RT Corporation, Partnership and other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate
1702-EX
Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax
Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other Special Laws, with NO Other Taxable Income
1702-MX
Annual Income Tax Return For Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/ PREFERENTIAL RATE
Who Shall File BIR Form No. 1702-MX
This return shall be filed by every Corporation,
Partnership and Other Non-Individual Taxpayer with MIXED
Income subject to MULTIPLE INCOME TAX RATES or
with income subject to SPECIAL/PREFERENTIAL
RATE.
The return shall be filed by the president, vice-president
or other principal officer, and shall be sworn to by such officer
and by the treasurer or assistant treasurer.
When and Where to File and Pay
1) For Electronic Filing and Payment System (eFPS)
Taxpayer: The return shall be e-filed and the tax shall be
e-paid on or before the 15th day of the fourth month
following the close of the taxpayer’s taxable year using the
eFPS facilities thru the BIR website www.bir.gov.ph.
2) For Non-Electronic Filing and Payment System (Non-
eFPS) Taxpayer: The return shall be filed and the tax shall
be paid on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year with any
Authorized Agent Bank (AAB) located within the territorial
jurisdiction of the Revenue District Office (RDO) where the
taxpayer’s principal office is registered. In places where
there are no AABs, the return shall be filed and the tax shall
be paid with the concerned Revenue Collection Officer
(RCO) under the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic format
under “eBIRForms” (refer to www.bir.gov.ph) for the
preparation, generation and submission and/or payment of
this return with greater ease and accuracy, upon availability
of the same in the system.
For NO PAYMENT RETURN: The return shall be filed with
the RDO where the taxpayer’s principal office is registered or
with the concerned RCO under the same RDO on or before the
15th day of the fourth month following the close of the
taxpayer's taxable year.
How to Accomplish the Form
1. Enter all required information in CAPITAL LETTERS
using BLACK INK. Mark applicable boxes with an “X”.
Two copies MUST be filed with the BIR and one held by
the taxpayer.
2. Indicate TIN and registered name on each page;
3. For all questions wherein an appropriate box is provided
for a possible answer, mark the applicable box
corresponding to the chosen answer with an “X”;
4. Required information wherein the space provided has a
letter separator, the same must be supplied with CAPITAL
LETTERS where each character (including comma or
period) shall occupy one box and leave one space blank for
every word. However, if the word is followed by a comma
or period, there is no need to leave blank after the comma
or period. Do NOT write “NONE” or make any other
marks in the box/es; and
5. Accomplish first the applicable schedules
before accomplishing Parts II to V.
This return is divided into Parts I to VIII with
accompanying Schedules 1 to 14. Individual instructions as
to the source of the information and the necessary
calculations are provided on each line item.
PART NO. PARTS
PAGE NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Basis of Tax Relief 2
V Computation of Amount Payable per Tax Regime
2
VI Information – External Auditor/Accredited Tax Agent 2
VII Schedules 1- 14 3-14
VIII
Mandatory Attachments per Activity- Use this if there are MORE THAN ONE Exempt and/or SPECIAL Tax Regime. Accomplish as many Part VIII as there are activities/programs per tax regime. Consolidate the amounts of all Mandatory Attachments PER TAX REGIME and reflect the same to the corresponding schedules and columns under Schedules 1-8 of Part VII.
1m to 4m
SCHED
NO. SCHEDULES PAGE NO.
1 Computation of Tax per Regime 3
2 Tax Relief Availment 3
3 Sales/Revenues/Receipts/Fees 4
3A Cost of Sales (For those Engaged in Trading) 4
3B Cost of Sales (For those Engaged in Manufacturing)
4
3C Cost of Services 4
4 Other Taxable Income Not Subjected to Final Tax
5
5 Ordinary Allowable Itemized Deductions 5-6
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
2
BIR Form No. 1702-RT (page 6 of 6)
SCHEDNO. SCHEDULES
PAGE NO.
6 Special Allowable Itemized Deductions 6
7 Computation of Net Operating Loss Carry Over (NOLCO)
6
8 Tax Credits/Payments-Attach proof 6
9 Computation of Minimum Corporate Income Tax (MCIT)
7
10 Reconciliation of Net Income per Books Against Taxable Income
7
11 Balance Sheet 8
12 Stockholders/Partners/Members Information 8
13 Supplemental Information 9
14 Gross Income/Receipts Exempt from Income Tax
9
For Items 1 to 5
Item 1 Mark the applicable box with an “X”. This refers to the
accounting period (Fiscal or Calendar year) upon the basis
of which the net income is computed by the tax filer.
Item 2 Indicate the taxable year ended covered by the return
being filed.
Item 3 Choose “Yes” if the tax return is one amending previous
return filed, “No” if not.
Item 4 Choose “Yes” if the return is made for a fractional part
of a year (e.g. commencement, retirement or change in
accounting period).
Item 5 Indicate the appropriate ATC as shown in the Certificate
of Registration (BIR Form No. 2303). If subject to
Minimum Corporate Income Tax (MCIT) for this taxable
period, mark the applicable box with an “X”.
Part I (Items 6-15) Background Information
Item 6 Taxpayer Identification Number (TIN): Enter the
TIN for the corporation, partnership or other non-
individual taxpayer.
Item 7 RDO Code: Enter the appropriate code for the RDO
per filed BIR Form Nos. 1903/2305.
Item 8 Date of Incorporation/Organization: Enter the date as
shown in BIR Form No. 2303. It is the date when the
corporation has been incorporated as per Certificate of
Registration issued by the Securities and Exchange
Commission (SEC)/other regulatory agencies like the
Cooperative Development Authority, National
Electrification Authority, etc.
Item 9 Registered Name: Enter taxpayer’s name as it was
entered on BIR Form No. 2303 (Certificate of
Registration). Item 10 Registered Address: Enter Registered Address as
indicated in BIR Form No. 2303. If taxpayer has moved
since the previous filing and has NOT updated the
registration, the taxpayer must update the registration by
filing BIR Form No. 1905.
Item 13 Main Line of Business: Indicate the nature of the
main line of business the company is engaged in per BIR
Form No. 2303.
Item 14 PSIC Code: Philippine Standard Industrial
Classification (PSIC) Code: Refer to www.bir.gov.ph
for the applicable PSIC or visit the local BIR Office.
Item 15 Method of Deduction: Itemized Deduction under
Section 34(A-J), NIRC, as amended.
Part II (Items 16-21) Total Tax Payable
Accomplish first Part V – Computation of Amount
Payable per Tax Regime on page 2 and other schedules before
accomplishing these items. Then transfer the applicable
information from Part V to each of the items in Part II.
Individual instructions as to the source of the information and
the necessary calculations are provided on each line item.
Signatory Lines: When all the pages of the return are complete,
sign the return in the place indicated, enter the number of
pages filed. In Items 22-25, provide the required information
and its details.
Part III (Items 26-29) Details of Payment
Enter the information required and then file the original
ITR plus two (2) copies to any AAB within the RDO where
registered. Refer to www.bir.gov.ph for the applicable AAB or
visit the local BIR Office. For no payment returns, proceed with
filing the ITR with the RDO where the tax filer is registered or
the concerned RCO under the same RDO.
Part IV (Items 30-36) – Basis of Tax Relief:
If there is only one activity/program per tax regime
(exempt and/or special rate) fill up the required information in
the applicable columns of Items 31 to 36.
If the taxpayer has more than one activities/programs per
tax regime (exempt and/or special), put an “X” in the box in
item 30 and accomplish only column C of Items 31 to 36
(Special Tax Relief under Regular/Normal Rate). Additionally,
accomplish for each and every registered activity/program Part
VIII-Mandatory Attachments per Activity. Thus, there shall be
as many Part VIII-Mandatory Attachments per Activity, as
necessary.
Part V (Items 37-44) Computation of Amount
Payable per Tax Regime
Complete first the appropriate schedules and then transfer
the applicable amounts as instructed. Make the necessary
calculations as directed and enter the totals.
If the amount of centavos is 49 or less, drop down the
centavos (e.g., P100.49 = P100.00). If the amount is 50
centavos or more, round up to the next peso (e.g., P 100.50 =
P 101.00).
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
3
BIR Form No. 1702-RT (page 6 of 6)
Penalties shall be imposed and
collected as part of the tax.
Item 40 A surcharge of twenty five percent (25%) for each of
the following violations:
1. Failure to file any return and pay the amount of tax or
installment due on or before the due date;
2. Unless otherwise authorized by the Commissioner, filing a
return with a person or office other than those with whom
it is required to be filed;
3. Failure to pay the full or part of the amount of tax shown
on the return, or the full amount of tax due for which no
return is required to be filed on or before the due date;
4. Failure to pay the deficiency tax within the time prescribed
for its payment in the notice of assessment.
A surcharge of fifty percent (50%) of the tax or of the
deficiency tax shall be imposed in case of willful neglect to file
the return within the period prescribed by the Tax Code and/or
by rules and regulations or in case a false or fraudulent return
is filed.
Item 41 Interest at the rate of twenty percent (20%) per annum,
or such higher rate as may be prescribed by rules and
regulations, on any unpaid amount of tax, from the date
prescribed for the payment until it is fully paid.
Item 42 Compromise penalty pursuant to existing/applicable
revenue issuances.
Part VI (Items 45-51) – Information – External
Auditor/Accredited Tax Agent
1) All returns filed by an accredited tax agent on behalf of a
taxpayer shall bear the following information:
a) For CPAs and others (individual practitioners and
members of GPPs);
Items 45 & 46: Name and Taxpayer Identification
Number (TIN);
Items 49-51: BIR Accreditation Number, Date of
Issuance, and Expiry Date.
b) For members of the Philippine Bar (i.e. individual
practitioners, members of GPPs);
Items 45 & 46: Name and Taxpayer Identification
Number (TIN);
Items 49-51: Attorney’s Roll Number or Accreditation
Number, Date of Issuance, and Expiry Date.
Part VII – Schedules
Start filling-up column C for the transactions subject to
Regular Tax Rate, if any.
If there is only one activity/program per tax
regime (exempt and/or special rate) accomplish
columns A and/or B.
If there are more than one activities/programs
per tax regime (exempt and/or special rate),
accomplish columns A and/or B only after accomplishing
Part VIII-Schedules per Tax Regime. Accomplish as
many Part VIII as there are activities/programs per tax
regime. Consolidate the amounts PER TAX REGIME
under EXEMPT and/or SPECIAL from all of Part VIII-
Mandatory Attachments which shall be reflected in
columns A and/or B corresponding to the appropriate
schedules and columns (Total Exempt/Total Special)
under Schedules 1-8 of Part VII.
Example: EXEMPT
SPECIAL
Finally, transfer the applicable Items in Part VII to
Part II.
Schedule 1 (Items 1-17) Computation of Tax per Tax
Regime: Accomplish first the applicable schedules before
accomplishing these items. Follow the necessary
calculations as provided on each line item.
Schedule 2 (Items 1-7) – Tax Relief Availment: Taxpayer
availing of any tax relief under the Tax Code must
completely fill-up Items 1-7.
For ECOZONES: Gross income shall refer to gross sales
or gross revenue derived from registered business activity
within the zone, net of sales discounts, sales returns and
allowances minus cost of sales or direct costs but before any
deductions for administrative, marketing, selling, operating
expenses or incidental losses during a given taxable period.
For BCDA: Gross income shall refer to gross sales or
gross revenue derived from registered business activity within
the zone, net of sales discounts, sales returns and allowances
minus cost of sales or direct costs but before any deductions for
administrative, marketing, selling, operating expenses or
incidental losses during a given taxable period. For financial
enterprises, gross income shall include interest income, gains
from sales and other income net of costs of funds.
Item 6: Special Tax Credit refer to tax credits allowed under
special laws, rules and issuances.
Schedule 5 Ordinary Allowable Itemized Deductions
(Attach additional sheets, if necessary): Corporation,
Partnership and Other Non-Individual with Mixed
Income Subject to Multiple Income Tax Rates or with
Income Subject to Special/Preferential Rate are
mandated to use the itemized deduction. However, the
use of itemized deductions shall not apply to juridical
entities not allowed to claim any deductions (e.g., non-
resident foreign international carriers).
There shall be allowed as deduction from gross
income all the ordinary and necessary trade and business
expenses paid or incurred during the taxable year in
carrying on or which are directly attributable to the
Part VIII
EXEMPT
Activity 1
Schedule B
Part VIII
EXEMPT
Activity 2
Schedule B
Part VIII
SPECIAL
Activity 1
Schedule B
Part VIII
SPECIAL
Activity 2
Schedule B
Consolidate
Part VII
Schedule 1
Column A
Part VII
Schedule 1
Column B
Consolidate
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
4
BIR Form No. 1702-RT (page 6 of 6)
development, management, operation and/or conduct of the
trade and business. Itemized deduction also includes
interest, taxes, losses, bad debts, depreciation, depletion,
charitable and other contributions, research and
development and pension trust.
Schedule 6 Special Allowable Itemized Deductions: These
refer to special allowable deductions from gross income in
computing taxable income, in addition to the regular
allowable itemized deduction, as provided under the existing
regular and special laws, rules and issuances such as, but not
limited to: Rooming-in and Breast-feeding Practices under
R.A. 7600, Adopt-A-School Program under R.A. 8525, Free
Legal Assistance under R.A. 9999, etc.
Schedule 7 Computation of Net Operating Loss Carry Over
(NOLCO): Detailing the computation of available
NOLCO (applied, unapplied and expired portion). Only
net operating losses incurred by the qualified taxpayer
may be carried over to the three (3) immediately
succeeding taxable years following the year of such loss.
Schedule 8 Tax Credits/Payments: Indicate claimed Tax
Credits/Payments and attach necessary proof.
Schedule 9 Computation of Minimum Corporate Income
Tax (MCIT): MCIT of two percent (2%) of the gross
income is imposed upon any domestic corporation and
resident foreign corporation beginning on the fourth (4th)
taxable year (whether calendar or fiscal year, depending on the
accounting period employed) immediately following the
taxable year in which such corporation commenced its
business operation. The MCIT shall be imposed whenever the
corporation has zero or negative taxable income or whenever
the amount of minimum corporate income tax is greater than
the normal income tax due from such corporation. Any excess
of the MCIT over the normal income tax shall be carried
forward and credited against the normal income tax for the
three (3) immediate succeeding taxable years. The
computation and the payment of MCIT shall apply each time
a corporate income tax return is filed, whether quarterly or
annual basis.
Schedule 10 Reconciliation of Net Income per Books
Against Taxable Income: Indicate all the reconciling
items to be added or subtracted from the net income
reported in the financial statements to arrive at the taxable
income reported in the income tax return. Fill-up the non-
deductible expenses such as: allowance for bad debts not
actually written off, amortization and others which are not
deductible for taxation purposes. Also, add other taxable
income such as: recovery of bad debts previously written
off, adjustment to retained earnings, and other
adjustments that are considered as income for tax
purposes. (Provide additional sheet/s, if necessary.)
Schedule 11 Balance Sheet: Indicate the amounts as shown in
the Audited Financial Statements.
Schedule 12 Stockholders/Partners/Members Information:
Indicate only the Top 20 stockholders, partners or
members showing the Registered Name, TIN, amount of
capital contribution and the percentage to the total
ownership/equity.
Schedule 13 Supplemental Information: Indicate gross
income subject to final tax: sale/exchange of real property;
sale/exchange of shares of stocks; other income and the
corresponding final withholding tax, if applicable.
Schedule 14 Gross Income/Receipts Exempt from Income
Tax: Indicate personal/real properties received thru gifts,
bequests, and devises; and other exempt income and
receipts under Sec. 32(B) of the NIRC, as amended.
Part VIII MANDATORY ATTACHMENTS
PER ACTIVITY (Schedules per Tax Regime):
Use as many Part VIII - Mandatory Attachments per
Activity, as necessary, if there are more than one
activities/programs under EXEMPT and/or SPECIAL Tax
Regime. Accomplish as many Part VIII as there are
activities/programs per tax regime. Consolidate the
amounts of all Mandatory Attachments PER TAX REGIME
and reflect the same to the corresponding schedules and
columns under Schedules 1-8 of Part VII.
REQUIRED ATTACHMENTS
1. Certificate of independent CPA duly accredited by the BIR
(The CPA Certificate is required if the gross quarterly
sales, earnings, receipts or output exceed P 150,000).
2. Account Information Form (AIF) and/or Financial
Statements (FS), including the following schedules
prescribed under existing revenue issuances which must
form part of the Notes to the Audited FS:
a. Taxes and Licenses
b. Other information prescribed to be disclosed in the
notes to FS
3. Statement of Management’s Responsibility (SMR) for
Annual Income Tax Return.
4. Certificate of Income Payments not subjected to
Withholding Tax (BIR Form No. 2304)
5. Certificate of Creditable Tax Withheld at Source (BIR
Form No. 2307).
6. Duly approved Tax Debit Memo, if applicable.
7. Proof of prior years' excess credits, if applicable.
8. Proof of Foreign Tax Credits, if applicable.
9. For amended return, proof of tax payment and the return
previously filed.
10. Certificate of Tax Treaty Relief/Entitlement issued by the
concerned Investment Promotion Agency (IPA)
11. Summary Alpha list of Withholding Agents of Income
Payments Subjected to Withholding Tax at Source
(SAWT), if applicable.
12. Proof of other tax payment/credit, if applicable.
Annual Income Tax Return Part VIII-Mandatory Attachments Per Activity
Page 1m - Schedules A, B & C
BIR Form No.
1702-MX June 2013
1702-MX06/13P1m
TIN Registered Name
0 0 0 0
Mark "X" the applicable Tax Regime Exempt Special Rate Use as many Mandatory Attachments per Activity - Part VIII as necessary, if there are more than one activities/programs under EXEMPT
and/or SPECIAL Tax Regimes. Consolidate the amounts of all Mandatory Attachments PER TAX REGIME and reflect the same to the corresponding schedules and columns under Schedules 1 to 8 of Part VII.
Part VIII – Mandatory Attachments Per Activity (Schedules Per Tax Regime)
Schedule A - Taxpayer's Activity Profile for Tax Relief Under Special Law/International Tax Treaty (Accomplish the Mandatory Attachments for each of activity, as applicable)
1 Investment Promotion Agency (IPA) /Government Entity
2 Legal Basis
3 Registered Activity/Program (Registration No)
4 Special Tax Rate .
%
5 Effectivity Date of Tax Relief/Exemption(From) / /
6 Expiration Date of Tax Relief/Exemption(To) /
/
Schedule B – Computation of Income Tax
1 Net Sales/Revenues/Receipts/Fees (From Schedule D Item 6) (To Part VII Schedule 1 Item 1)
2 Less: Cost of Sales/Services (From Schedule E Item 27) (To Part VII Schedule 1 Item 2)
3 Gross Income from Operations (Item 1 Less Item 2) (To Part VII Schedule 1 Item 3)
4 Add: Other Taxable Income Not Subjected to Final Tax (From Schedule F Item 4) (To Part VII Schedule 1 Item 4)
5 Total Gross Income (Sum of Items 3 & 4) (To Part VII Schedule 1 Item 5)
6 Ordinary Allowable Itemized Deductions (From Schedule G Item 40) (To Part VII Schedule 1 Item 6)
7 Special Allowable Itemized Deductions (From Schedule H Item 5) (To Part VII Schedule 1 Item 7)
8 NOLCO [only for those taxable under Sec. 27(A to C); Sec. 28(A)(1) & (A)(6)(b) of the Tax Code]
(From Schedule I Item 8D) and (To Part VII Sched. 1 Item 8)
9 Total Itemized Deductions (Sum of Items 6 to 8) (To Part VII Schedule 1 Item 9)
10 Net Taxable Income / Net Income (Item 5 Less Item 9) (To Part VII Schedule 1 Item 10)
11 Applicable Income Tax Rate (i.e., Special/ Preferential rate) . % 12 Total Income Tax Due (Item 5 OR Item 10 X Item 11) (To Part VII Schedule 1 Item 12)
Schedule C – Tax Relief Availment
1 Tax Relief on Net Income (Schedule B Item 10 X 30%)
2 Tax Relief on Special Allowable Itemized Deductions (Schedule H Item 5 X 30%)
3 Sub Total – Tax Relief (Sum of Items 1 & 2)
4 Less: Income Tax Due (Schedule B Item 11)
5 Tax Relief Availment Before Special Tax Credits (Item 3 Less Item 4)
6 Add: Special Tax Credits, if any (From Schedule I Item 10)
7 Total Tax Relief Availment (Sum of Items 5 & 6)
Annual Income Tax Return Part VIII-Mandatory Attachments
Per Activity Page 2m – Schedules D & E
BIR Form No.
1702-MX June 2013
1702-MX06/13P2m
TIN Registered Name
0 0 0 0
Schedule D - Sales/Revenues/Receipts/Fees (Attach additional sheet/s, if necessary)
1 Sale of Goods/Properties
2 Sale of Services
3 Lease of Properties
4 Total (Sum of Items 1 to 3)
5 Less: Sales Returns/Discounts
6 Net Sales/Revenues/Receipts/Fees (Item 4 Less Item 5) (To Schedule B Item 1)
Schedule E1 - Cost of Sales (For those engaged in Trading) (Attach additional sheet/s, if necessary)
1 Merchandise Inventory, Beginning
2 Add: Purchases of Merchandise
3 Total Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise Inventory, Ending
5 Cost of Sales (Item 3 Less Item 4) (To Item 27)
Schedule E2 - Cost of Sales (For those engaged in Manufacturing) (Attach additional sheet/s, if necessary)
6 Direct Materials, Beginning
7 Add: Purchases
8 Materials Available for Use (Sum of Items 6 &7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10, 11 & 12)
14 Work in Process, Beginning
15 Less: Work in Process, End
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Finished Goods, Beginning
18 Less: Finished Goods, End
19 Cost of Goods Manufactured and Sold (Sum of Items 16 & 17 Less Item 18) (To Item 27)
Schedule E3 - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross revenue from rendition of service)
20 Direct Charges - Salaries, Wages and Benefits
21 Direct Charges - Materials, Supplies and Facilities
22 Direct Charges - Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Total Cost of Services (Sum of Items 20 to 25) (To Item 27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Schedule B Item 2)
Annual Income Tax Return Part VIII-Mandatory Attachments
Per Activity Page 3m – Schedules F & G
BIR Form No.
1702-MX June 2013
1702-MX06/13P3m
TIN Registered Name
0 0 0 0
Schedule F - Other Taxable Income Not Subjected to Final Tax (Attach additional sheet/s, if necessary)
1
2
3
4 Total Other Taxable Income not Subjected to Final Tax (Sum of Items 1 to 3) (To Schedule B Item 4)
Schedule G - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance – Labor or Labor & Materials
25 Repairs and Maintenance – Materials/Supplies
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
Annual Income Tax Return Part VIII- Mandatory Attachments
Per Activity Page 4m – Schedules G, H, & I
BIR Form No.
1702-MX June 2013
1702-MX06/13P4m
TIN Registered Name
0 0 0 0
Schedule G - Ordinary Allowable Itemized Deductions (Continued from Previous Page)
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others [Specify below; Add additional sheet(s) If necessary]
36
37
38
39
40 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 39) (To Schedule B Item 6)
Schedule H - Special Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description Legal Basis
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Schedule B Item 7)
Schedule I - Computation of Net Operating Loss Carry Over (NOLCO) [only for those taxable under Sec. 27(AtoC); Sec. 28(A) (A)(1) & (A)(6)(b)]
1 Gross Income
2 Less: Total Deductions Exclusive of NOLCO & Deduction Under Special Law
3 Net Operating Loss (Item 1 Less Item 2) (To Part VIII Schedule IA below)
Schedule I A - Computation of Available Net Operating Loss Carry Over (NOLCO)
Net Operating Loss B) NOLCO Applied Previous Year
Year Incurred A) Amount
4
5
6
7
Continuation of Schedule I A (Item numbers continue from table above)
C) NOLCO Expired D) NOLCO Applied Current Year E) Net Operating Loss (Unapplied)
4
5
6
7
8 Total NOLCO (Sum of Items 4D to 7D) (To Part VIII Schedule B Item 8)
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
1
BIR Form No. 1702-RT (page 6 of 6)
For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR INCOME TAX RATE
These instructions are designed to assist tax filers, or
their representatives, with the preparation of the annual
income tax return (ITR). If there are questions which are
not adequately covered, please consult the local BIR
office. If there appears to be any discrepancies between
these instructions and the applicable laws and regulations,
the laws and regulations take precedence.
What Form to Use:
BIR Form No.
Description
1702-RT Corporation, Partnership and other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate
1702-EX
Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other Special Laws, with NO Other Taxable Income
1702-MX
For Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/ PREFERENTIAL RATE
Who Shall File BIR Form No. 1702-RT
This return shall be filed by Corporation,
Partnership and other Non-Individual Taxpayer Subject
Only to REGULAR Income Tax Rate of 30%. Every
corporation, partnership no matter how created or
organized, joint stock companies, joint accounts,
associations (except foreign corporation not engaged in
trade or business in the Philippines and joint venture or
consortium formed for the purpose of undertaking
construction projects or engaging in petroleum, coal,
geothermal and other energy operations), government-
owned or controlled corporations, agencies and
instrumentalities shall render a true and accurate income tax
return in accordance with the provisions of the Tax Code.
The return shall be filed by the president, vice-president or
other principal officer, and shall be sworn to by such officer
and by the treasurer or assistant treasurer.
When and Where to File and Pay
1) For Electronic Filing and Payment System (eFPS)
Taxpayer: The return shall be e-filed and the tax shall
be e-paid on or before the 15th day of the fourth month
following the close of the taxpayer’s taxable year
using the eFPS facilities thru the BIR website
www.bir.gov.ph.
2) For Non-Electronic Filing and Payment System
(Non-eFPS) Taxpayer: The return shall be filed and the
tax shall be paid on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year with any
Authorized Agent Bank (AAB) located within the territorial
jurisdiction of the Revenue District Office (RDO) where the
taxpayer’s principal office is registered. In places where there
are no AABs, the return shall be filed and the tax shall be paid
with the concerned Revenue Collection Officer (RCO) under
the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic
format under “eBIRForms” (refer to
www.bir.gov.ph) for the preparation, generation and
submission and/or payment of this return with greater
ease and accuracy, upon availability of the same
in the system.
For NO PAYMENT RETURN: The return shall be filed
with the RDO where the taxpayer’s principal office is
registered or with the concerned RCO under the same
RDO on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year.
How to Accomplish the Form
1. Enter all required information in CAPITAL
LETTERS using BLACK INK. Mark applicable
boxes with an “X”. Two copies MUST be filed with
the BIR and one held by the taxpayer.
2. Indicate TIN and registered name on each page;
3. For all questions wherein an appropriate box is
provided for a possible answer, mark the applicable
box corresponding to the chosen answer with an “X”;
4. Required information wherein the space provided has
a letter separator, the same must be supplied with
CAPITAL LETTERS where each character
(including comma or period) shall occupy one box
and leave one space blank for every word. However,
if the word is followed by a comma or period, there
is no need to leave blank after the comma or period.
Do NOT write “NONE” or make any other marks in
the box/es; and
5. Accomplish first the applicable schedules before
accomplishing Parts II to V.
This return is divided into Parts I to VI with accompanying
Schedules 1 to 13. Individual instructions as to the source
of the information and the necessary calculations are
provided on each line item.
PART NO. PARTS
PAGE NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Computation of Tax 2
V Tax Relief Availment 2
VI Information – External Auditor/Accredited Tax Agent
2
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
2
BIR Form No. 1702-RT (page 6 of 6)
SCHED
NO. SCHEDULES PAGE NO.
1 Sales/Revenues/Receipts/Fees 3
2A Cost of Sales (For those Engaged in Trading) 3
2B Cost of Sales (For those Engaged in
Manufacturing) 3
2C Cost of Services 3
3 Other Taxable Income Not Subjected to Final Tax
4
4 Ordinary Allowable Itemized Deductions 4-5
5 Special Allowable Itemized Deductions 5
6 Computation of Net Operating Loss Carry Over (NOLCO)
5
7 Tax Credits/Payments-Attach proof 6
8 Computation of Minimum Corporate Income Tax (MCIT)
6
9 Reconciliation of Net Income per Books Against Taxable Income
6
10 Balance Sheet 7
11 Stockholders/Partners/Members Information
7
12 Supplemental Information 8
13 Gross Income/Receipts Exempt from Income Tax
8
For Items 1 to 5
Item 1 Mark the applicable box with an “X”. This refers
to the accounting period (Fiscal or Calendar year)
upon the basis of which the annual income tax return
is being accomplished;
Item 2 Indicate the taxable year ended covered by the
return being filed;
Item 3 Choose “Yes” if the tax return is one amending
previous return filed, “No” if not;
Item 4 Choose “Yes” if the return is made for a fractional
part of a year (e.g. commencement, retirement or
change in accounting period).
Item 5 Indicate the appropriate ATC as shown in the
Certificate of Registration (BIR Form No. 2303). If
subject to Minimum Corporate Income Tax (MCIT)
for this taxable period, mark the applicable box with
an “X”.
Part I (Items 6-15) Background Information
Item 6 Taxpayer Identification Number (TIN): Enter
the TIN for the corporation, partnership or other
non-individual taxpayer.
Item 7 RDO Code: Enter the appropriate code for the
RDO per BIR Form Nos.1903/2303.
Item 8 Date of Incorporation/Organization: Enter the
date as shown in BIR Form No. 2303. It is the date
when the corporation has been incorporated as per
Certificate of Registration issued by the Securities and
Exchange Commission (SEC)/other regulatory
agencies like the Cooperative Development
Authority, National Electrification Authority, etc.
Item 9 Registered Name: Enter the name as it was
entered on the Certificate of Registration (BIR Form
No. 2303).
Item 10 Registered Address: Enter Registered Address
as indicated in the BIR Form No. 2303. If taxpayer
has moved since the previous filing and has NOT
updated the registration, the taxpayer must update its
registration by filing BIR Form No. 1905.
Item 13 Main Line of Business: Indicate the nature of
the main line of business the company is engaged in
per BIR Form No. 2303.
Item 14 PSIC Code: Philippine Standard Industrial
Classification (PSIC) Code: Refer to
www.bir.gov.ph for the applicable PSIC or visit the
local BIR Office.
Item 15 Method of Deduction: Choose either Itemized
Deduction under Section 34(A-J), NIRC, as
amended, or Optional Standard Deduction (OSD)
which is 40% of Gross Income under Section 34(L),
NIRC, as amended by RA 9504. The chosen method
of deduction used in the first quarter of the year shall
be irrevocable and consistently applied throughout
the year.
Part II (Items 16-21) Total Tax Payable
Accomplish first Part IV – Computation of Tax on
page 2 and other schedules before accomplishing these
items. Then transfer the applicable information from Part
IV to each of the items. Individual instructions as to the
source of the information and the necessary
calculations are provided on each line item.
Signatory Lines: When all pages of the return are
complete, sign the return in the place indicated, enter
the number of pages filed. In Items 23-26, provide
the required information and its details.
Part III (Items 26-29) Details of Payment
Enter the information required and then file the
original ITR plus two (2) copies to any AAB within the
RDO where registered. Refer to www.bir.gov.ph for the
applicable AAB or visit the local BIR Office. For no
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
3
BIR Form No. 1702-RT (page 6 of 6)
payment returns, proceed with filing the ITR with the
RDO where the tax filer is registered or the concerned
RCO under the same RDO.
Part IV (Items 30-51) Computation of Tax
Enter taxpayer’s TIN and Registered Name at the top
of this page and in all succeeding pages. The requirement
for entering centavos on the ITR has been eliminated. If the
amount of centavos is 49 or less, drop down the centavos
(e.g., P 100.49 = P 100.00). If the amount is 50 centavos or
more, round up to the next peso (e.g., P 100.50 = P 101.00).
Accomplish first Schedules 1 to 9 before transferring
these items to the applicable information required in
Part IV-Computation of Tax.
Item 41: The regular/normal rate of income tax is 30%
of net taxable income.
Penalties shall be imposed and collected as part of the tax:
Item 47: A surcharge of twenty five percent (25%) for
each of the following violations:
1. Failure to file any return and pay the amount of tax
or installment due on or before the due date;
2. Unless otherwise authorized by the Commissioner,
filing a return with a person or office other than those
with whom it is required to be filed;
3. Failure to pay the full or part of the amount of tax
shown on the return, or the full amount of tax due for
which no return is required to be filed on or before
the due date;
4. Failure to pay the deficiency tax within the time
prescribed for its payment in the notice of
assessment.
A surcharge of fifty percent (50%) of the tax or of
the deficiency tax shall be imposed in case of willful
neglect to file the return within the period prescribed by
the Tax Code and/or by rules and regulations or in case a
false or fraudulent return is filed.
Item 48: Interest at the rate of twenty percent (20%) per
annum, or such higher rate as may be
prescribed by rules and regulations, on any unpaid
amount of tax, from the date prescribed for the
payment until it is fully paid.
Item 49: Compromise penalty pursuant to existing/
applicable revenue issuances.
Part V (Items 52-54) Tax Relief Availment
Accomplish first Schedules 5 and 7 before entering
these items in Part V. Descriptions are defined in the
applicable schedules.
Part VI (Items 55-61) Information – External
Auditor/Accredited Tax Agent:
All returns filed by an accredited tax agent on
behalf of a taxpayer shall bear the following
information:
A. For CPAs and others (individual practitioners and
members of GPPs);
Items 55 to 58: Name and TIN;
Items 59 to 61: BIR Accreditation Number, Date of
Issuance and Expiry Date.
B. For members of the Philippine Bar (i.e. individual
practitioners, members of GPPs);
Items 55 to 58: Name and TIN;
Items 59 to 61: Attorney’s Roll Number or
Accreditation Number, Date of Issuance, and
Expiry Date.
Schedules 1-3: List down the amounts of sales/ revenues/
receipts/ fees, cost of sales/revenue and other taxable
income not subjected to Final Tax (e.g. Interest
Income from affiliates, sale of scraps, etc.)
Schedule 4 Ordinary Allowable Itemized Deductions:
There shall be allowed as deduction from gross
income all the ordinary and necessary trade and
business expenses paid or incurred during the
taxable year in carrying on or which are directly
attributable to the development, management,
operation and/or conduct of the trade and business.
Itemized deduction also includes interest, taxes,
losses, bad debts, depreciation, depletion, charitable
and other contributions, research and development
and pension trust.
Schedule 5 Special Allowable Itemized Deductions:
These refer to special allowable deductions from
gross income in computing taxable income, in
addition to the regular allowable itemized
deduction, as provided under the existing regular and
special laws, rules and issuances such as, but not
limited to: Rooming-in and Breast-feeding Practices
under R.A. 7600, Adopt-A-School Program under
R.A. 8525, Free Legal Assistance under R.A. 9999,
etc.
Schedule 6 Computation of Net Operating Loss Carry
Over (NOLCO): Detailing the computation of
available NOLCO (applied, unapplied and expired
portion). Only net operating losses incurred by the
qualified taxpayer may be carried over to the three
(3) immediately succeeding taxable years following
the year of such loss.
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
4
BIR Form No. 1702-RT (page 6 of 6)
Schedule 7 Tax Credits/Payments: Indicate claimed
Tax Credits/Payments and attach necessary proof/s.
Schedule 8 Computation of Minimum Corporate
Income Tax (MCIT): MCIT of two percent (2%)
of the gross income is imposed upon any domestic
corporation and resident foreign corporation
beginning on the fourth (4th) taxable year (whether
calendar or fiscal year, depending on the
accounting period employed) immediately
following the taxable year in which such
corporation commenced its business operation. The
MCIT shall be imposed whenever the corporation
has zero or negative taxable income or whenever the
amount of minimum corporate income tax is greater
than the normal income tax due from such
corporation. Any excess of the MCIT over the
normal income tax shall be carried forward and
credited against the normal income tax for the three
(3) immediate succeeding taxable years. The
computation and the payment of MCIT shall apply
each time a corporate income tax return is filed,
whether quarterly or annual basis.
Schedule 9 Reconciliation of Net Income per Books
Against Taxable Income: Indicate all the
reconciling items to be added or subtracted from the
net income reported in the financial statements to
arrive at the taxable income reported in the income
tax return. Fill up the non-deductible expenses such
as: allowance for bad debts not actually written off,
amortization and others which are not deductible for
taxation purposes. Also, add other taxable income
such as: recovery of bad debts previously written off,
adjustment to retained earnings, and other
adjustments that are considered as income for tax
purposes. (Provide additional sheet/s, if necessary.)
Schedule 10 Balance Sheet: Indicate the amounts as
shown in the Audited Financial Statements.
Schedule 11 Stockholders / Partners / Members
Information: Indicate only the Top 20 stockholders,
partners or members showing the Registered Name,
TIN, amount of capital contribution and the
percentage to the total ownership/equity.
Schedule 12 Supplemental Information: Indicate gross
income subject to final tax: sale/ exchange of real
property; sale/exchange of shares of stocks; other
income and the corresponding final withholding tax,
if applicable.
Schedule 13 Gross Income/Receipts Exempt from
Income Tax: Indicate personal/real properties
received thru gifts, bequests, and devises; and other
exempt income and receipts under Sec. 32(B) of the
NIRC, as amended.
REQUIRED ATTACHMENTS
1. Certificate of independent CPA duly accredited by
the BIR (The CPA Certificate is required if the gross
quarterly sales, earnings, receipts or output exceed
P 150,000).
2. Account Information Form (AIF) and/or Financial
Statements (FS), including the following schedules
prescribed under existing revenue issuances which
must form part of the Notes to the audited FS:
a. Taxes and Licenses
b. Other information prescribed to be disclosed in
the notes to FS
3. Statement of Management’s Responsibility (SMR)
for Annual Income Tax Return.
4. Certificate of Income Payments not subjected to
Withholding Tax (BIR Form No. 2304)
5. Certificate of Creditable Tax Withheld at Source
(BIR Form No. 2307).
6. Duly approved Tax Debit Memo, if applicable.
7. Proof of prior years' excess credits, if applicable.
8. Proof of Foreign Tax Credits, if applicable.
9. For amended return, proof of tax payment and the
return previously filed.
10. Summary Alphalist of Withholding Agents of
Income Payments Subjected to Withholding Tax at
Source (SAWT), if applicable.
11. Proof of other tax payment/credit, if applicable.
ATC DESCRIPTION TAX
RATE TAX BASE
DOMESTIC CORPORATION
IC 010 1. a. In General 30 % Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2 % Gross Income
IC 030 2. a. Proprietary Educational Institution whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources.
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 031 3. a. Non-Stock, Non-Profit Hospitals whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources.
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 040 4. a. Government Owned & Controlled Corporations (GOCC), Agencies & Instrumentalities
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 041 5. a. National Government and Local Government Units (LGUs)
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 020 6. a. Taxable Partnership 30%
Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
RESIDENT FOREIGN CORPORATION
IC 070 1. a. In General 30 % Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2 % Gross Income
IC 190 Offshore Banking Units (OBUs)
1. a. Foreign Currency Transaction not subjected to Final tax
10 %
Gross Taxable Income on Foreign Currency Transactions not subjected to Final Tax
b. Other than Foreign Currency Transaction 30 % Taxable Income Other Than Foreign Currency Transaction
IC 191 Foreign Currency Deposit Units (FCDU)
1. a. Foreign Currency Transaction on not subjected to Final tax
10 %
Gross Taxable Income on Foreign Currency Transactions not subjected to Final Tax
b. Other than Foreign Currency Transaction 30 %
Taxable Income Other Than Foreign Currency Transaction
For BIR Use Only
BCS/ Item 170006/13ENCSP1
Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas
Annual Income Tax Return For Individuals Earning Purely Compensation Income
(Including Non-Business/Non-Profession Income) Enter all required information in CAPITAL LETTERS using BLACK Ink. Mark applicable
boxes with an “X”. Two copies MUST be filed with the BIR and one held by the Tax Filer.
BIR Form No.
1700 June 2013 (ENCS)
Page 1
1 For the Year
20 2 Amended Return?
Yes No 3 Joint Filing?
Yes No 4 Source of Compensation Other
Income Income II 011 Income II 041
Part I – Background Information on Tax Filer and Spouse 5 Taxpayer Identification
Number (TIN)
- - - 0 0 0 0 6 RDO Code
7 PSOC Code
8 Tax Filer’s Name (Last Name, First Name and Middle Initial. Enter only 1 letter per box using CAPITAL LETTERS)
9 Address (Indicate complete registered address; If address has changed, mark here and enter new address in Table 1)
10 Date of Birth (MM/DD/YYYY) 11 Email Address
/
/
12 Contact Number 13 Civil Status
Single Married Legally Separated Widow/er
14 Claiming Additional Exemptions? Yes No 15 If YES, enter number of Qualified Dependent Children (Enter information about Children on Table 2)
16 Spouse’s Name (Last Name, First Name and Middle Initial)
17 Spouse’s TIN
-
-
- 0 0 0 0
18 Contact Number
19 Date of Birth (MM/DD/YYYY) 20 Email Address
/
/
21 Claiming Additional Exemptions? Yes No 22 If YES, enter number of Qualified Dependent Children (Enter information about Children on Table 2)
Part II – Total Tax Payable (Do NOT enter Centavos)
23 Tax Filer’s Tax Due (From Part IV Item 14 Column A)
24 Spouse’s Tax Due (From Part IV Item 14 Column B)
25 Total Income Tax Due (Sum of Items 23 & 24)
26 Less: Tax Filer’s Tax Credits/Payments (From Part IV Item 19 Column A)
27 Spouse’s Tax Credits/Payments (From Part IV Item19 Column B)
28 Net Tax Payable (Overpayment) (Item 25 less Items 26 & 27)
29 Less: Portion of Tax Payable Allowed for 2nd Installment to be paid on or before July 15 (From Part IV Item 22)
30 Add: Total Penalties (From Part IV Item 27)
31 TOTAL AMOUNT PAYABLE Upon Filing (Overpayment) (Item 28 Less Item 29 Add Item 30)
I declare under the penalties of perjury, that this annual 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.(If Authorized Representative, attach authorization letter and indicate TIN.)
Number of pages filed Signature over printed name of Tax Filer or Authorized Representative
32 Gov’t Issued ID [e.g. Passport, Community Tax Certificate (CTC)] 33 Date of Issue (MM/DD/YYYY) 34 Amount, if CTC
/
/
35 Place of Issue
Part III – Details of Payment
36 Details of Payment Cash Check (Please indicate details below) Stamp of Receiving Office/AAB and Date of Receipt
(RO’s Signature/Bank Teller’s Initial) Drawee Bank/
Agency
Amount
Date (MM/DD/YYYY)
/
/
Number
Machine Validation/Revenue Official Receipt Details (if not filed with an Authorized Agent Bank)
Annual Income Tax Return
Part IV - Computation of Tax
BIR Form No.
1700 June 2013 (ENCS)
Page 2
170006/13ENCSP2
TIN Tax Filer’s Last Name
0 0 0 0
Gross Compensation Income and Tax Withheld (On Items 1, 2 & 3, enter the required information for each of your employers and mark whether the information is for the Tax Filer or the Spouse. Attach additional sheets, if necessary. On Item 4A, enter the Total Gross Compensation and Total Tax Withheld for the Tax Filer and on Item 4B, enter the appropriate information for the Spouse. DO NOT enter Centavos; 49 Centavos or less drop down; 50 or more round up)
1 Name of Employer
Tax Filer Spouse
Employer’s TIN Compensation Income Tax Withheld
2 Name of Employer
Tax Filer Spouse
Employer’s TIN Compensation Income Tax Withheld
3 Name of Employer
Tax Filer Spouse
Employer’s TIN Compensation Income Tax Withheld
4A Total Gross Compensation Income and Total Tax Withheld from the
above entries and any additional sheets attached for Tax Filer.
1. Total Compensation Income 2. Total Tax Withheld
4B Total Gross Compensation Income and Total Tax Withheld from the above entries and any additional sheets attached for Spouse.
1. Total Compensation Income 2. Total Tax Withheld
Computation of Gross Taxable Compensation A) Tax Filer B) Spouse
5 Non-Taxable/Exempt Income
6 Gross Taxable Compensation Income (Item 4A1 or 4B1 Less Item 5)
7 Premium on Health and/or Hospitalization Insurance (If any)
8 Personal Exemption
9 Additional Exemption
10 Total Deductions (Sum of Items 7, 8 & 9)
11 Net Taxable Compensation (Excess of Deductions) (Item 6 less Item 10)
12 Other Taxable Income (Non-Business/Non-Professional; Enter source below followed by total amount for Tax Filer and Spouse)
13 Total Taxable Income (Sum of Items 11 & 12)
14 Total Income Tax Due (Refer to Table 3–Tax Table) (To Part II Item 23 &/or 24)
Computation of Tax Credits/Payments (Attach Proof) A) Tax Filer B) Spouse
15 Tax Withheld per BIR Form No. 2316
16 Tax Paid in Return Previously Filed (If this is an amended Return)
17 Foreign Tax Credits, if applicable
18 Other Payments/Credits (Specify) _____________________
19 Total Tax Credits/Payments (Sum of Items 15 to 18) (To Part II Item 26 &/or 27)
20 Net Tax Payable (Overpayment) (Item 14 Less Item 19)
21 Net Tax Payable (Overpayment) for Tax Filer and Spouse (Sum of Items 20A & 20B)
22 Less: Portion of Tax Payable Allowed for 2nd Installment to be paid on or before July 15
(Not more than 50% of the sum of Items 14A & 14B)
23 Total Tax Payable (Overpayment) for Tax Filer & Spouse (Item 21 Less Item 22)
Add Penalties
24 Surcharge
25 Interest
26 Compromise
27 Total Penalties (Sum of Items 24 to 26) (To Part II Item 30)
28 Total Amount Payable Upon Filing (Overpayment) (Sum of Items 23 & 27) (To Part II Item 31)
(To Part II Item 29)
Annual Income Tax Return
Part V - Supplemental Information
BIR Form No.
1700 June 2013 (ENCS)
Page 3 170006/13ENCSP3
TIN Tax Filer’s Last Name
0 0 0 0
A - Gross Income/ Receipts Subjected to Final Withholding
I) Description Exempt A) Actual Amount/Fair Market
Value/Net Capital Gains B) Final Tax Withheld/Paid
1 Interests
2 Royalties
3 Dividends
4 Prizes and Winnings
5 Fringe Benefits
6 Compensation Subject to 15% Preferential Rate
II) Sale/Exchange of Real Properties A) Sale/Exchange #1 B) Sale/Exchange #2
7 Description of Property (e.g., land, improvement, etc.)
8 OCT/TCT/CCT/Tax Declaration No.
9 Certificate Authorizing Registration (CAR) No.
10 Actual Amount/Fair Market Value/Net Capital Gains
11 Final Tax Withheld/Paid
III) Sale/Exchange of Shares of Stock A) Sale/Exchange #1 B) Sale/Exchange #2
12 Kind (PS/CS) / Stock Certificate Series No. / /
13 Certificate Authorizing Registration (CAR) No.
14 Number of Shares
15 Date of Issue (MM/DD/YYYY) / / / /
16 Actual Amount/Fair Market Value/Net Capital Gains
17 Final Tax Withheld/Paid
IV) Other Income (Specify) A) Other Income #1 B) Other Income #2
18 Other Income Subject to Final Tax Under
Sec. 57(A)/127/Others of the Tax Code, as amended (Specify)
19 Actual Amount/Fair Market Value/Net Capital Gains
20 Final Tax Withheld/Paid
21 Total Final Tax Withheld/Paid (Sum of Items 1B to 6B, 11A, 11B,17A, 17B, 20A & 20B)
B - Gross Income/Receipts Exempt from Income Tax (Actual Amount/Fair Market Value)
1 Proceeds of Life Insurance Policy
2 Return of Premium
3 Retirement Benefits, Pensions, Gratuities, etc.
I) Personal/Real Properties Received thru Gifts, Bequests, and Devises
A) Personal/Real Properties #1 B) Personal/Real Properties #2
4 Description of Property (e.g., land, improvement, etc.)
5 Mode of Transfer (e.g. Donation)
6 Certificate Authorizing Registration (CAR) No.
7 Actual Amount/Fair Market Value
II) Other Exempt Income/Receipts A) Personal/Real Properties #1 B) Personal/Real Properties #2
8 Other Exempt Income/Receipts Under Sec. 32 (B) of the Tax Code, as amended (Specify)
9 Actual Amount/Fair Market Value/Net Capital Gains
10 Total Income/Receipts Exempt from Income Tax (Sum of Items 1 to 3, 7A, 7B, 9A & 9B)
Annual Income Tax Return
Other Information
BIR Form No.
1700 June 2013 (ENCS)
Page 4 170006/13ENCSP4
TIN Tax Filer’s Last Name
0 0 0 0
Table 1 - Current Address (Accomplish, if current address is different from registered address)
Unit/Room Number/Floor Building Name
Lot Number Block Number Phase Number House Number Street Name
Subdivision/Village Barangay
Municipality/City Province Zip Code
Table 2 - Qualified Dependent Children (If wife is claiming for additional exemption, please attach waiver of the husband)
Last Name First Name and Middle Initial Date of Birth
(MM / DD / YYYY)
Mark if Mentally/ Physically
Incapacitated
Table 3 - Tax Table
If Taxable Income is: Tax Due is: If Taxable Income is: Tax Due is:
Not over P 10,000 5%
Over P 10,000 but not over P 30,000
P 500 + 10% of the excess over P 10,000
Over P 140,000 but not over P 250,000
P 22,500 + 25% of the excess over P 140,000
Over P 30,000 but not over P 70,000
P 2,500 + 15% of the excess over P 30,000
Over P 250,000 but not over P 500,000
P 50,000 + 30% of the excess over P 250,000
Over P 70,000 but not over P 140,000
P 8,500 + 20% of the excess over P 70,000
Over P 500,000 P 125,000 + 32% of the excess
over P 500,000
For BIR Use Only
BCS/ Item 170106/13ENCSP1
Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas
Annual Income Tax Return For Self-Employed Individuals, Estates and Trusts
Enter all required information in CAPITAL LETTERS using BLACK ink. Mark applicable boxes with an “X”. Two copies MUST be filed with the BIR and one held by the Tax Filer.
BIR Form No.
1701 June 2013 (ENCS)
Page 1
1 For the Year (MM/20YY) /20
2 Amended Return?
Yes No 3 Short Period Return? Yes No
4 Alphanumeric Tax Code (ATC) II 011 Compensation Income II 012 Business Income / Income from Profession II 013 Mixed Income
Part I – Background Information on TAXPAYER/FILER
5 Taxpayer Identification Number (TIN)
-
-
- 0 0 0 0 6 RDO Code
7 Tax Filer Type
Single Proprietor Professional Estate Trust
8 Tax Filer’s Name (Last Name, First Name, Middle Name for Individual) / ESTATE of (First Name, Middle Name, Last Name) / TRUST FAO:(First Name, Middle Name, Last Name)
9 Trade Name
10 Registered Address (Indicate complete registered address)
11 Date of Birth (MM/DD/YYYY) 12 Email Address
/
/
13 Contact Number 14 Civil Status
Single
Married
Legally Separated
Widow/er
15 If Married, indicate whether spouse has income With Income With No Income 16 Filing Status Joint Filing Separate Filing
17 Main Line of Business
18 PSIC
19 PSOC
20 Method of Deduction Itemized Deduction [Sec. 34 (A-J), NIRC]
Optional Standard Deduction (OSD) 40% of Gross Sales/
Receipts/Revenues/Fees [Sec. 34(L), NIRC, as amended by R.A. 9504]
21 Method of Accounting Cash Accrual Others (Specify)
22 Income Exempt from Income Tax? Yes No If Yes, fill up also Mandatory Attachments PER ACTIVITY (Part X).
23 Income subject to Special/Preferential Rate? Yes No If Yes, fill up also Mandatory Attachments PER ACTIVITY (Part X)
24 Claiming Additional Exemptions? Yes No 25 If YES, enter number of Qualified Dependent Children (Enter information about Children on Part VIIA of Page 4)
Part II – Total Tax Payable (Do NOT enter Centavos)
26 Total Income Tax Due (Overpayment) for Tax Filer and Spouse (Sum of Items 72A & 72B)
27 Less: Total Tax Credits / Payments (Sum of Items 76A & 76B)
28 Net Tax Payable (Overpayment) (Item 26 Less Item 27)
29 Less: Portion of Tax Payable Allowed for 2nd Installment to be paid on or before July 15 (Not More Than 50% of Item 26)
30 Total Tax Payable (Item 28 Less Item 29)
31 Add: Total Penalties( From Item 84)
32 TOTAL AMOUNT PAYABLE Upon Filing (Overpayment) (Sum of Items 30 & 31)
If Overpayment, mark one box only (Once the choice is made, the same is irrevocable)
To be refunded To be issued a Tax Credit Certificate (TCC) To be carried over as a tax credit for next year/quarter
I declare under the penalties of perjury, that this annual 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. (If Authorized Representative, attach authorization letter and indicate TIN)
33 Number of pages filed
Signature over printed name of Tax Filer Signature over printed name of Authorized Representative
34 Community Tax Certificate (CTC) No./Govt. Issued ID
35 Date of Issue (MM/DD/YYYY)
/ /
36 Place of Issue
37 Amount, if CTC
Part III - Details of
Payment Drawee Bank/
Agency Number Date (MM/DD/YYYY) Amount
38 Cash/Bank Debit Memo
/
/
39 Check
/
/
40 Others (Specify below)
/
/
Machine Validation / Revenue Official Receipt Details (if not filed with an Authorized Agent Bank)
Stamp of Receiving Office/AAB and Date of Receipt
(RO’s Signature/Bank Teller’s Initial)
Annual Income Tax Return For Self-Employed Individuals, Estates and Trusts
Subject to REGULAR Income Tax Only
Page 2
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP2
TIN Tax Filer’s Last Name
0 0 0 0
Part IV Computation of Income Tax- REGULAR RATE A) Taxpayer/Filer B) Spouse
41 Gross Compensation Income (From Schedule1 Item 5A1 / 5B1 )
42 Less: Non-Taxable / Exempt Compensation
43 Gross Taxable Compensation Income (Item 41 Less Item 42)
Less: Deductions
44 Premium on Health and/or Hospitalization Insurance (Not to Exceed P 2,400 / year)
45 Personal Exemption/Exemption for Estate and Trust
46 Additional Exemption
47 Total Deductions (Sum of Items 44 to 46)
48 Net Taxable Compensation Income (Item 43 Less Item 47)
OR
49 Excess of Deductions (Item 47 Less Item 43)
50 Net Sales/Revenues/Receipt/Fees (From Schedule 2 Item 5A / 5B)
51 Add: Other Taxable Income from Operations not Subject to Final Tax
(From Schedule 3 Item 3A / 3B)
52 Total Sales/Revenues/Receipts/Fees (Sum of Items 50 & 51)
53 Less: Cost of Sales/Services (Not allowed for Tax Filer who opted for OSD) (From Schedule 4 Item 27A / 27B)
54 Gross Income from Business/Profession (Item 52 Less Item 53)
55 Add: Non-Operating Income (From Schedule 5 Item 6A / 6B)
56 Total Gross Income (Sum of Items 54 & 55)
Less: Allowable Deductions
57 Ordinary Allowable Itemized Deductions (From Schedule 6 Item 40A / 40B)
58 Special Allowable Itemized Deductions (From Schedule 7 Item 5A/5B)
59 Allowance for Net Operating Loss Carry Over (NOLCO) (From Schedule 8A1 Item 8D / Schedule 8B1 Item 8D)
60 Total Allowable Itemized Deductions (Sum of Items 57 to 59)
OR
61 Optional Standard Deductions (OSD) (40% of Item 52-Total Sales/Receipts/Revenues/Fees)
(NOTE: If all income is subject ONLY to Regular Income Tax Regime)
62 Taxable Income from Business/Profession(Item 56 Less Item 60 OR 61)
63 Add: Net Taxable Compensation Income(From Item 48A/48B)
64 Net Taxable Income (Sum of Items 62 & 63)
65 Less: Excess Deductions, if any (From Item 49) OR the Total
Deductions, if there is no compensation income (From Item 47)
66 TOTAL TAXABLE INCOME (Item 64 Less Item 65)
67 TAX DUE-REGULAR [Refer to Tax Table (Graduated Income Tax Rates) below]
Tax Table If Taxable Income is: Tax Due is: If Taxable Income is: Tax Due is:
Not over P 10,000 5%
Over P 10,000 but not over P 30,000
P 500 + 10% of the excess over P 10,000
Over P 140,000 but not over P 250,000
P 22,500 + 25% of the excess over P 140,000
Over P 30,000 but not over P 70,000
P 2,500 + 15% of the excess over P 30,000
Over P 250,000 but not over P 500,000
P 50,000 + 30% of the excess over P 250,000
Over P 70,000 but not over P 140,000
P 8,500 + 20% of the excess over P 70,000
Over P 500,000 P 125,000 + 32% of the excess over
P 500,000
Annual Income Tax Return For Self-Employed Individuals, Estates and Trusts
Subject to REGULAR Income Tax Only
Page 3
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP3
TIN Tax Filer’s Last Name
0 0 0 0
Part V - Summary of Income Tax Due
Description A) Taxpayer/Filer B) Spouse
68 Regular Rate - Income Tax Due (From Item 67A/67B)
69 Special Rate - Income Tax Due (From Part IX Item 18B/18F)
70 Less: Share of Other Government Agency, if remitted directly
71 Net Special Income Tax Due (Share of National Govt.) (Item 69 Less Item 70)
72 TOTAL INCOME TAX DUE (Overpayment) (Sum of Items 68 &71) (To Item 26)
Less: Tax Credits/Payments
73 Regular (From Schedule 9 Item 10A/10B)
74 Special (From Part IX Item 19B/19F)
75 Exempt (From Part IX Item 19C/19G)
76 Total Tax Credit/Payments (Sum of Items 73 to 75) (To Item 27)
77 Net Tax Payable/(Overpayment) (Item72 Less Item 76)
78 NET TAX PAYABLE (OVERPAYMENT) FOR TAX FILER and SPOUSE (Sum of Items 77A & 77B)
79 Less: Portion of Tax Payable Allowed for 2nd Installment to be paid on or before July 15 (Not More Than 50% of the Sum of Items 72A & 72B)
80 NET AMOUNT OF TAX PAYABLE (OVERPAYMENT) (Item 78 Less Item 79)
Add: Penalties
81 Surcharge
82 Interest
83 Compromise
84 Total Penalties (Sum of Items 81 to 83) (To Item 31)
85 TOTAL AMOUNT PAYABLE UPON FILING (OVERPAYMENT) (Sum of Items 80 & 84) (To Item 32)
Part VI - Tax Relief Availment
Description A) Taxpayer/Filer B) Spouse 86 Regular Income Tax Otherwise Due
(Sum of Items 66 & 58 X applicable Tax Rate per Tax Table )
87 Less: Tax Due – Regular (From Item 67)
88 Tax Relief Availment Before Special Tax Credits (Items 86 Less Item 87)
89 Add: Special Tax Credits(From Schedule 9 Item 8A/8B)
90 Regular Tax Relief Availment (Sum of Items 88 & 89)
91 Special Tax Relief Availment( From Part IX Item 21B/21F)
92 Exempt Tax Relief Availment (From Part IX Item 21C/21G)
93 Total Tax Relief Availment (Sum of Items 90, 91 & 92)
94 Total Tax Relief Availment of Tax Filer & Spouse (Sum of Items 93A & 93B)
(To Item 29)
Annual Income Tax Return For Self-Employed Individuals, Estates and Trusts
Subject to REGULAR Income Tax Only
Page 4
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP4
TIN Tax Filer’s Last Name
0 0 0 0
Part VII - Other Relevant Information - SPOUSE
95 Spouse’s TIN
/
/
/ 0 0 0 0 96 RDO Code
97 Spouse’s Name (Last Name, First Name and Middle Initial)
98 Trade Name
99 Date of Birth(MM/DD/YYYY) 100 Email Address
/
/
101 Contact Number
102 PSIC
103 PSOC
104 Line of Business
105 Method of Deduction Itemized Deductions [Sec. 34 (A-J), NIRC]
Optional Standard Deduction (OSD) 40% of Gross
Sales/Receipts/Revenues/Fees [Sec. 34(L), NIRC, as amended by R.A. 9504]
106 Method of Accounting Cash Accrual Others (Specify)
107 Income Exempt from Income Tax? Yes No If Yes, fill up also Mandatory Attachments PER ACTIVITY (Part X).
108 Income subject to Special/Preferential Rate? Yes No If Yes, fill up also Mandatory Attachments PER ACTIVITY (Part X)
109 Alphanumeric Tax Code (ATC) II 011 Compensation Income II 012 Business Income/Income from Profession II 013 Mixed Income
110 Claiming Additional Exemptions? Yes No 111 If YES, enter number of Qualified Dependent Children (Enter information about Children on Part VIIA)
Part VIIA - Qualified Dependent Children (If wife is claiming for additional exemption, please attach waiver of the husband)
Last Name First Name and Middle Initial Date of Birth
(MM / DD / YYYY)
Mark if Mentally/ Physically
Incapacitated
Part VIIB - Current Address (Accomplish if current address is different from registered address)
Unit/Room Number/Floor Building Name
Lot Number Block Number Phase Number House Number Street Name
Subdivision/Village Barangay
Municipality/City Province Zip Code
Part VIII - Information - External Auditor/Accredited Tax Agent
112 Name of External Auditor/Accredited Tax Agent
113 TIN
114 Name of Signing Partner (If External Auditor is a Partnership)
115 TIN
116 BIR Accreditation No. 117 Issue Date (MM/DD/YYYY) 118 Expiry Date (MM/DD/YYYY)
-
-
-
/
/
/
/
Annual Income Tax Return Page 5 - Schedules 1 to 4A
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP5
TIN Tax Filer’s Last Name
0 0 0 0
SCHEDULES-REGULAR RATE
Schedule 1 - Gross Compensation Income and Tax Withheld (Attach additional sheet/s, if necessary)
Gross Compensation Income and Tax Withheld (On Items 1, 2 & 3, enter the required information for each of your employers and mark (X) whether the information is for the Taxpayer or the Spouse. Attach additional Sheets if necessary. On Item 5A, enter the Total Gross Compensation and Total Tax Withheld for the Taxpayer and on Line 5B, enter the appropriate information for the Spouse. DO NOT enter Centavos; 49 Centavos or Less drop down; 50 or more round up)
1 Name of Employer
Taxpayer Spouse
Employer’s TIN Compensation Income Tax Withheld
2 Name of Employer
Taxpayer Spouse
Employer’s TIN Compensation Income Tax Withheld
3 Name of Employer
Taxpayer Spouse
Employer’s TIN Compensation Income Tax Withheld
4 Name of Employer
Taxpayer Spouse
Employer’s TIN Compensation Income Tax Withheld
5A Total Gross Compensation Income and Total Tax Withheld from the above
entries and any additional sheets attached for Taxpayer (To Part IV Item 41A)
1. Total Compensation Income 2. Total Tax Withheld
5B Total Gross Compensation Income and Total Tax Withheld from the above
entries and any additional sheets attached for Spouse (To Part IV Item 41B)
1. Total Compensation Income 2. Total Tax Withheld
Schedule 2 - Sales/Revenues/Receipts/Fees from Business/Profession, including amount received from General Professional Partnership (GPP)
Description A) Taxpayer/Filer B) Spouse
1 Total Sales/Revenues/Receipts/Fees
2 Add: Gross Sales/Revenues/Receipts/Fees not subject to Withholding Tax
3 Total Sales/Revenues/Receipts/Fees (Sum of Items 1 & 2 )
4 Less: Sales Returns, Allowances and Discounts
5 Net Sales/Revenues/Receipts/Fees (Item 3 Less Item 4) (To Item 50)
Schedule 3 - Other Taxable Income from Operations not Subject to Final Tax (Attach additional sheet/s, if necessary)
Description A) Taxpayer/Filer B) Spouse
1
2
3 Total Other Taxable Income (Sum of Items 1 & 2) (To Item 51)
Schedule 4 – Cost of Sales/Services (Attach additional sheet/s, if necessary)
Schedule 4A - Cost of Sales (For those engaged in Trading)
Description A) Taxpayer/Filer B) Spouse
1 Merchandise Inventory, Beginning
2 Add: Purchases of Merchandise
3 Total Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise Inventory, Ending
5 Cost of Sales (Item 3 Less Item 4) (To Schedule 4 Item 27)
Annual Income Tax Return Page 6 - Schedules 4B to 6
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP6
TIN Tax Filer’s Last Name
0 0 0 0
Schedule 4B - Cost of Sales (For those engaged in Manufacturing)
Description A) Taxpayer/Filer B) Spouse
6 Direct Materials, Beginning
7 Add: Purchases of Direct Materials
8 Material Available for Use (Sum of Items 6 & 7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10 to 12)
14 Add: Work in Process, Beginning
15 Less: Work in Process, Ending
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Add: Finished Goods, Beginning
18 Less: Finished Goods, Ending
19 Cost of Goods Manufactured & Sold
(Sum of Items 16 & 17 Less Item 18) (To Schedule 4 Item 27)
Schedule 4C - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross
revenue from rendition of services)
Description A) Taxpayer/Filer B) Spouse
20 Direct Charges – Salaries, Wages and Benefits
21 Direct Charges – Materials, Supplies and Facilities
22 Direct Charges – Depreciation
23 Direct Charges – Rental
24 Direct Charges – Outside Services
25 Direct Charges – Others
26 Total Cost of Services (Sum of Items 20 to 25) (To Schedule 4 Item 27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Part IV Item 53)
Schedule 5 - Non-Operating Income (Attach additional sheet/s, if necessary)
Nature of Income A) Taxpayer/Filer B) Spouse
1
2
3
4
5
6 Total Non-Operating Income (Sum Items 1 to 5) (To Item 55)
Schedule 6 - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description A) Taxpayer/Filer B) Spouse
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
Annual Income Tax Return Page 7 - Schedule 6
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP7
TIN Tax Filer’s Last Name
0 0 0 0
Schedule 6 (Continued) Ordinary Allowable Itemized Deductions
Description A) Taxpayer/Filer B) Spouse
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance - Labor or Labor & Materials
25 Repairs and Maintenance - Materials/Supplies
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others (Specify below; Add additional sheet(s), if necessary)
36
37
38
39
40 Total Ordinary Allowable Itemized Deduction (Sum of Items 1 to 39) (To Item 57)
Annual Income Tax Return Page 8 - Schedules 7 to 8B.1
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP8
TIN Tax Filer’s Last Name
0 0 0 0
Schedule 7 - Special Allowable Itemized Deductions(Attach additional sheet/s, if necessary)
Description Legal Basis A) Taxpayer/Filer B) Spouse
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items1 to 4) (To Item 58)
Schedule 8 – Computation of Net Operating Loss Carry Over (NOLCO)
Schedule 8A – Taxpayer/Filer’s Computation of Net Operating Loss Carry Over (NOLCO)
1 Gross Income
2 Less: Total Deductions Exclusive of NOLCO & Deduction Under Special Law
3 Net Operating Loss (Item 1 Less Item 2) (To Schedule 8A.1)
Schedule 8A.1 - Taxpayer/Filer’s Detailed Computation of Available Net Operating Loss Carry Over (NOLCO)
Net Operating Loss B) NOLCO Applied Previous Year
Year Incurred A) Amount
4
5
6
7
C) NOLCO Expired D) NOLCO Applied Current Year E) Net Operating Loss (Unapplied)
4
5
6
7
8 Total NOLCO (Sum of Items 4D to 7D) (To Item 59A)
Schedule 8B – Spouse’s Computation of Net Operating Loss Carry Over (NOLCO)
1 Gross Income
2 Less: Total Deductions Exclusive of NOLCO & Deduction Under Special Law
3 Net Operating Loss (Item 1 Less Item 2) (To Schedule 8B.1)
Schedule 8B.1 – Spouse’s Detailed Computation of Available Net Operating Loss Carry Over (NOLCO)
Net Operating Loss B) NOLCO Applied Previous Year
Year Incurred A) Amount
4
5
6
7
C) NOLCO Expired D) NOLCO Applied Current Year E) Net Operating Loss (Unapplied)
4
5
6
7
8 Total NOLCO (Sum of Items 4D to 7D) (To Item 59B)
Annual Income Tax Return Page 9 - Schedules 9 to 10
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP9
TIN Tax Filer’s Last Name
0 0 0 0
Schedule 9 – Tax Credits/Payments (Attach proof)
Description A) Taxpayer/Filer B) Spouse
1 Prior Year's Excess Credits
2 Tax Payments for the First Three Quarters
3 Creditable Tax Withheld for the First Three Quarters
4 Creditable Tax Withheld for the 4th Quarter
5 Creditable Tax Withheld per BIR Form No. 2316 (From Schedule 1 Item 5A2 /5B2)
6 Tax Paid in Return previously filed, if this is an Amended Return
7 Foreign Tax Credits, if applicable
8 Special Tax Credits, if applicable
9 Other Payments / Credits, specify __________________________
10 Total Tax Credits / Payments (Sum Items 1 to 9) (To Item73)
Schedule 10 - BALANCE SHEET
Assets
Description A) Taxpayer/Filer B) Spouse
1 Current Assets
2 Long-Term Investments
3 Property, Plant and Equipment - Net
4 Long Term Receivables
5 Intangible Assets
6 Other Assets
7 Total Assets (Sum Items 1 to 6)
Liabilities
8 Current Liabilities
9 Long Term Liabilities
10 Deferred Credits
11 Other Liabilities
12 Total Liabilities (Sum of Items 8 to 11)
Capital
13 Capital, Beginning
14 Add: Net Income for the Year
15 Less: Drawings
16 Capital, Ending (Sum of Items 13 & 14 Less Item 15)
17 Total Liabilities and Capital (Sum of Items 12 & 16)
Annual Income Tax Return Page 10 – Schedules 11A to 11B
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP10
TIN Tax Filer’s Last Name
0 0 0 0
Schedule 11 - Reconciliation of Net Income per Books Against Taxable Income (Attach additional sheet/s, if necessary)
Schedule 11A – TAX FILER’S Reconciliation of Net Income per Books Against Taxable Income
1 Net Income (Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) - Tax Filer (Item 4 Less Item 9)
Schedule 11B – SPOUSE’S Reconciliation of Net Income per Books Against Taxable Income
1 Net Income (Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) – Spouse (Item 4 Less Item 9)
Annual Income Tax Return Page 11 – Schedules 12A to 12B
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP11
TIN Tax Filer’s Last Name
0 0 0 0
Schedule 12 – Supplemental Information
Schedule 12A - Gross Income/ Receipts Subjected to Final Withholding
I) Description Exempt A) Actual Amount/Fair Market
Value/Net Capital Gains B) Final Tax Withheld/Paid
1 Interests
2 Royalties
3 Dividends
4 Prizes and Winnings
5 Fringe Benefits
6 Compensation Subject to 15% Preferential Rate
II) Sale/Exchange of Real Properties A) Sale/Exchange #1 B) Sale/Exchange #2
7 Description of Property (e.g., land, improvement, etc.)
8 OCT/TCT/CCT/Tax Declaration No.
9 Certificate Authorizing Registration (CAR) No.
10 Actual Amount/Fair Market Value/Net Capital Gains
11 Final Tax Withheld/Paid
III) Sale/Exchange of Shares of Stock A) Sale/Exchange #1 B) Sale/Exchange #2
12 Kind (PS/CS) / Stock Certificate Series No. / /
13 Certificate Authorizing Registration (CAR) No.
14 Number of Shares
15 Date of Issue (MM/DD/YYYY) / / / / 16 Actual Amount/Fair Market Value/Net Capital Gains
17 Final Tax Withheld/Paid
IV) Other Income (Specify) A) Other Income #1 B) Other Income #2
18 Other Income Subject to Final Tax Under Sections
57(A)/127/others of the Tax Code, as amended (Specify)
19 Actual Amount/Fair Market Value/Net Capital Gains
20 Final Tax Withheld/Paid
21 Total Final Tax Withheld/Paid (Sum of Items 1B to 6B, 11A, 11B,17A, 17B, 20A & 20B)
Schedule 12B - Gross Income/Receipts Exempt from Income Tax (Actual Amount/Fair Market Value)
1 Proceeds of Life Insurance Policy
2 Return of Premium
3 Retirement Benefits, Pensions, Gratuities, etc.
I) Personal/Real Properties Received thru Gifts, Bequests, and Devises
A) Personal/Real Properties #1 B) Personal/Real Properties #2
4 Description of Property (e.g., land, improvement, etc.)
5 Mode of Transfer (e.g. Donation)
6 Certificate Authorizing Registration (CAR) No.
7 Actual Amount/Fair Market Value
II) Other Exempt Income/Receipts A) Personal/Real Properties #1 B) Personal/Real Properties #2
8 Other Exempt Income/Receipts Under Section 32(B) of the
Tax Code, as amended (Specify)
9 Actual Amount/Fair Market Value/Net Capital Gains
10 Total Income/Receipts Exempt from Income Tax (Sum of Items 1 to 3, 7A, 7B, 9A & 9B)
Annual Income Tax Return Consolidation of ALL Activities per Tax Regime
(Accomplish only if with MULTIPLE Tax Regimes) From Part X Mandatory Attachments for Exempt / Special Tax Regime PER ACTIVITY
and Part IV for REGULAR
BIR Form No.
1701 June 2013 (ENCS)
Page 12
170106/13ENCSP12
TIN Tax Filer’s Last Name
0 0 0 0
Part IX - CONSOLIDATED COMPUTATION BY TAX REGIME (Consolidate amounts from Part X Mandatory Attachments for Exempt / Special Tax Regime PER ACTIVITY and Part IV for REGULAR)
TAXPAYER/FILER SPOUSE
A) Regular B) Total Special
C) Total Exempt
D) TOTAL (D= A + B + C)
E) Regular F) Total
Special G) Total
Exempt H) TOTAL (H=E+F+G)
1 Net Sales/Revenues/Receipt/Fees (From Part IV Item 50A/50B-Regular) (From Schedule B Item 1A/1B-Special/Exempt)
2 Add: Other Taxable Income from Operations not subject to Final Tax (From Part IV Item 51A/51B-Regular) (From Schedule B Item 2A/2B-Special/Exempt)
3 Total Sales/Revenues/Receipts/Fee (Sum of Items 1 & 2) 4 Less: Cost of Sales/Service (From Part IV Item 53A/53B-Regular) (From Schedule B Item 4A/4B-Special/Exempt)
5 Gross Income from Business/Profession (Item 3 Less Item 4) 6 Add: Non-Operating Income (From Part IV Item 55A/55B-Regular) (From Schedule B Item 6A/6B-Special/Exempt)
7 TOTAL GROSS INCOME (Sum of Items 5 & 6)
Less: Allowable Deductions
8 Ordinary Allowable Itemized Deductions (From Part IV Item 57A/57B-Regular) (From Schedule B Item 8A/8B-Special/Exempt)
9 Special Allowable Itemized Deductions (From Part IV Item 58A/58B-Regular) (From Schedule B Item 9A/9B-Special/Exempt)
10 Allowance for Net Operating Loss Carry Over (NOLCO) (From Part IV Item 59A/59B)
11 Total Allowable Itemized Deductions (Sum of Items 8 to 10)
OR
12 Optional Standard Deductions (OSD) (40% of Item 3 Total Sales/ Receipts / Revenues / Fees)
(Note: Option to use OSD is not applicable on those with Multiple Tax Regimes)
13 Taxable Income from Business/Profession (Item 7 Less Item 11)
14 Add: Net Taxable Compensation Income (From Part IV Item 63A/63B)
15 Net Taxable Income (Sum of Items 13 & 14)
16 Less: Excess Deductions, if any OR the Total Deductions, if there is no
compensation income (From Part IV Item 65A/65B)
17 TOTAL TAXABLE INCOME (Item 15 Less Item 16)
18 TOTAL INCOME TAX DUE - REGULAR (From Part V Item 68A/68B);
- SPECIAL (Item 17B/17F X applicable Special Tax Rate) - EXEMPT (Item 7C/7G X 0%)
19 Less: Total Tax Credits / Payments (From Sched. 9 Item 10A/10B-Regular) (From Sched. J Item 10A/10B-Special/Exempt)
20 NET TAX PAYABLE (OVERPAYMENT) (Item 18 Less Item 19)
21 Total Tax Relief Availment - REGULAR (From Part VI Item 90A/90B)
-SPECIAL (From Schedule C1 Item 8A/8B) (To Part VI Item 91A/91B) -EXEMPT (From Schedule C2 Item 11A/11B) (To Part VI Item 92A/92B)
For BIR Use Only
BCS/ Item
1702-EX06/13P1
Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas
Annual Income Tax Return For Use ONLY by Corporation, Partnership and Other Non-Individual
Taxpayer EXEMPT Under the Tax Code, as Amended, [Sec. 30 and those exempted in Sec. 27(C)] and Other Special Laws,
with NO Other Taxable Income Enter all required information in CAPITAL LETTERS using BLACK ink. Mark applicable
boxes with an “X”. Two copies MUST be filed with the BIR and one held by the taxpayer.
BIR Form No.
1702-EX June 2013
Page 1
1 For Calendar Fiscal
2 Year Ended (MM/20YY)
/20
3 Amended Return?
Yes No
4 Short Period Return?
Yes No
5 Alphanumeric Tax Code (ATC)
IC 011 Exempt Corporation on Exempt Activities
IC 021 General Professional Partnership
Part I - Background Information
6 Taxpayer Identification Number (TIN) - - - 0 0 0 0 7 RDO Code
8 Date of Incorporation/Organization (MM/DD/YYYY) / /
9 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS)
10 Registered Address (Indicate complete registered address)
11 Contact Number 12 Email Address
-
13 Main Line of Business 14 PSIC Code
15 Method of Deduction Itemized Deductions [Sections 34 (A-J), NIRC]
16 Legal Basis of Tax Relief/Exemption (Specify) 17 Investment Promotion Agency (IPA)/Government Agency
18 Registered Activity/Program (Reg. No.) 19 Effectivity Date of Tax Relief/Exemption
From / /
To
/ /
Part II – Total Tax Payable (Do NOT enter Centavos)
20 Total Income Tax Due (From Part IV Item 41)
0 0 0
21 Add: Penalty - Compromise
22 TOTAL AMOUNT PAYABLE (Sum of Items 20 & 21)
We declare under the penalties of perjury, that this annual return has been made in good faith, verified by us, and to the best of our 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. (If Authorized Representative, attach authorization letter and indicate TIN.)
Signature over printed name of President/Principal Officer/ Authorized Representative Signature over printed name of Treasurer/Assistant Treasurer Title of Signatory Number of pages filed
23 Community Tax Certificate
(CTC) Number/SEC Reg. No.
24 Date of Issue (MM/DD/YYYY)
/ /
25 Place of Issue
26 Amount, if CTC
Part III – Details of Payment
Details of Payment Drawee Bank/
Agency Number Date (MM/DD/YYYY) Amount
27 Cash/Bank Debit Memo / /
28 Check / /
29 Tax Debit Memo / /
30 Others (Specify Below) / /
Machine Validation / Revenue Official Receipt Details (if not filed with an Authorized Agent Bank)
Stamp of receiving Office/AAB and Date of Receipt
(RO’s Signature/Bank Teller’s Initial)
Annual Income Tax Return Page 2
BIR Form No.
1702-EX June 2013 1702-EX06/13P2
TIN Registered Name
0 0 0 0
Part IV – Computation of Tax (Do NOT enter Centavos)
31 Net Sales/Revenues/Receipts/Fees (From Schedule 1 Item 6)
32 Less: Cost of Sales/Services (From Schedule 2 Item 27)
33 Gross Income from Operation (Item 31 Less Item 32)
34 Add: Other Taxable Income Not Subjected to Final Tax (From Schedule 3 Item 4)
35 Total Gross Income (Sum of Items 33 & 34)
Less: Deductions Allowable under Existing Law
36 Ordinary Allowable Itemized Deductions
(From of Schedule 4 Item 40)
37 Special Allowable Itemized Deductions (From Schedule 5 Item 5)
38 Total Itemized Deductions (Sum of Items 36 & 37)
39 Net Taxable Income (Item 35 Less Item 38)
40 Income Tax Rate 0% 41 Total Income Tax Due (Item 39 X Item 40) (To Part II Item 20)
0 0 0
Part V - Tax Relief Availment
42 Regular Income Tax Otherwise Due (30% of Part IV Item 39)
43 Special Allowable Itemized Deductions (30% of Part IV Item 37)
44 Total Tax Relief Availment (Sum of Items 42 & 43)
Part VI - Information - External Auditor/Accredited Tax Agent
45 Name of External Auditor/Accredited Tax Agent
46 TIN
47 Name of Signing Partner (If External Auditor is a Partnership)
48 TIN
49 BIR Accreditation No. 50 Issue Date (MM/DD/YYYY) 51 Expiry Date (MM/DD/YYYY)
- -
-
/
/
/
/
Annual Income Tax Return Page 3 - Schedules 1 & 2
BIR Form No.
1702-EX June 2013 1702-EX06/13P3
TIN Registered Name
0 0 0 0
Schedule 1 - Sales/Revenues/Receipts/Fees (Attach additional sheet/s, if necessary)
1 Sale of Goods/Properties
2 Sale of Services
3 Lease of Properties
4 Total (Sum of Items 1 to 3)
5 Less: Sales Returns, Allowances and Discounts
6 Net Sales/Revenues/Receipts/Fees (Item 4 Less Item 5) (To Part IV Item 31)
Schedule 2 - Cost of Sales (Attach additional sheet/s, if necessary)
Schedule 2A - Cost of Sales (For those Engaged in Trading)
1 Merchandise Inventory - Beginning
2 Add Purchase of Merchandise
3 Total Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise - Ending
5 Cost of Sales (Item 3 Less Item 4) (To Schedule 2 Item 27)
Schedule 2B - Cost of Sales (For those Engaged in Manufacturing)
6 Direct Materials, Beginning
7 Add: Purchases of Direct Materials
8 Materials Available for Use (Sum of Items 6 & 7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10, 11 & 12)
14 Add: Work in Process, Beginning
15 Less: Work in Process, Ending
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Add: Finished Goods, Beginning
18 Less: Finished Goods, Ending
19 Cost of Goods Manufactured and Sold (Sum of Items 16 & 17 Less Item 18) (To Schedule 2 Item 27)
Schedule 2C - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross revenue from rendition of services)
20 Direct Charges - Salaries, Wages and Benefits
21 Direct Charges - Materials, Supplies and Facilities
22 Direct Charges - Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Total Cost of Services (Sum of Items 20 to 25) (To Schedule 2 Item 27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Part IV Item 32)
Annual Income Tax Return Page 4 - Schedules 3 & 4
BIR Form No.
1702-EX June 2013 1702-EX06/13P4
TIN Registered Name
0 0 0 0
Schedule 3 - Other Taxable Income Not Subjected to Final Tax (Attach additional sheet/s, if necessary)
1
2
3
4 Total Other Taxable Income Not Subjected to Final Tax (Sum of Items 1 to 3) (To Part IV Item 34)
Schedule 4 - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance – (Labor or Labor & Materials)
25 Repairs and Maintenance – (Materials/Supplies)
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
Annual Income Tax Return Page 5 - Schedules 4, 5 & 6
BIR Form No.
1702-EX June 2013 1702-EX06/13P5
TIN Registered Name
0 0 0 0
Schedule 4 - Ordinary Allowable Itemized Deductions (Continued from Previous Page)
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others [Specify below; Add additional sheet(s) if necessary]
36
37
38
39
40 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 39) (To Part IV Item 36)
Schedule 5 - Special Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description Legal Basis Amount
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Part IV Item 37)
Schedule 6 - Reconciliation of Net Income per Books Against Taxable Income (Attach additional sheet/s, if necessary)
1 Net Income/(Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) (Item 4 Less Item 9)
Annual Income Tax Return Page 6 - Schedules 7 & 8
BIR Form No.
1702-EX June 2013 1702-EX06/13P6
TIN Registered Name
0 0 0 0
Schedule 7 – BALANCE SHEET
Assets
1 Current Assets
2 Long-Term Investment
3 Property, Plant and Equipment – Net
4 Long-Term Receivables
5 Intangible Assets
6 Other Assets
7 Total Assets (Sum of Items 1 to 6)
Liabilities and Equity
8 Current Liabilities
9 Long-Term Liabilities
10 Deferred Credits
11 Other Liabilities
12 Total Liabilities (Sum of Items 8 to 11)
13 Capital Stock
14 Additional Paid-in Capital
15 Retained Earnings
16 Total Equity (Sum of Items 13 to 15)
17 Total Liabilities and Equity (Sum of Items 12 & 16)
Schedule 8 – Stockholders Partners Members Information (Top 20 stockholders, partners or members) (On column 3 enter the amount of capital contribution and on the last column enter the percentage this represents on the entire ownership.)
REGISTERED NAME TIN Capital Contribution % to Total
Annual Income Tax Return Page 7 - Schedules 9 & 10
BIR Form No.
1702-EX June 2013 1702-EX06/13P7
TIN Registered Name
0 0 0 0
Schedule 9- Supplemental Information (Attach additional sheet/s, if necessary)
I) Gross Income/ Receipts Subjected to Final Withholding
A) Exempt B) Actual Amount/Fair Market
Value/Net Capital Gains C) Final Tax Withheld/Paid
1 Interests
2 Royalties
3 Dividends
4 Prizes and Winnings
II) Sale/Exchange of Real Properties A) Sale/Exchange #1 B) Sale/Exchange #2
5 Description of Property (e.g., land, improvement, etc.)
6 OCT/TCT/CCT/Tax Declaration No.
7 Certificate Authorizing Registration (CAR) No.
8 Actual Amount/Fair Market Value/Net Capital Gains
9 Final Tax Withheld/Paid
III) Sale/Exchange of Shares of Stock A) Sale/Exchange #1 B) Sale/Exchange #2
10 Kind (PS/CS) / Stock Certificate Series No. / /
11 Certificate Authorizing Registration (CAR) No.
12 Number of Shares
13 Date of Issue (MM/DD/YYYY) / / / /
14 Actual Amount/Fair Market Value/Net Capital Gains
15 Final Tax Withheld/Paid
IV) Other Income (Specify) A) Other Income #1 B) Other Income #2
16 Other Income Subject to Final Tax Under Sections 57(A)/127/others of the Tax Code, as amended (Specify)
17 Actual Amount/Fair Market Value/Net Capital Gains
18 Final Tax Withheld/Paid
19 Total Final Tax Withheld/Paid (Sum of Items 1C to 4C, 9A, 9B, 15A, 15B, 18A & 18B)
Schedule 10- Gross Income/Receipts Exempt from Income Tax
1 Return of Premium (Actual Amount/Fair Market Value)
I) Personal/Real Properties Received thru Gifts, Bequests, and Devises
A) Personal/Real Properties #1 B) Personal/Real Properties #2
2 Description of Property (e.g., land, improvement, etc.)
3 Mode of Transfer (e.g. Donation)
4 Certificate Authorizing Registration (CAR) No.
5 Actual Amount/Fair Market Value
II) Other Exempt Income/Receipts A) Other Exempt Income #1 B) Other Exempt Income #2
6 Other Exempt Income/Receipts Under Sec. 32 (B) of the Tax Code, as amended (Specify)
7 Actual Amount/Fair Market Value/Net Capital Gains
8 Total Income/Receipts Exempt from Income Tax (Sum of Items 1, 5A, 5B, 7A & 7B)
For BIR Use Only
BCS/ Item
1702-MX06/13P1
Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas
Annual Income Tax Return For Corporation, Partnership and Other Non-Individual
with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/PREFERENTIAL RATE
Enter all required information in CAPITAL LETTERS using BLACK ink. Mark applicable boxes with an “X”. Two copies MUST be filed with the BIR and one held by the taxpayer.
BIR Form No.
1702-MX June 2013
Page 1
1 For Calendar Fiscal
2 Year Ended (MM/20YY)
/20
3 Amended Return?
Yes No
4 Short Period Return?
Yes No
5 Alphanumeric Tax Code (ATC)
IC 055 Minimum Corporate Income Tax (MCIT)
Part I – Background Information
6 Taxpayer Identification Number (TIN) - - - 0 0 0 0 7 RDO Code
8 Date of Incorporation/Organization (MM/DD/YYYY) / /
9 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS)
10 Registered Address (Indicate complete registered address)
11 Contact Number 12 Email Address
-
13 Main Line of Business 14 PSIC Code /
15 Method of Deduction Itemized Deduction [Section 34 (A-J), NIRC]
Part II – Total Tax Payable (Do NOT enter Centavos)
16 Total Income Tax Due (Overpayment) (From Part V Item 37D)
17 Less: Total Tax Credits/Payments (From Part V Item 38D)
18 Net Tax Payable (Overpayment)(Item16 Less Item 17)
19 Add: Total Penalties (From Part V Item 43)
20 TOTAL AMOUNT PAYABLE (Overpayment) (Sum of Items 18 &19) or (From Part V Item 44)
21 If Overpayment, mark “X” one box only (Once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate (TCC) To be carried over as a tax credit for next year/quarter
We declare under the penalties of perjury, that this annual return has been made in good faith, verified by us, and to the best of our 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. (If Authorized Representative, attach authorization letter and indicate TIN)
Signature over printed name of President/Principal Officer/Authorized Representative Signature over printed name of Treasurer/Assistant Treasurer
Title of Signatory Number of pages filed
22 Community Tax Certificate
(CTC) Number/SEC Reg. No.
23 Date of Issue (MM/DD/YYYY)
/ /
24 Place of Issue
25 Amount, if CTC
Part III – Details of Payment
Details of Payment Drawee Bank/
Agency Number Date (MM/DD/YYYY) Amount
26 Cash/Bank Debit Memo / /
27 Check / /
28 Tax Debit Memo / /
29 Others (Specify below) / /
Machine Validation/Revenue Official Receipt Details (if not filed with an Authorized Agent Bank)
Stamp of Receiving Office/AAB and Date of Receipt (RO’s Signature/Bank Teller’s
Initial)
Annual Income Tax Return Page 2
BIR Form No.
1702-MX June 2013 1702-MX06/13P2
TIN Registered Name
0 0 0 0
Part IV – Basis of Tax Relief
30 Basis of Tax Relief under Special Law or International Tax Treaty If there is only one activity/program under EXEMPT and SPECIAL Tax Regimes, fill up spaces below.
If there are more than one activities/programs under EXEMPT and SPECIAL Tax Regimes, use as many Mandatory Attachments per Activity (Part VIII) as necessary and mark “X” the box at the left.
A Exempt B Special Rate C Special Tax Relief
(Under Regular/Normal Rate)
31 Investment Promotion Agency (IPA) /
Implementing Government Agency
32 Legal Basis
33 Registered Activity/Program (Reg. No.)
34 Special Tax Rate . %
35 From (MM/DD/YYYY) / / / / / /
36 To (MM/DD/YYYY) / / / / / /
Part V - Computation of Amount Payable per Tax Regime
Description A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
37 TOTAL INCOME TAX DUE (OVERPAYMENT) (From Schedule 1 Item 16B/16C/16D) (To Part II Item 16) 0.00 38 Less: Tax Credits/Payments (From Schedule 8 Item 13) ( To Part II Item 17)
39 NET TAX PAYABLE (OVERPAYMENT) (Item 37 Less Item 38) (To Part II Item 18)
Add Penalties
40 Surcharge
41 Interest
42 Compromise
43 Total Penalties (Sum of Items 40 to 42) (To Part II Item 19)
44 TOTAL AMOUNT PAYABLE (OVERPAYMENT) (Sum of Items 39 and 43) (To Part II Item 20)
Part VI - Information - External Auditor/Accredited Tax Agent
45 Name of External Auditor/Accredited Tax Agent
46 TIN
47 Name of Signing Partner (If External Auditor is a Partnership)
48 TIN
49 BIR Accreditation No. 50 Issue Date (MM/DD/YYYY) 51 Expiry Date (MM/DD/YYYY)
-
-
-
/
/
/
/
ATC DESCRIPTION TAX
RATE TAX BASE ATC
DESCRIPTION TAX RATE
TAX BASE DOMESTIC CORPORATION DOMESTIC CORPORATION
IC 010 1. a. In General 30% Taxable Income from All Sources 7. Exempt Corporation
IC 055 b. Minimum Corporate Income Tax (MCIT) 2% Gross Income IC 011 a. On Exempt Activities 0%
IC 030 2. Proprietary Educational Institutions 10% Taxable Income from All Sources IC 010 b. On Taxable Activities 30% Taxable Income from All Sources
a. Proprietary Educational Institution whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources 30%
Taxable Income from All Sources
IC 021 8. General Professional Partnership (GPP) exempt
9. Corporation covered by Special Law*
IC 055 b. Minimum Corporate Income Tax (MCIT) 2% Gross Income RESIDENT FOREIGN CORPORATION
IC 031 3. Non-Stock, Non-Profit Hospitals 10% Taxable Income from All Sources IC 070 1. a. In general 30% Taxable Income from Within the Philippines
a. Non-Stock, Non-Profit Hospitals whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources
30%
Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax (MCIT) 2% Gross Income
IC 080 2. International Carriers 2.5% Gross Philippine Billing
IC 055 b. Minimum Corporate Income Tax (MCIT) 2% Gross Income IC 101 3. Regional Operating Headquarters* 10% Taxable Income
IC 040 4. a. Government Owned and Controlled Corporations (GOCC), Agencies & Instrumentalities 30%
Taxable Income from All Sources 4. Corporation covered by Special Law*
IC 055 b. Minimum Corporate Income Tax (MCIT) 2% Gross Income IC 190 5. Offshore Banking Units (OBU's)
IC 041 5. a. National Government and Local Government Units (LGU) 30%
Taxable Income from All Sources
a. Foreign Currency Transactions not subjected to Final Tax 10%
Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax
IC 055 b. Minimum Corporate Income Tax (MCIT) 2% Gross Income b. Other than Foreign Currency Transaction 30% Taxable Income Other Than Foreign Currency Transaction
IC 020 6. a. Taxable Partnership 30% Taxable Income from All Sources IC 191 6. Foreign Currency Deposit Units (FCDU)
IC 055 b. Minimum Corporate Income Tax 2% Gross Income a. Foreign Currency Transactions not subjected to
Final Tax 10% Gross Taxable Income on Foreign Currency Transaction not subjected to Final Tax
b. Other than Foreign Currency Transaction 30% Taxable Income Other Than Foreign Currency Transaction
*Please refer to Revenue District Offices
Annual Income Tax Return Page 3 – Schedules 1 & 2
BIR Form No.
1702-MX June 2013 1702-MX06/13P3
TIN Registered Name
0 0 0 0
Instructions: A. Fill up the applicable columns below, if there is only one activity/program under EXEMPT and/or SPECIAL Tax Regimes.
B. Use as many Part VIII-Mandatory Attachments per Activity as necessary, if there are more than one
activities/programs under EXEMPT and/or SPECIAL Tax Regimes. Consolidated amounts from Part VIII
Mandatory Attachments PER TAX REGIME shall be reflected under the corresponding columns below.
Part VII – S C H E D U L E S
Schedule 1 – COMPUTATION OF TAX Per Tax Regime
Description A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
1 Net Sales/Revenues/Receipts/Fees (From Schedule 3 Item 6) and (From all of Part VIII Sched B Item 1)
2 Less: Cost of Sales/Services (From Schedule 3 Item 27) and (From all of Part VIII Sched B Item 2)
3 Gross Income from Operation (Item 1 Less Item 2)
4 Add: Other Taxable Income not Subjected to Final
Tax (From Schedule 4 Item 4) & (From all of Part VIII Sched B Item 4)
5 Total Gross Income/Gross Taxable Income (Sum of Items 3 & 4)
6 Ordinary Allowable Itemized Deductions (From Schedule 5 Item 40) and (From all of Part VIII Sched B Item 6)
7 Special Allowable Itemized Deductions (From Schedule 6 Item 5) and (From all of Part VIII Sched B Item 7)
8 NOLCO [only for those taxable under Sec. 27(A to C);
Sec. 28(A)(1) & (A)(6)(b) of the Tax Code] (From Schedule 7A Item 8D) and (From all of Part VIII Sched B Item 8)
9 Total Itemized Deductions (Sum of Items 6, 7 & 8) 10 Net Taxable Income/Net Income (Item 5 Less Item 9)
11Applicable Income Tax Rate (i.e., Special or Regular/Normal rate)
0% . % . %
12 Income Tax Due other than MCIT (Item 5 OR Item 10 X Item 12) 0.00
13 Less: Share of Other Govt. Agencies, if remitted directly
0.00
14 Net Income Tax Due to National Government (Item 12 Less Item 13)
15 MCIT (2% of Gross Income in Item 5) 16 Total Income Tax Due (Overpayment) (Item 16B = Item 14B); (Item 16C = Normal Income Tax
in Item12C or MCIT in Item 15C, whichever is higher); (Item 16D = Sum of Items 16B &16C) (To Part V Item 37B/37C/37D)
Schedule 2 - Tax Relief Availment
Description A. Total Exempt B.Total Special C.Total Regular D.Total All Columns
1 Regular Income Tax Otherwise Due (30% of the Net Taxable Income in Item 11A for Exempt & Item 11B for Special Rate)
2 Special Allowable Itemized Deductions (30% of the applicable Total in Schedule 6 Item 5)
3 Sub-Total (Sum of Items 1 and 2) 4 Less: Income Tax Due (From Sched 1Item 13B) 0.00 5 Tax Relief Availment before Special Tax
Credit (Item 3 Less Item 4)
6 Add: Special Tax Credits (From Schedule 8 Item 10) 7 Total Tax Relief Availment (Sum of Items 5 & 6)
Annual Income Tax Return Page 4 – Schedule 3
BIR Form No.
1702-MX June 2013 1702-MX06/13P4
TIN Registered Name
0 0 0 0
Schedule 3 - Sales/Revenues/ Receipts/Fees
A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
1 Sale of Goods/Properties
2 Sale of Services
3 Lease of Properties
4 Total (Sum of Items 1 to 3)
5 Less: Sales Returns/Discounts
6 Net Sales/Revenues/Receipts/Fees (Item4 Less Item 5) (To Schedule 1 Item 1)
Schedule 3A - Cost of Sales (For those engaged in Trading)
A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
1 Merchandise Inventory, Beginning
2 Add: Purchases of Merchandise
3 Total Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise Inventory, Ending
5 Cost of Sales (Item 3 Less Item 4) (To Item 27)
Schedule 3B - Cost of Sales (For those engaged in Manufacturing)
A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
6 Direct Materials, Beginning
7 Add: Purchases
8 Materials Available for Use (Sum of Items 6 & 7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10 to 12)
14 Add: Work in Process, Beginning
15 Less: Work in Process, Ending
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Add: Finished Goods, Beginning
18 Less: Finished Goods, Ending
19 Cost of Goods Manufactured &Sold (Sum of Items 16 & 17 Less Item 18) (To Item 27)
Schedule 3C - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross revenue from rendition of services)
A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
20 Direct Charges - Salaries, Wages & Benefits
21 Direct Charges - Materials, Supplies & Facilities
22 Direct Charges - Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Total Cost of Services (Sum of Items 20 to 25) (To Item 27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Schedule 1 Item 2)
Annual Income Tax Return Page 5 - Schedules 4 & 5
BIR Form No.
1702-MX June 2013 1702-MX06/13P5
TIN Registered Name
0 0 0 0
Schedule 4 - Other Taxable Income not Subjected to Final Tax
(Attach additional sheet/s, if necessary) A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
1
2
3
4 Total Other Taxable Income not Subjected to Final
Tax (Sum of Items 1 to 3) (To Schedule 1 Item 4)
Schedule 5 - Ordinary Allowable Itemized Deductions (Attach additional sheet/s,
if necessary) A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance (Labor or Labor & Materials)
25 Repairs and Maintenance (Materials/Supplies)
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Annual Income Tax Return Page 6 - Schedules 5 to 8
BIR Form No.
1702-MX June 2013 1702-MX06/13P6
TIN Registered Name
0 0 0 0
Schedule 5 – Ordinary Allowable Itemized Deductions (Continued from Previous Page)
Others [Specify below; Attach additional sheet(s), if
necessary] A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
36
37
38
39
40 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 39) (To Schedule 1 Item 6)
Schedule 6 - Special Allowable Itemized Deductions (Attach additional sheet/s, if necessary) A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
Description Legal Basis
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Schedule 1 Item 7)
Schedule 7 - Computation of Net Operating Loss Carry Over (NOLCO) [only for those taxable under Sec. 27(AtoC); Sec. 28(A) (A)(1) & (A)(6)(b)]
1 Gross Income
2 Less: Total Deductions Exclusive of NOLCO & Deduction Under Special Law
3 Net Operating Loss (Item 1 Less Item 2) (To Schedule 7A)
Schedule 7A - Computation of Available Net Operating Loss Carry Over (NOLCO)
Net Operating Loss B) NOLCO Applied Previous Year
Year Incurred A) Amount
4
5
6
7
Continuation of Schedule 7A (Item numbers continue from table above)
C) NOLCO Expired D) NOLCO Applied Current Year E) Net Operating Loss (Unapplied)
4
5
6
7
8 Total NOLCO (Sum of Items 4D to 7D) (To Schedule 1 Item 8)
Schedule 8 - Tax Credits/Payments-Attach proof A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
1 Prior Year's Excess Credits Other Than MCIT
2 Income Tax Payments under MCIT from Previous Quarter/s
3 Income Tax Payments under Regular/Normal Rate from Previous Quarter/s
4 Excess MCIT Applied this Current Taxable Year (From Schedule 9 Item 4F)
5 Creditable Tax Withheld from Previous Quarter/s
6 Creditable Tax Withheld per BIR Form No. 2307 for the 4th Quarter
Annual Income Tax Return Page 7–Schedules 8 to 10
BIR Form No.
1702-MX June 2013 1702-MX06/13P7
TIN Registered Name
0 0 0 0
Schedule 8 – Tax Credits/Payments (Continued from Previous Page)
Description A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
7 Foreign Tax Credits, if applicable
8 Tax Paid in Return Previously Filed, if this is an Amended Return
9 Income Tax Payments under Special Rate from Previous Quarter/s
10 Special Tax Credits (To Schedule 2 Item 6)
Other Credits/Payments (Specify below):
11
12
13 Total Tax Credits/Payments (Sum of Items 1 to 12) (To Part V Item 38)
Schedule 9 - Computation of Minimum Corporate Income Tax (MCIT) [Applicable only to those taxable under Sec 27 (A to C) & Sec. 28(A)(2)]
Year A) Normal Income Tax as Adjusted B) MCIT C) Excess MCIT over Normal Income Tax
1
2
3
Continuation of Schedule 9 (Item numbers continue from table above)
D) Excess MCIT Applied/Used for Previous Years
E) Expired Portion of Excess MCIT
F) Excess MCIT Applied this Current Taxable Year
G) Balance of Excess MCIT Allowable as Tax Credit for Succeeding Year/s
1
2
3
4 Total Excess MCIT (Sum of Column for Items 1F to 3F) (To Schedule 8 Item 4)
Schedule 10 - Reconciliation of Net Income per Books Against Taxable Income
(Attach additional sheet/s, if necessary)
A. Total Exempt B. Total Special C. Total Regular D. Total All Columns
1 Net Income (Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) (Item 4 Less Item 9)
Annual Income Tax Return Page 8 - Schedules 11 & 12
BIR Form No.
1702-MX June 2013 1702-MX06/13P8
TIN Registered Name
0 0 0 0
Schedule 11- Balance Sheet
Assets
1 Current Assets
2 Long-Term Investment
3 Property, Plant and Equipment – Net
4 Long-Term Receivables
5 Intangible Assets
6 Other Assets
7 Total Assets (Sum of Items 1 to 6)
Liabilities and Equity
8 Current Liabilities
9 Long-Term Liabilities
10 Deferred Credits
11 Other Liabilities
12 Total Liabilities (Sum of Items 8 to 11)
13 Capital Stock
14 Additional Paid-in Capital
15 Retained Earnings
16 Total Equity (Sum of Items 13 to 15)
17 Total Liabilities and Equity (Sum of Items 12& 16)
Schedule 12 – Stockholders Partners Members Information (Top 20 stockholders, partners or members) (On column 3 enter the amount of capital contribution and on the last column enter the percentage this represents on the entire ownership.)
REGISTERED NAME TIN Capital Contribution % to Total
Annual Income Tax Return Page 9 - Schedules 13 & 14
BIR Form No.
1702-MX June 2013 1702-MX06/13P9
TIN Registered Name
0 0 0 0
Schedule 13 - Supplemental Information (Attach additional sheet/s, if necessary)
I) Gross Income/ Receipts Subjected to Final Withholding
A) Exempt B) Actual Amount/Fair Market
Value/Net Capital Gains C) Final Tax Withheld/Paid
1 Interests
2 Royalties
3 Dividends
4 Prizes and Winnings
II) Sale/Exchange of Real Properties A) Sale/Exchange #1 B) Sale/Exchange #2
5 Description of Property (e.g., land, improvement, etc.)
6 OCT/TCT/CCT/Tax Declaration No.
7 Certificate Authorizing Registration (CAR) No.
8 Actual Amount/Fair Market Value/Net Capital Gains
9 Final Tax Withheld/Paid
III) Sale/Exchange of Shares of Stock A) Sale/Exchange #1 B) Sale/Exchange #2
10 Kind (PS/CS) / Stock Certificate Series No. / /
11 Certificate Authorizing Registration (CAR) No.
12 Number of Shares
13 Date of Issue (MM/DD/YYYY) / / / / 14 Actual Amount/Fair Market Value/Net Capital Gains
15 Final Tax Withheld/Paid
IV) Other Income (Specify) A) Other Income #1 B) Other Income #2
16 Other Income Subject to Final Tax Under Sections 57(A)/127/others of the Tax Code, as amended (Specify)
17 Actual Amount/Fair Market Value/Net Capital Gains
18 Final Tax Withheld/Paid
19 Total Final Tax Withheld/Paid (Sum of Items 1C to 4C, 9A, 9B, 15A, 15B, 18A & 18B)
Schedule 14- Gross Income/Receipts Exempt from Income Tax
1 Return of Premium (Actual Amount/Fair Market Value)
I) Personal/Real Properties Received thru Gifts, Bequests, and Devises
A) Personal/Real Properties #1 B) Personal/Real Properties #2
2 Description of Property (e.g., land, improvement, etc.)
3 Mode of Transfer (e.g. Donation)
4 Certificate Authorizing Registration (CAR) No.
5 Actual Amount/Fair Market Value
II) Other Exempt Income/Receipts A) Other Exempt Income #1 B) Other Exempt Income #2
6 Other Exempt Income/Receipts Under Sec. 32 (B) of the Tax Code, as amended (Specify)
7 Actual Amount/Fair Market Value/Net Capital Gains
8 Total Income/Receipts Exempt from Income Tax (Sum of Items 1,5A, 5B, 7A &7B)
For BIR Use Only
BCS/ Item
1702-RT06/13P1
Republika ng Pilipinas Kagawaran ng Pananalapi Kawanihan ng Rentas Internas
Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate
Enter all required information in CAPITAL LETTERS. Mark applicable boxes with an “X”. Two copies MUST be filed with the BIR and one held by the taxpayer.
BIR Form No.
1702-RT June 2013
Page 1
1 For Calendar Fiscal
2 Year Ended (MM/20YY)
/20
3 Amended Return?
Yes No
4 Short Period Return?
Yes No
5 Alphanumeric Tax Code (ATC) IC 055 Minimum Corporate Income Tax (MCIT)
Part I – Background Information
6 Taxpayer Identification Number (TIN) -
- - 0 0 0 0 7 RDO Code
8 Date of Incorporation/Organization (MM/DD/YYYY) / /
9 Registered Name (Enter only 1 letter per box using CAPITAL LETTERS)
10 Registered Address (Indicate complete registered address)
11 Contact Number 12 Email Address
-
13 Main Line of Business 14 PSIC Code
15 Method of Deductions Itemized Deductions [Sections 34 (A-J), NIRC] Optional Standard Deduction(OSD) – 40%of Gross Income [Section 34(L), NIRC as amended by RA No.9504]
Part II – Total Tax Payable (Do NOT enter Centavos)
16 Total Income Tax Due (Overpayment) (From Part IV Item 44)
17 Less: Total Tax Credits/Payments (From Part IV Item 45)
18 Net Tax Payable (Overpayment) (Item 16 Less Item 17) (From Part IV Item 46)
19 Add: Total Penalties (From Part IV Item 50)
20 TOTAL AMOUNT PAYABLE (Overpayment) (Sum of Item 18 and 19) (From Part IV Item 51)
21 If Overpayment, mark “X” one box only (Once the choice is made, the same is irrevocable) To be refunded To be issued a Tax Credit Certificate (TCC) To be carried over as a tax credit for next year/quarter
We declare under the penalties of perjury, that this annual return has been made in good faith, verified by us, and to the best of our 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. (If Authorized Representative, attach authorization letter and indicate TIN)
Signature over printed name of President/Principal Officer/ Authorized Representative Signature over printed name of Treasurer/ Assistant Treasurer Title of Signatory Number of pages filed
22 Community Tax Certificate
(CTC) Number/SEC Reg. No.
23 Date of Issue (MM/DD/YYYY)
/ /
24 Place of Issue
25 Amount, if CTC
Part III – Details of Payment
Details of Payment Drawee Bank/ Agency Number Date (MM/DD/YYYY) Amount
26 Cash/Bank Debit Memo / /
27 Check / /
28 Tax Debit Memo / /
29 Others (Specify Below) / /
Machine Validation/Revenue Official Receipt Details (if not filed with an Authorized Agent Bank)
Stamp of receiving Office/AAB and Date of Receipt (RO’s Signature/Bank Teller’s Initial)
Annual Income Tax Return Page 2
BIR Form No.
1702-RT June 2013 1702-RT06/13P2
Taxpayer Identification Number (TIN) Registered Name
0 0 0 0
Part IV - Computation of Tax (Do NOT enter Centavos)
30 Net Sales/Revenues/Receipts/Fees (From Schedule 1 Item 6)
31 Less: Cost of Sales/Services (From Schedule 2 Item 27)
32 Gross Income from Operation (Item 30 Less Item 31)
33 Add: Other Taxable Income Not Subjected to Final Tax (From Schedule 3 Item 4)
34 Total Gross Income (Sum of Items 32 & 33)
Less: Deductions Allowable under Existing Law
35 Ordinary Allowable Itemized Deductions
(From Schedule 4 Item 40)
36 Special Allowable Itemized Deductions
(From Schedule 5 Item 5)
37 NOLCO (only for those taxable under Sec. 27(A to C); Sec. 28(A)(1)
(A)(6)(b) of the Tax Code (From Schedule 6A Item 8D)
38 Total Itemized Deductions (Sum of Items 35 to 37)
OR [in case taxable under Sec 27(A) & 28(A)(1)]
39 Optional Standard Deduction (40% of Item 34)
40 Net Taxable Income (Item 34 Less Item 38 OR Item 39)
41 Income Tax Rate 30.0%
42 Income Tax Due other than MCIT (Item 40 x Item 41)
43 Minimum Corporate Income Tax (MCIT) (2% of Gross Income in Item 34)
44 Total Income Tax Due (Normal Income Tax in Item 42 or MCIT in Item 43, whichever is higher) (To Part II Item 16)
45 Less: Total Tax Credits/Payments (From Schedule 7 Item 12) (To Part II Item 17)
46 Net Tax Payable (Overpayment) (Item 44 Less Item 45) (To Part II Item 18)
Add Penalties
47 Surcharge
48 Interest
49 Compromise
50 Total Penalties (Sum of Items 47 to 49) (To Part II Item 19)
51 Total Amount Payable (Overpayment) (Sum Item 46 & 50) (To Part II Item 20)
Part V - Tax Relief Availment (Do NOT enter Centavos)
52 Special Allowable Itemized Deductions (30% of Item 36)
53 Add: Special Tax Credits (From Schedule 7 Item 9)
54 Total Tax Relief Availment (Sum of Items 52 & 53)
Part VI - Information - External Auditor/Accredited Tax Agent
55 Name of External Auditor/Accredited Tax Agent
56 TIN
57 Name of Signing Partner (If External Auditor is a Partnership)
58 TIN
59 BIR Accreditation No. 60 Issue Date (MM/DD/YYYY) 61 Expiry Date (MM/DD/YYYY) - - - / / / /
Annual Income Tax Return Page 3 - Schedules 1 & 2
BIR Form No.
1702-RT June 2013 1702-RT06/013P3
Taxpayer Identification Number (TIN) Registered Name
0 0 0 0
Schedule 1 - Sales/Revenues/Receipts/Fees (Attach additional sheet/s, if necessary)
1 Sale of Goods/Properties
2 Sale of Services
3 Lease of Properties
4 Total (Sum of Items 1 to 3)
5 Less: Sales Returns, Allowances and Discounts
6 Net Sales/Revenues/Receipts/Fees (Item 4 Less Item 5) (To Part IV Item 30)
Schedule 2 - Cost of Sales (Attach additional sheet/s, if necessary)
Schedule 2A - Cost of Sales (For those Engaged in Trading)
1 Merchandise Inventory - Beginning
2 Add: Purchases of Merchandise
3 Total Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise Inventory, Ending
5 Cost of Sales (Item 3 Less Item 4) (To Schedule 2 Item 27 )
Schedule 2B - Cost of Sales (For those Engaged in Manufacturing)
6 Direct Materials, Beginning
7 Add: Purchases of Direct Materials
8 Materials Available for Use (Sum of Items 6 & 7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10, 11 & 12)
14 Add: Work in Process, Beginning
15 Less: Work in Process, Ending
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Finished Goods, Beginning
18 Less: Finished Goods, Ending
19 Cost of Goods Manufactured and Sold (Sum of Items 16 & 17 Less Item 18) (To Sched. 2 Item 27)
Schedule 2C - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross revenue from rendition of services)
20 Direct Charges - Salaries, Wages and Benefits
21 Direct Charges - Materials, Supplies and Facilities
22 Direct Charges - Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Total Cost of Services (Sum of Items 20 to 25) (To Item 27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Part IV Item 31)
Annual Income Tax Return Page 4 - Schedules 3 & 4
BIR Form No.
1702-RT June 2013 1702-RT06/13P4
Taxpayer Identification Number (TIN) Registered Name
0 0 0 0
Schedule 3 - Other Taxable Income Not Subjected to Final Tax (Attach additional sheet/s, if necessary)
1
2
3
4 Total Other Taxable Income Not Subjected to Final Tax (Sum of Items 1 to 3) (To Part IV Item 33)
Schedule 4 - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance - (Labor or Labor & Materials)
25 Repairs and Maintenance - (Materials/Supplies)
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
Annual Income Tax Return Page 5 - Schedules 4, 5 & 6
BIR Form No.
1702-RT June 2013 1702-RT06/13P5
Taxpayer Identification Number (TIN) Registered Name
0 0 0 0
Schedule 4 - Ordinary Allowable Itemized Deductions (Continued from Previous Page)
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others [Specify below; Add additional sheet(s), if necessary]
36
37
38
39
40 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 39) (To Part IV Item 35)
Schedule 5 - Special Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description Legal Basis Amount
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Part IV Item 36)
Schedule 6 - Computation of Net Operating Loss Carry Over (NOLCO)
1 Gross Income (From Part IV Item 34)
2 Less: Total Deductions Exclusive of NOLCO & Deduction Under Special Law
3 Net Operating Loss (To Schedule 6A)
Schedule 6A - Computation of Available Net Operating Loss Carry Over (NOLCO)
Net Operating Loss B) NOLCO Applied Previous Year
Year Incurred A) Amount
4
5
6
7
Continuation of Schedule 6A (Item numbers continue from table above)
C) NOLCO Expired D) NOLCO Applied Current Year E) Net Operating Loss (Unapplied)
4
5
6
7
8 Total NOLCO
(Sum of Items 4D to 7D) (To Part IV Item 37)
Annual Income Tax Return Page 6 - Schedules 7, 8 & 9
BIR Form No.
1702-RT June 2013 1702-RT06/13P6
Taxpayer Identification Number (TIN) Registered Name
0 0 0 0
Schedule 7 - Tax Credits/Payments (attach proof) (Attach additional sheet/s, if necessary)
1 Prior Year's Excess Credits Other Than MCIT
2 Income Tax Payment under MCIT from Previous Quarter/s
3 Income Tax Payment under Regular/Normal Rate from Previous Quarter/s
4 Excess MCIT Applied this Current Taxable Year (From Schedule 8 Item 4F)
5 Creditable Tax Withheld from Previous Quarter/s per BIR Form No. 2307
6 Creditable Tax Withheld per BIR Form No. 2307 for the 4th Quarter
7 Foreign Tax Credits, if applicable
8 Tax Paid in Return Previously Filed, if this is an Amended Return
9 Special Tax Credits (To Part V Item 53)
Other Credits/Payments (Specify)
10
11
12 Total Tax Credits/Payments (Sum of Items 1 to 11) (To Part IV Item 45)
Schedule 8 - Computation of Minimum Corporate Income Tax (MCIT)
Year A) Normal Income Tax as Adjusted B) MCIT C) Excess MCIT over Normal Income Tax
1
2
3
Continuation of Schedule 8 (Line numbers continue from table above)
D) Excess MCIT Applied/Used for Previous Years
E) Expired Portion of Excess MCIT
F) Excess MCIT Applied this Current Taxable Year
G) Balance of Excess MCIT Allowable as Tax Credit for Succeeding Year/s
1
2
3
4 Total Excess MCIT (Sum of Column for Items 1F to 3F) (To Schedule 7 Item 4)
Schedule 9 - Reconciliation of Net Income per Books Against Taxable Income (Attach additional sheet/s, if necessary)
1 Net Income/(Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) (Item 4 Less Item 9)
Annual Income Tax Return Page 7 - Schedules 10 & 11
BIR Form No.
1702-RT June 2013 1702-RT06/13P7
Taxpayer Identification Number (TIN) Registered Name
0 0 0 0
Schedule 10 - BALANCE SHEET
Assets
1 Current Assets
2 Long-Term Investment
3 Property, Plant and Equipment – Net
4 Long-Term Receivables
5 Intangible Assets
6 Other Assets
7 Total Assets (Sum of Items 1 to 6)
Liabilities and Equity
8 Current Liabilities
9 Long-Term Liabilities
10 Deferred Credits
11 Other Liabilities
12 Total Liabilities (Sum of Items 8 to 11)
13 Capital Stock
14 Additional Paid-in Capital
15 Retained Earnings
16 Total Equity (Sum of Items 13 to 15)
17 Total Liabilities and Equity (Sum of Items 12 & 16)
11
Schedule 11 – Stockholders Partners Members Information (Top 20 stockholders, partners or members) (On column 3 enter the amount of capital contribution and on the last column enter the percentage this represents on the entire ownership.)
REGISTERED NAME TIN Capital Contribution % to Total
Annual Income Tax Return Page 8 - Schedules 12 & 13
BIR Form No.
1702-RT June 2013 1702-RT06/13P8
Taxpayer Identification Number (TIN) Registered Name
0 0 0 0
Schedule 12 - Supplemental Information (Attach additional sheet/s, if necessary)
I) Gross Income/ Receipts Subjected to Final Withholding
A) Exempt B) Actual Amount/Fair Market
Value/Net Capital Gains C) Final Tax Withheld/Paid
1 Interests
2 Royalties
3 Dividends
4 Prizes and Winnings
II) Sale/Exchange of Real Properties A) Sale/Exchange #1 B) Sale/Exchange #2
5 Description of Property (e.g., land, improvement, etc.)
6 OCT/TCT/CCT/Tax Declaration No.
7 Certificate Authorizing Registration (CAR) No.
8 Actual Amount/Fair Market Value/Net Capital Gains
9 Final Tax Withheld/Paid
III) Sale/Exchange of Shares of Stock A) Sale/Exchange #3 B) Sale/Exchange #4
10 Kind (PS/CS) / Stock Certificate Series No. / /
11 Certificate Authorizing Registration (CAR) No.
12 Number of Shares
13 Date of Issue (MM/DD/YYYY) / / / /
14 Actual Amount/Fair Market Value/Net Capital Gains
15 Final Tax Withheld/Paid
IV) Other Income (Specify) A) Other Income #1 B) Other Income #2
16 Other Income Subject to Final Tax Under Sections 57(A)/127/others of the Tax Code, as amended (Specify)
17 Actual Amount/Fair Market Value/Net Capital Gains
18 Final Tax Withheld/Paid
19 Total Final Tax Withheld/Paid (Sum of Items 1C to 4C, 9A,9B,15A,15B,18A &18B)
Schedule 13- Gross Income/Receipts Exempt from Income Tax
1 Return of Premium (Actual Amount/Fair Market Value)
I) Personal/Real Properties Received thru Gifts, Bequests, and Devises
A) Personal/Real Properties #1 B) Personal/Real Properties #2
2 Description of Property (e.g., land, improvement, etc.)
3 Mode of Transfer (e.g. Donation)
4 Certificate Authorizing Registration (CAR) No.
5 Actual Amount/Fair Market Value
II) Other Exempt Income/Receipts A) Other Exempt Income #1 B) Other Exempt Income #2
6 Other Exempt Income/Receipts Under Sec. 32 (B) of the Tax Code, as amended (Specify)
7 Actual Amount/Fair Market Value/Net Capital Gains
8 Total Income/Receipts Exempt from Income Tax (Sum of Items 1, 5A, 5B, 7A & 7B)
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
1
BIR Form No. 1702-RT (page 6 of 6)
For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR INCOME TAX RATE
These instructions are designed to assist tax filers, or
their representatives, with the preparation of the annual
income tax return (ITR). If there are questions which are
not adequately covered, please consult the local BIR
office. If there appears to be any discrepancies between
these instructions and the applicable laws and regulations,
the laws and regulations take precedence.
What Form to Use:
BIR Form No.
Description
1702-RT Corporation, Partnership and other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate
1702-EX
Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other Special Laws, with NO Other Taxable Income
1702-MX
For Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/ PREFERENTIAL RATE
Who Shall File BIR Form No. 1702-RT
This return shall be filed by Corporation,
Partnership and other Non-Individual Taxpayer Subject
Only to REGULAR Income Tax Rate of 30%. Every
corporation, partnership no matter how created or
organized, joint stock companies, joint accounts,
associations (except foreign corporation not engaged in
trade or business in the Philippines and joint venture or
consortium formed for the purpose of undertaking
construction projects or engaging in petroleum, coal,
geothermal and other energy operations), government-
owned or controlled corporations, agencies and
instrumentalities shall render a true and accurate income tax
return in accordance with the provisions of the Tax Code.
The return shall be filed by the president, vice-president or
other principal officer, and shall be sworn to by such officer
and by the treasurer or assistant treasurer.
When and Where to File and Pay
1) For Electronic Filing and Payment System (eFPS)
Taxpayer: The return shall be e-filed and the tax shall
be e-paid on or before the 15th day of the fourth month
following the close of the taxpayer’s taxable year
using the eFPS facilities thru the BIR website
www.bir.gov.ph.
2) For Non-Electronic Filing and Payment System
(Non-eFPS) Taxpayer: The return shall be filed and the
tax shall be paid on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year with any
Authorized Agent Bank (AAB) located within the territorial
jurisdiction of the Revenue District Office (RDO) where the
taxpayer’s principal office is registered. In places where there
are no AABs, the return shall be filed and the tax shall be paid
with the concerned Revenue Collection Officer (RCO) under
the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic
format under “eBIRForms” (refer to
www.bir.gov.ph) for the preparation, generation and
submission and/or payment of this return with greater
ease and accuracy, upon availability of the same
in the system.
For NO PAYMENT RETURN: The return shall be filed
with the RDO where the taxpayer’s principal office is
registered or with the concerned RCO under the same
RDO on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year.
How to Accomplish the Form
1. Enter all required information in CAPITAL
LETTERS using BLACK INK. Mark applicable
boxes with an “X”. Two copies MUST be filed with
the BIR and one held by the taxpayer.
2. Indicate TIN and registered name on each page;
3. For all questions wherein an appropriate box is
provided for a possible answer, mark the applicable
box corresponding to the chosen answer with an “X”;
4. Required information wherein the space provided has
a letter separator, the same must be supplied with
CAPITAL LETTERS where each character
(including comma or period) shall occupy one box
and leave one space blank for every word. However,
if the word is followed by a comma or period, there
is no need to leave blank after the comma or period.
Do NOT write “NONE” or make any other marks in
the box/es; and
5. Accomplish first the applicable schedules before
accomplishing Parts II to V.
This return is divided into Parts I to VI with accompanying
Schedules 1 to 13. Individual instructions as to the source
of the information and the necessary calculations are
provided on each line item.
PART NO. PARTS
PAGE NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Computation of Tax 2
V Tax Relief Availment 2
VI Information – External Auditor/Accredited Tax Agent
2
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
2
BIR Form No. 1702-RT (page 6 of 6)
SCHED
NO. SCHEDULES PAGE NO.
1 Sales/Revenues/Receipts/Fees 3
2A Cost of Sales (For those Engaged in Trading) 3
2B Cost of Sales (For those Engaged in
Manufacturing) 3
2C Cost of Services 3
3 Other Taxable Income Not Subjected to Final Tax
4
4 Ordinary Allowable Itemized Deductions 4-5
5 Special Allowable Itemized Deductions 5
6 Computation of Net Operating Loss Carry Over (NOLCO)
5
7 Tax Credits/Payments-Attach proof 6
8 Computation of Minimum Corporate Income Tax (MCIT)
6
9 Reconciliation of Net Income per Books Against Taxable Income
6
10 Balance Sheet 7
11 Stockholders/Partners/Members Information
7
12 Supplemental Information 8
13 Gross Income/Receipts Exempt from Income Tax
8
For Items 1 to 5
Item 1 Mark the applicable box with an “X”. This refers
to the accounting period (Fiscal or Calendar year)
upon the basis of which the annual income tax return
is being accomplished;
Item 2 Indicate the taxable year ended covered by the
return being filed;
Item 3 Choose “Yes” if the tax return is one amending
previous return filed, “No” if not;
Item 4 Choose “Yes” if the return is made for a fractional
part of a year (e.g. commencement, retirement or
change in accounting period).
Item 5 Indicate the appropriate ATC as shown in the
Certificate of Registration (BIR Form No. 2303). If
subject to Minimum Corporate Income Tax (MCIT)
for this taxable period, mark the applicable box with
an “X”.
Part I (Items 6-15) Background Information
Item 6 Taxpayer Identification Number (TIN): Enter
the TIN for the corporation, partnership or other
non-individual taxpayer.
Item 7 RDO Code: Enter the appropriate code for the
RDO per BIR Form Nos.1903/2303.
Item 8 Date of Incorporation/Organization: Enter the
date as shown in BIR Form No. 2303. It is the date
when the corporation has been incorporated as per
Certificate of Registration issued by the Securities and
Exchange Commission (SEC)/other regulatory
agencies like the Cooperative Development
Authority, National Electrification Authority, etc.
Item 9 Registered Name: Enter the name as it was
entered on the Certificate of Registration (BIR Form
No. 2303).
Item 10 Registered Address: Enter Registered Address
as indicated in the BIR Form No. 2303. If taxpayer
has moved since the previous filing and has NOT
updated the registration, the taxpayer must update its
registration by filing BIR Form No. 1905.
Item 13 Main Line of Business: Indicate the nature of
the main line of business the company is engaged in
per BIR Form No. 2303.
Item 14 PSIC Code: Philippine Standard Industrial
Classification (PSIC) Code: Refer to
www.bir.gov.ph for the applicable PSIC or visit the
local BIR Office.
Item 15 Method of Deduction: Choose either Itemized
Deduction under Section 34(A-J), NIRC, as
amended, or Optional Standard Deduction (OSD)
which is 40% of Gross Income under Section 34(L),
NIRC, as amended by RA 9504. The chosen method
of deduction used in the first quarter of the year shall
be irrevocable and consistently applied throughout
the year.
Part II (Items 16-21) Total Tax Payable
Accomplish first Part IV – Computation of Tax on
page 2 and other schedules before accomplishing these
items. Then transfer the applicable information from Part
IV to each of the items. Individual instructions as to the
source of the information and the necessary
calculations are provided on each line item.
Signatory Lines: When all pages of the return are
complete, sign the return in the place indicated, enter
the number of pages filed. In Items 23-26, provide
the required information and its details.
Part III (Items 26-29) Details of Payment
Enter the information required and then file the
original ITR plus two (2) copies to any AAB within the
RDO where registered. Refer to www.bir.gov.ph for the
applicable AAB or visit the local BIR Office. For no
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
3
BIR Form No. 1702-RT (page 6 of 6)
payment returns, proceed with filing the ITR with the
RDO where the tax filer is registered or the concerned
RCO under the same RDO.
Part IV (Items 30-51) Computation of Tax
Enter taxpayer’s TIN and Registered Name at the top
of this page and in all succeeding pages. The requirement
for entering centavos on the ITR has been eliminated. If the
amount of centavos is 49 or less, drop down the centavos
(e.g., P 100.49 = P 100.00). If the amount is 50 centavos or
more, round up to the next peso (e.g., P 100.50 = P 101.00).
Accomplish first Schedules 1 to 9 before transferring
these items to the applicable information required in
Part IV-Computation of Tax.
Item 41: The regular/normal rate of income tax is 30%
of net taxable income.
Penalties shall be imposed and collected as part of the tax:
Item 47: A surcharge of twenty five percent (25%) for
each of the following violations:
1. Failure to file any return and pay the amount of tax
or installment due on or before the due date;
2. Unless otherwise authorized by the Commissioner,
filing a return with a person or office other than those
with whom it is required to be filed;
3. Failure to pay the full or part of the amount of tax
shown on the return, or the full amount of tax due for
which no return is required to be filed on or before
the due date;
4. Failure to pay the deficiency tax within the time
prescribed for its payment in the notice of
assessment.
A surcharge of fifty percent (50%) of the tax or of
the deficiency tax shall be imposed in case of willful
neglect to file the return within the period prescribed by
the Tax Code and/or by rules and regulations or in case a
false or fraudulent return is filed.
Item 48: Interest at the rate of twenty percent (20%) per
annum, or such higher rate as may be
prescribed by rules and regulations, on any unpaid
amount of tax, from the date prescribed for the
payment until it is fully paid.
Item 49: Compromise penalty pursuant to existing/
applicable revenue issuances.
Part V (Items 52-54) Tax Relief Availment
Accomplish first Schedules 5 and 7 before entering
these items in Part V. Descriptions are defined in the
applicable schedules.
Part VI (Items 55-61) Information – External
Auditor/Accredited Tax Agent:
All returns filed by an accredited tax agent on
behalf of a taxpayer shall bear the following
information:
A. For CPAs and others (individual practitioners and
members of GPPs);
Items 55 to 58: Name and TIN;
Items 59 to 61: BIR Accreditation Number, Date of
Issuance and Expiry Date.
B. For members of the Philippine Bar (i.e. individual
practitioners, members of GPPs);
Items 55 to 58: Name and TIN;
Items 59 to 61: Attorney’s Roll Number or
Accreditation Number, Date of Issuance, and
Expiry Date.
Schedules 1-3: List down the amounts of sales/ revenues/
receipts/ fees, cost of sales/revenue and other taxable
income not subjected to Final Tax (e.g. Interest
Income from affiliates, sale of scraps, etc.)
Schedule 4 Ordinary Allowable Itemized Deductions:
There shall be allowed as deduction from gross
income all the ordinary and necessary trade and
business expenses paid or incurred during the
taxable year in carrying on or which are directly
attributable to the development, management,
operation and/or conduct of the trade and business.
Itemized deduction also includes interest, taxes,
losses, bad debts, depreciation, depletion, charitable
and other contributions, research and development
and pension trust.
Schedule 5 Special Allowable Itemized Deductions:
These refer to special allowable deductions from
gross income in computing taxable income, in
addition to the regular allowable itemized
deduction, as provided under the existing regular and
special laws, rules and issuances such as, but not
limited to: Rooming-in and Breast-feeding Practices
under R.A. 7600, Adopt-A-School Program under
R.A. 8525, Free Legal Assistance under R.A. 9999,
etc.
Schedule 6 Computation of Net Operating Loss Carry
Over (NOLCO): Detailing the computation of
available NOLCO (applied, unapplied and expired
portion). Only net operating losses incurred by the
qualified taxpayer may be carried over to the three
(3) immediately succeeding taxable years following
the year of such loss.
Guidelines and Instructions BIR Form No. 1702-RT (June 2013)
4
BIR Form No. 1702-RT (page 6 of 6)
Schedule 7 Tax Credits/Payments: Indicate claimed
Tax Credits/Payments and attach necessary proof/s.
Schedule 8 Computation of Minimum Corporate
Income Tax (MCIT): MCIT of two percent (2%)
of the gross income is imposed upon any domestic
corporation and resident foreign corporation
beginning on the fourth (4th) taxable year (whether
calendar or fiscal year, depending on the
accounting period employed) immediately
following the taxable year in which such
corporation commenced its business operation. The
MCIT shall be imposed whenever the corporation
has zero or negative taxable income or whenever the
amount of minimum corporate income tax is greater
than the normal income tax due from such
corporation. Any excess of the MCIT over the
normal income tax shall be carried forward and
credited against the normal income tax for the three
(3) immediate succeeding taxable years. The
computation and the payment of MCIT shall apply
each time a corporate income tax return is filed,
whether quarterly or annual basis.
Schedule 9 Reconciliation of Net Income per Books
Against Taxable Income: Indicate all the
reconciling items to be added or subtracted from the
net income reported in the financial statements to
arrive at the taxable income reported in the income
tax return. Fill up the non-deductible expenses such
as: allowance for bad debts not actually written off,
amortization and others which are not deductible for
taxation purposes. Also, add other taxable income
such as: recovery of bad debts previously written off,
adjustment to retained earnings, and other
adjustments that are considered as income for tax
purposes. (Provide additional sheet/s, if necessary.)
Schedule 10 Balance Sheet: Indicate the amounts as
shown in the Audited Financial Statements.
Schedule 11 Stockholders / Partners / Members
Information: Indicate only the Top 20 stockholders,
partners or members showing the Registered Name,
TIN, amount of capital contribution and the
percentage to the total ownership/equity.
Schedule 12 Supplemental Information: Indicate gross
income subject to final tax: sale/ exchange of real
property; sale/exchange of shares of stocks; other
income and the corresponding final withholding tax,
if applicable.
Schedule 13 Gross Income/Receipts Exempt from
Income Tax: Indicate personal/real properties
received thru gifts, bequests, and devises; and other
exempt income and receipts under Sec. 32(B) of the
NIRC, as amended.
REQUIRED ATTACHMENTS
1. Certificate of independent CPA duly accredited by
the BIR (The CPA Certificate is required if the gross
quarterly sales, earnings, receipts or output exceed
P 150,000).
2. Account Information Form (AIF) and/or Financial
Statements (FS), including the following schedules
prescribed under existing revenue issuances which
must form part of the Notes to the audited FS:
a. Taxes and Licenses
b. Other information prescribed to be disclosed in
the notes to FS
3. Statement of Management’s Responsibility (SMR)
for Annual Income Tax Return.
4. Certificate of Income Payments not subjected to
Withholding Tax (BIR Form No. 2304)
5. Certificate of Creditable Tax Withheld at Source
(BIR Form No. 2307).
6. Duly approved Tax Debit Memo, if applicable.
7. Proof of prior years' excess credits, if applicable.
8. Proof of Foreign Tax Credits, if applicable.
9. For amended return, proof of tax payment and the
return previously filed.
10. Summary Alphalist of Withholding Agents of
Income Payments Subjected to Withholding Tax at
Source (SAWT), if applicable.
11. Proof of other tax payment/credit, if applicable.
ATC DESCRIPTION TAX
RATE TAX BASE
DOMESTIC CORPORATION
IC 010 1. a. In General 30 % Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2 % Gross Income
IC 030 2. a. Proprietary Educational Institution whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources.
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 031 3. a. Non-Stock, Non-Profit Hospitals whose gross income from unrelated trade, business or other activity exceeds fifty percent (50%) of the total gross income from all sources.
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 040 4. a. Government Owned & Controlled Corporations (GOCC), Agencies & Instrumentalities
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 041 5. a. National Government and Local Government Units (LGUs)
30% Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
IC 020 6. a. Taxable Partnership 30%
Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2% Gross Income
RESIDENT FOREIGN CORPORATION
IC 070 1. a. In General 30 % Taxable Income from All Sources
IC 055 b. Minimum Corporate Income Tax 2 % Gross Income
IC 190 Offshore Banking Units (OBUs)
1. a. Foreign Currency Transaction not subjected to Final tax
10 %
Gross Taxable Income on Foreign Currency Transactions not subjected to Final Tax
b. Other than Foreign Currency Transaction 30 % Taxable Income Other Than Foreign Currency Transaction
IC 191 Foreign Currency Deposit Units (FCDU)
1. a. Foreign Currency Transaction on not subjected to Final tax
10 %
Gross Taxable Income on Foreign Currency Transactions not subjected to Final Tax
b. Other than Foreign Currency Transaction 30 %
Taxable Income Other Than Foreign Currency Transaction
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
1
BIR Form No. 1702-RT (page 6 of 6)
Annual Income Tax Return
For Individuals Earning Purely Compensation Income
(Including Non-Business/Non-Profession Income)
These instructions are designed to assist tax filers, or
their representatives, with the preparation of the annual
income tax return (ITR). If there are questions which are not
adequately covered, please consult the local BIR office. If
there appears to be any discrepancies between these
instructions and the applicable laws and regulations, the
laws and regulations take precedence.
Who Shall File
This return shall be filed by every resident citizen
deriving compensation income from all sources, or
resident alien and non-resident citizen with respect to
compensation income from within the Philippines, except
the following:
1. An individual whose gross compensation income
does not exceed his total personal and additional
exemptions.
2. An individual with respect to pure compensation
income, as defined in Section 32(A)(1) derived from
sources within the Philippines, the income tax on
which has been correctly withheld (tax due equals tax
withheld) under the provisions of Section 79 of the
Code: Provided, that an individual deriving
compensation concurrently from two or more
employers at any time during the taxable year shall file
an income tax return.
3. An individual whose income has been subjected to
final withholding tax (alien employee as well as
Filipino employee occupying the same position as that
of the alien employee of regional or area headquarters
and regional operating headquarters of multinational
companies, petroleum service contractors and sub-
contractors, and offshore banking units; non-resident
alien not engaged in trade or business).
4. A minimum wage earner or an individual who is
exempt from income tax.
Married individuals shall file a single return for the
taxable year to include the income of both spouses,
separately computing their individual income tax based
on their respective taxable income, which return shall be
signed by the tax filer or the spouse, or their authorized
representative. Where it is impracticable for the spouses
to file one return, each spouse may file a separate return.
Individuals not required to file an ITR or those
qualified for substituted filing may voluntarily file this
return for purposes of loans, foreign travel requirements,
and for other purposes they may deem proper. Employers
are required to submit Certificate of Compensation
Payment/Tax Withheld (BIR Form No. 2316) to the
Revenue District Office (RDO) where registered on or
before February 28 of the following year.
However, individuals other than those solely earning
income as Overseas Filipino Workers (OFWs) as defined
in RR No. 1-2011 availing of the benefits of special laws,
such as, but not limited to the Personal Equity and
Retirement Account Act (PERA Act) under RA 9505, are
required to file an ITR.
This return shall likewise be used by individuals
earning other taxable income from non-business/non-
profession.
“Minimum Wage Earner” shall refer to a worker in
the private sector paid the statutory minimum wage or to
an employee in the public sector with compensation
income of not more than the statutory minimum wage in
the non-agricultural sector where he/she is assigned.
The term "individual whose compensation income
has been subjected to final withholding tax” shall include
aliens or Filipino citizens occupying the same positions
as the alien employees, as the case may be, who are
employed by regional operating headquarters, regional or
area headquarters, offshore banking units, petroleum
service contractors and sub-contractors, pursuant to
pertinent provisions of Sections 25 (C), (D), (E) and
57(A), including those subject to Fringe Benefits Tax
(FBT) under Section 33 of the Tax Code, as amended,
Republic Act No. 8756, Presidential Decree No. 1354,
and other pertinent laws.
When and Where to File and Pay
A. For Electronic Filing and Payment System (eFPS)
Tax Filers: The return shall be e-filed and the tax shall
be e-paid on or before the 15th day of April of each year
covering income of the preceding taxable year using the
eFPS facilities thru the BIR website www.bir.gov.ph.
B. For Non-Electronic Filing and Payment System
(Non-eFPS) Tax Filers: The return shall be filed and the
tax shall be paid on or before the 15th day of April of each
year covering income of the preceding taxable year with any
Authorized Agent Bank (AAB) located within the territorial
jurisdiction of the RDO where the tax filer is registered. In
places where there are no AABs, the return shall be filed and
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
2
BIR Form No. 1702-RT (page 6 of 6)
the tax shall be paid with the concerned Revenue Collection
Officer (RCO) under the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic format
under “eBIRForms” (refer to www.bir.gov.ph) for the
preparation, generation and submission and/or payment
of this return with greater ease and accuracy, upon
availability of the same in the system.
FOR NO PAYMENT RETURNS: This shall be filed
with the RDO where the tax filer is registered or with the
concerned RCO under the same RDO.
FOR INSTALLMENT PAYMENT: When the tax due
exceeds P 2,000, the tax filer may elect to pay in two
equal installments, the first installment to be paid at the
time the return is filed and the second installment, on or
before July 15 of the same year.
FOR NON-RESIDENT TAX FILER: In case tax filer
has no legal residence or place of business in the
Philippines, the return shall be filed with the Office of the
Commissioner thru RDO No. 39, South Quezon City.
How to Accomplish the Form
1. Enter all required information in CAPITAL
LETTERS using BLACK INK. Mark applicable
boxes with an “X”. Two copies MUST be filed with
the BIR and one held by the tax filer;
2. Indicate Taxpayer Identification Number (TIN) and
registered name on each page;
3. For all questions wherein an appropriate box is provided
for a possible answer, mark the applicable box
corresponding to the chosen answer with an “X”; and
4. Required information wherein the space provided has a
letter separator, the same must be supplied with
CAPITAL LETTERS where each character (including
comma or period) shall occupy one box and leave one
space blank for every word. However, if the word is
followed by a comma or period, there is no need to leave
blank after the comma or period. Do NOT write
“NONE” or make any other marks in the box/es.
For Items 1 to 4
Item 1 Indicate the taxable year covered by the return
being filed;
Item 2 Choose “Yes” if the tax return is one amending
previous return filed, “No” if not;
Item 3 Indicate whether the tax filer and spouse are filing
jointly or not; and
Item 4 Indicate whether the source of income is
compensation income or other income (non-
business/ non-profession).
Part I - Background Information
Item 5 Taxpayer Identification Number (TIN): Enter
the tax filer’s TIN. Spouse’s TIN is entered in Item
17. If no TIN, apply for one before filing using
Application for Registration-For Individuals
Earning Purely Compensation Income and Non-
Resident Citizens/ Resident Alien Employee (BIR
Form No. 1902).
Item 6 RDO Code: Enter the appropriate code for RDO
per BIR Form No. 1902 and/or Certificate of
Update of Exemption and of Employer’s and
Employee’s Information (BIR Form No. 2305).
Item 7 Philippine Standard Occupational
Classification (PSOC) Code: Refer to
www.bir.gov.ph for applicable PSOC or visit the
local BIR Office.
Item 8 Tax Filer’s Name: Print name as it was entered
on the registration forms.
Item 9 Registered Address: This refers to the preferred
address (i.e. residence or employer’s business
address) provided by the tax filer upon registration
with the BIR. If tax filer has moved since the previous
filing and has NOT updated the registration,
accomplish Table 1 on the last page of this ITR.
Items 10-12: Enter the requested information. If no
email address, leave the space blank.
Item 13 Civil Status: Indicate civil status.
Items 14 & 15 Additional Exemption for Qualified
Dependent Children:
An individual shall be allowed an additional exemption
of P25,000 for each qualified dependent child, but not
exceeding four (4). The additional exemption for
dependents shall be claimed by the husband, who is deemed
the proper claimant unless he explicitly waives his right in
favor of his wife. In the case of legally separated spouses,
additional exemption may be claimed only by the spouse
who has custody of the child or children; Provided, that the
total amount of additional exemptions that may be claimed
by both shall not exceed the maximum additional exemption
allowed by the Tax Code.
“Qualified Dependent Child” means a legitimate,
illegitimate or legally adopted child chiefly dependent upon
and living with the tax filer if such dependent is not more than
twenty-one (21) years of age, unmarried and not gainfully
employed or if such dependent, regardless of age, is incapable
of self-support because of mental or physical defect. If “yes”
is marked for Item 14, enter the number of Dependent
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
3
BIR Form No. 1702-RT (page 6 of 6)
Children in Item 15, and then provide the required
information for each child in Table 2.
Should there be additional dependent(s) during the
taxable year, tax filer may claim the corresponding additional
exemption, as the case may be, in full for such year. If the tax
filer dies during the taxable year, his estate may still claim the
personal and additional exemptions for himself and his
dependent(s) as if he died at the close of such taxable year.
If the spouse or any of the dependents dies or if any
of such dependents marries, becomes twenty-one (21)
years old or becomes gainfully employed during the
taxable year, the tax filer may still claim the same
exemptions as if the spouse or any of the dependents died,
or as if such dependents married, became twenty-one (21)
years old or became employed at the close of such year.
Items 16-22 Spouse’s Background Information: Enter
the appropriate information using the same
guidelines as above.
Part II - Total Tax Payable
Items 23-31: Accomplish first Part IV – Computation of
Tax on page 2 before accomplishing these items.
Then transfer the information from Part IV to each
of the items. Individual instructions as to the source
of the information and the necessary calculations are
provided on each line item.
Signature Line: When all pages of the return are
complete, sign the return in the place indicated, enter
the number of pages filed. In Items 32-35, provide
the required information about tax filer’s
Government Issued ID and its details.
Part III (Item 36) - Details of Payment
Enter the information required and then file the original
ITR plus two (2) copies to any AAB within the RDO where
registered. Refer to www.bir.gov.ph for the applicable AAB
or visit the local BIR Office. For no payment returns, proceed
with filing the ITR with the RDO where the tax filer is
registered or the concerned RCO under the same RDO.
Part IV - Computation of Tax
At the top of this page and in all succeeding pages that
are to be filed, enter tax filer’s TIN and Last Name. The
requirement for entering centavos on the ITR has been
eliminated. If the amount of centavos is 49 or less, drop down
centavos (e.g. P100.49 = P100.00). If the amount it 50
centavos or more, round up to the next peso (e.g. P100.50 =
P101.00)
Items 1-4: Enter the required information for each of the
employers and mark whether the information is for
the Tax filer or the Spouse. Attach additional sheets,
if necessary. On Item 4A, enter the Total Gross
Compensation and Total Tax Withheld for the Tax
Filer. On Item 4B, enter the appropriate information
for the Spouse.
Item 5 Non-Taxable/Exempt Income: This includes
enumerations under Sections 32B of the NIRC, as
amended, and other applicable rules and regulations,
including De Minimis Benefits within the limitations
prescribed under existing revenue issuances.
Item 6 Gross Taxable Compensation Income: This
refers to Item 4A.1 or 4B.1 less the Non-
Taxable/Exempt Income in Item 5. The Gross
Taxable Compensation Income does not include
employees’ contributions to SSS, GSIS, HDMF,
PHIC and Union Dues. Refer to BIR Form No. 2316
issued by the employer/s.
Item 7 Premium Payment on Health and/or
Hospitalization Insurance: The amount of
premiums not to exceed Two Thousand Four
Hundred Pesos (P2,400) per family or Two
Hundred Pesos (P200) a month paid during the
taxable year for health and/or hospitalization
insurance taken by the tax filer for himself, including
his family, shall be allowed as a deduction from his
gross income; Provided, that said family has a gross
income of not more than Two Hundred Fifty
Thousand Pesos (P250,000) for the taxable year;
Provided, finally, that in the case of married tax
filers, only the spouse claiming the additional
exemption for dependents shall be entitled to this
deduction.
Items 8 & 9 Personal and Additional Exemptions:
An individual tax filer shall be allowed a basic
personal exemption of Fifty Thousand Pesos (P50,000).
In the case of married individuals where only one of the
spouses is deriving income, only such spouse shall be
allowed the personal exemption. An individual shall be allowed an additional
exemption of P 25,000 for each qualified dependent child,
not exceeding four (4). The additional exemption for
dependents shall be claimed by the husband, who is
deemed the proper claimant unless he explicitly waives
his right in favor of his wife.
Items 10, 11, 13 & 14: Calculate as indicated on the
form.
Item 12 Other Taxable Income: Any non-business/non-
profession related income reported under "other
Guidelines and Instructions for BIR Form No. 1700 June 2013 (ENCS)
4
BIR Form No. 1702-RT (page 6 of 6)
taxable income" should reflect only the taxable
amount. Example: Honorarium received not in the
practice of business or profession by an employee
other than from his employer.
Items 15-20 Computation of Tax Credits/Payments:
Enter the applicable amounts in the Tax filer and/or
Spouse column. On Item 20 calculate the Net Tax
Payable. Attach proof on income received and credits
claimed, e.g. BIR Form No. 2316.
Over withholding of income tax on compensation
shall be refunded by the employer, except if the over
withholding is due to the employee’s failure or refusal to
file BIR Form No. 2305, or supplies false or inaccurate
information, the excess shall not be refunded but shall be
forfeited in favor of the government.
Item 21 Net Tax Payable (Overpayment) For Tax
Filer and Spouse: This is the aggregate amount of
Tax Payable (Overpayment) for both Tax Filer and
Spouse.
Item 22 Portion of Tax Payable Allowed for 2nd
Installment: Indicate the amount applicable.
Items 23, 27 & 28: Calculate as indicated in the form.
Penalties shall be imposed and
collected as part of the tax
Item 24: A surcharge of twenty five percent (25%) for
each of the following violations:
1. Failure to file any return and pay the amount of tax
or installment due on or before the due date;
2. Unless otherwise authorized by the Commissioner,
filing a return with a person or office other than those
with whom it is required to be filed;
3. Failure to pay the full or part of the amount of tax
shown on the return, or the full amount of tax due for
which no return is required to be filed on or before
the due date;
4. Failure to pay the deficiency tax within the time
prescribed for its payment in the notice of
assessment.
A surcharge of fifty percent (50%) of the tax or of
the deficiency tax shall be imposed in case of willful
neglect to file the return within the period prescribed by
the Tax Code and/or by rules and regulations or in case a
false or fraudulent return is filed.
Item 25: Interest at the rate of twenty percent (20%) per
annum, or such higher rate as may be prescribed by
rules and regulations, on any unpaid amount of tax,
from the date prescribed for the payment until it is
fully paid.
Item 26: Compromise penalty pursuant to existing/
applicable revenue issuances.
Part V - Supplemental Information
Fill-up applicable fields.
“Fair Market Value” as determined in accordance with
the Tax Code, as amended, and existing revenue
issuances shall be used in reporting the non-cash
income and receipts in the Supplemental
Information.
REQUIRED ATTACHMENTS: 1. Certificate of Compensation Payment/Tax Withheld
(BIR Form No. 2316).
2. Waiver of the husband’s right to claim additional
exemption, if applicable.
3. Duly approved Tax Debit Memo, if applicable.
4. Proof of Foreign Tax Credits, if applicable.
5. For amended return, proof of tax payment and the
return previously filed.
6. Proof of other tax payment/credit, if applicable.
7. Authorization letter, if filed by authorized
representative.
Tax Table If Taxable Income is: Tax Due is: If Taxable Income is: Tax Due is:
Not over P 10,000 5%
Over P 10,000 but not over P 30,000
P 500 + 10% of the excess over P 10,000
Over P 140,000 but not over P 250,000
P 22,500 + 25% of the excess over P 140,000
Over P 30,000 but not over P 70,000
P 2,500 + 15% of the excess over P 30,000
Over P 250,000 but not over P 500,000
P 50,000 + 30% of the excess over P 250,000
Over P 70,000 but not over P 140,000
P 8,500 + 20% of the excess over P 70,000
Over P 500,000 P 125,000 + 32% of the excess over P 500,000
Annual Income Tax Return Part VIII-Mandatory Attachments Per Activity
Page 1m - Schedules A, B & C
BIR Form No.
1702-MX June 2013
1702-MX06/13P1m
TIN Registered Name
0 0 0 0
Mark "X" the applicable Tax Regime Exempt Special Rate Use as many Mandatory Attachments per Activity - Part VIII as necessary, if there are more than one activities/programs under EXEMPT
and/or SPECIAL Tax Regimes. Consolidate the amounts of all Mandatory Attachments PER TAX REGIME and reflect the same to the corresponding schedules and columns under Schedules 1 to 8 of Part VII.
Part VIII – Mandatory Attachments Per Activity (Schedules Per Tax Regime)
Schedule A - Taxpayer's Activity Profile for Tax Relief Under Special Law/International Tax Treaty (Accomplish the Mandatory Attachments for each of activity, as applicable)
1 Investment Promotion Agency (IPA) /Government Entity
2 Legal Basis
3 Registered Activity/Program (Registration No)
4 Special Tax Rate .
%
5 Effectivity Date of Tax Relief/Exemption(From) / /
6 Expiration Date of Tax Relief/Exemption(To) /
/
Schedule B – Computation of Income Tax
1 Net Sales/Revenues/Receipts/Fees (From Schedule D Item 6) (To Part VII Schedule 1 Item 1)
2 Less: Cost of Sales/Services (From Schedule E Item 27) (To Part VII Schedule 1 Item 2)
3 Gross Income from Operations (Item 1 Less Item 2) (To Part VII Schedule 1 Item 3)
4 Add: Other Taxable Income Not Subjected to Final Tax (From Schedule F Item 4) (To Part VII Schedule 1 Item 4)
5 Total Gross Income (Sum of Items 3 & 4) (To Part VII Schedule 1 Item 5)
6 Ordinary Allowable Itemized Deductions (From Schedule G Item 40) (To Part VII Schedule 1 Item 6)
7 Special Allowable Itemized Deductions (From Schedule H Item 5) (To Part VII Schedule 1 Item 7)
8 NOLCO [only for those taxable under Sec. 27(A to C); Sec. 28(A)(1) & (A)(6)(b) of the Tax Code]
(From Schedule I Item 8D) and (To Part VII Sched. 1 Item 8)
9 Total Itemized Deductions (Sum of Items 6 to 8) (To Part VII Schedule 1 Item 9)
10 Net Taxable Income / Net Income (Item 5 Less Item 9) (To Part VII Schedule 1 Item 10)
11 Applicable Income Tax Rate (i.e., Special/ Preferential rate) . % 12 Total Income Tax Due (Item 5 OR Item 10 X Item 11) (To Part VII Schedule 1 Item 12)
Schedule C – Tax Relief Availment
1 Tax Relief on Net Income (Schedule B Item 10 X 30%)
2 Tax Relief on Special Allowable Itemized Deductions (Schedule H Item 5 X 30%)
3 Sub Total – Tax Relief (Sum of Items 1 & 2)
4 Less: Income Tax Due (Schedule B Item 11)
5 Tax Relief Availment Before Special Tax Credits (Item 3 Less Item 4)
6 Add: Special Tax Credits, if any (From Schedule I Item 10)
7 Total Tax Relief Availment (Sum of Items 5 & 6)
Annual Income Tax Return Part VIII-Mandatory Attachments
Per Activity Page 2m – Schedules D & E
BIR Form No.
1702-MX June 2013
1702-MX06/13P2m
TIN Registered Name
0 0 0 0
Schedule D - Sales/Revenues/Receipts/Fees (Attach additional sheet/s, if necessary)
1 Sale of Goods/Properties
2 Sale of Services
3 Lease of Properties
4 Total (Sum of Items 1 to 3)
5 Less: Sales Returns/Discounts
6 Net Sales/Revenues/Receipts/Fees (Item 4 Less Item 5) (To Schedule B Item 1)
Schedule E1 - Cost of Sales (For those engaged in Trading) (Attach additional sheet/s, if necessary)
1 Merchandise Inventory, Beginning
2 Add: Purchases of Merchandise
3 Total Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise Inventory, Ending
5 Cost of Sales (Item 3 Less Item 4) (To Item 27)
Schedule E2 - Cost of Sales (For those engaged in Manufacturing) (Attach additional sheet/s, if necessary)
6 Direct Materials, Beginning
7 Add: Purchases
8 Materials Available for Use (Sum of Items 6 &7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10, 11 & 12)
14 Work in Process, Beginning
15 Less: Work in Process, End
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Finished Goods, Beginning
18 Less: Finished Goods, End
19 Cost of Goods Manufactured and Sold (Sum of Items 16 & 17 Less Item 18) (To Item 27)
Schedule E3 - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross revenue from rendition of service)
20 Direct Charges - Salaries, Wages and Benefits
21 Direct Charges - Materials, Supplies and Facilities
22 Direct Charges - Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Total Cost of Services (Sum of Items 20 to 25) (To Item 27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Schedule B Item 2)
Annual Income Tax Return Part VIII-Mandatory Attachments
Per Activity Page 3m – Schedules F & G
BIR Form No.
1702-MX June 2013
1702-MX06/13P3m
TIN Registered Name
0 0 0 0
Schedule F - Other Taxable Income Not Subjected to Final Tax (Attach additional sheet/s, if necessary)
1
2
3
4 Total Other Taxable Income not Subjected to Final Tax (Sum of Items 1 to 3) (To Schedule B Item 4)
Schedule G - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance – Labor or Labor & Materials
25 Repairs and Maintenance – Materials/Supplies
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
Annual Income Tax Return Part VIII- Mandatory Attachments
Per Activity Page 4m – Schedules G, H, & I
BIR Form No.
1702-MX June 2013
1702-MX06/13P4m
TIN Registered Name
0 0 0 0
Schedule G - Ordinary Allowable Itemized Deductions (Continued from Previous Page)
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others [Specify below; Add additional sheet(s) If necessary]
36
37
38
39
40 Total Ordinary Allowable Itemized Deductions (Sum of Items 1 to 39) (To Schedule B Item 6)
Schedule H - Special Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description Legal Basis
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Schedule B Item 7)
Schedule I - Computation of Net Operating Loss Carry Over (NOLCO) [only for those taxable under Sec. 27(AtoC); Sec. 28(A) (A)(1) & (A)(6)(b)]
1 Gross Income
2 Less: Total Deductions Exclusive of NOLCO & Deduction Under Special Law
3 Net Operating Loss (Item 1 Less Item 2) (To Part VIII Schedule IA below)
Schedule I A - Computation of Available Net Operating Loss Carry Over (NOLCO)
Net Operating Loss B) NOLCO Applied Previous Year
Year Incurred A) Amount
4
5
6
7
Continuation of Schedule I A (Item numbers continue from table above)
C) NOLCO Expired D) NOLCO Applied Current Year E) Net Operating Loss (Unapplied)
4
5
6
7
8 Total NOLCO (Sum of Items 4D to 7D) (To Part VIII Schedule B Item 8)
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
1
Annual Income Tax Return
For Self-Employed Individuals, Estates and Trusts
These instructions are designed to assist taxpayers, or their
representatives, with the preparation of the annual income tax return
(ITR). If there are questions which are not adequately covered, please
consult the local BIR office. If there appears to be any discrepancies
between these instructions and the applicable laws and regulations, the
laws and regulations take precedence.
Who Shall File
BIR Form No. 1701 shall be filed by individuals who are engaged
in trade/business or the practice of profession including those with mixed
income (i.e., those engaged in the trade/business or profession who are
also earning compensation income) in accordance with Sec. 51 of the
Code, as amended. The annual income tax return summarizes all the
transactions covering the calendar year of the taxpayer.
This return shall be filed by the following individuals
regardless of amount of gross income:
1. A resident citizen engaged in trade, business, or practice of profession
within and without the Philippines.
2. A resident alien, non-resident citizen or non-resident alien individual
engaged in trade, business or practice of profession within the
Philippines.
3. A trustee of a trust, guardian of a minor, executor/administrator of an
estate, or any person acting in any fiduciary capacity for any person,
where such trust, estate, minor, or person is engaged in trade or
business.
4. An individual engaged in trade or business or in the exercise of their
profession and receiving compensation income as well.
All individuals, estates and trusts above required under the law and
existing issuances to file this return should also fill up Part IX hereof.
Said individuals, estates and trusts shall declare such income subject to
final tax and those exclusions from gross income under Section 32(B) of
the Tax Code, as amended.
Married individuals shall file a return for the taxable year to include the
income of both spouses, computing separately their individual income tax
based on their respective total taxable income. Where it is impracticable for
the spouses to file one return, each spouse may file a separate return of
income. If any income cannot be definitely attributed to or identified as
income exclusively earned or realized by either of the spouses, the same shall
be divided equally between the spouses for the purpose of determining their
respective taxable income.
The income of unmarried minors derived from property
received from a living parent shall be included in the return of the parent
except (1) when the donor’s tax has been paid on such property, or (2)
when the transfer of such property is exempt from donor’s tax.
If the taxpayer is unable to make his own return, the return may be
made by his duly authorized agent or representative or by the guardian or
other person charged with the care of his person or property, the principal
and his representative or guardian assuming the responsibility of making
the return and incurring penalties provided for erroneous, false or
fraudulent returns.
When and Where to File and Pay
A. For Electronic Filing and Payment System (eFPS) Taxpayer: The
return shall be e-filed and the tax shall be e-paid on or before the 15th day
of April of each year covering income of the preceding taxable year
using the eFPS facilities thru the BIR website www.bir.gov.ph.
B. For Non-Electronic Filing and Payment System (Non-eFPS)
Taxpayer: The return shall be filed and the tax shall be paid on or before
the 15th day of April of each year covering income of the preceding
taxable year with any Authorized Agent Bank (AAB) located within the
territorial jurisdiction of the RDO where the taxpayer is registered. In
places where there are no AABs, the return shall be filed and the tax shall
be paid with the concerned Revenue Collection Officer (RCO) under the
jurisdiction of the RDO.
Non-eFPS taxpayers may opt to use the electronic format under
“eBIRForms” (refer to www.bir.gov.ph) for the preparation,
generation and submission and/or payment of this return with greater
ease and accuracy, upon availability of the same in the system.
FOR NO PAYMENT RETURNS: This shall be filed with the RDO
where the taxpayer is registered or with the concerned RCO under the
same RDO.
FOR INSTALLMENT PAYMENT: When the tax due exceeds P2,000,
the taxpayer may elect to pay in two equal installments, the first
installment to be paid at the time the return is filed and the second
installment, on or before July 15 of the same year.
FOR NON-RESIDENT TAXPAYER: In case taxpayer has no legal
residence or place of business in the Philippines, the return shall be filed
with the Office of the Commissioner thru RDO No. 39, South Quezon
City.
How to Accomplish the Form
1. Enter all required information in CAPITAL LETTERS using
BLACK INK. Mark applicable boxes with an “X”. Two copies
MUST be filed with the BIR and one held by the taxpayer;
2. Indicate Taxpayer Identification Number (TIN) and registered name
on each page;
3. For all questions wherein an appropriate box is provided for a
possible answer, mark the applicable box corresponding to the
chosen answer with an “X”; and
4. Required information wherein the space provided has a letter
separator, the same must be supplied with CAPITAL LETTERS
where each character (including comma or period) shall occupy one
box and leave one space blank for every word. However, if the word
is followed by a comma or period, there is no need to leave blank
after the comma or period. Do NOT write “NONE” or make any
other marks in the box/es.
This return is divided into Parts I to X with accompanying Schedules
1 to 12. Individual instructions as to the source of the information and the
necessary calculations are provided on each line item.
PART
NO. PARTS
PAGE
NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Computation of Income Tax-REGULAR RATE 2
V Summary of Income Tax Due 3
VI Tax Relief Availment 3
VII Other Relevant Information -SPOUSE 4
VIII Information – External Auditor/Accredited Tax
Agent 4
IX Consolidated Computation by Tax Regime 12
X
Mandatory Attachments for Exempt/Special Tax
Regime per Activity- USE THIS IF THERE ARE
MORE THAN ONE EXEMPT AND/OR
SPECIAL TAX REGIME. Consolidate the amounts
of all Mandatory Attachments PER TAX REGIME and
reflect the same to the corresponding schedules and columns of Part IX.
1m
to
5m
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
2
SCHED
NO. SCHEDULES
PAGE
NO.
1 Gross Compensation and Tax Withheld 5
2 Sales/Revenues/Receipts/Fees 5
3 Other Taxable Income Not Subjected to Final Tax 5
4A Cost of Sales (For those Engaged in Trading) 5
4B Cost of Sales (For those Engaged in Manufacturing) 6
4C Cost of Services 6
5 Non-Operating Income 6
6 Ordinary Allowable Itemized Deductions 6-7
7 Special Allowable Itemized Deductions 8
8 Computation of Net Operating Loss Carry Over
(NOLCO)
8
9 Tax Credits/Payments-Attach proof 9
10 Balance Sheet 9
11A Tax Filer’s-Reconciliation of Net Income per Books Against Taxable Income
10
11B Spouse’s-Reconciliation of Net Income per Books
Against Taxable Income
10
12 Supplemental Information 11
For Items 1 to 4:
Item 1 Indicate the taxable year covered by the return being filed;
Item 2 Choose “Yes” if the tax return is one amending previous return
filed, “No” if not;
Item 3 Choose “Yes” if the return is made for a fractional part of a year
(e.g. commencement or retirement); and
Item 4 Indicate the appropriate Alphanumeric Tax Code (ATC).
Part I (Items 5 to 25) – Background Information on TAX FILER
Item 5 Taxpayer Identification Number (TIN): Enter tax filer’s TIN.
Spouse’s TIN is entered in Item 95. If no TIN, apply for one before filing
using Application for Registration-For Self-Employed and Mixed Income
Individuals, Estates and Trusts (BIR Form No. 1901).
Item 6 RDO Code: Enter the appropriate code for the RDO per BIR
Form No. 1901 and/or Certificate of Registration (BIR Form
No. 2303).
Item 7 Tax Filer Type: Mark applicable boxes with an “X”.
Item 8 Tax filer‘s Name: Enter the Last Name, First Name, Middle
Name for individuals/ ESTATE of First Name, Middle Name, Last
Name /TRUST FAO First Name, Middle Name, Last Name as it
was entered on the BIR Form Nos. 1901/1905/2303.
Item 9 Trade Name: Indicate trade name as shown in the Department of
Trade and Industry’s Certificate of Registration, Mayor’s Permit
etc.
Item 10 Registered Address: Enter Registered Address as indicated in
BIR Form No. 2303. If tax filer has moved since the previous filing
and has NOT updated the registration, update the registration by
filing BIR Form No. 1905. In the meantime, accomplish Part VIIB
on page 4 of this ITR.
Items 11 to 16: Fill-up required information.
Item 17 Main Line of Business: Indicate the nature of the business the
taxpayer is engaged in as indicated in BIR Form No. 2303.
Item 18 to 19 PSIC/PSOC Code: Indicate the Philippine Standard
Industrial Classification (PSIC) Code and/or Philippine Standard
Occupational Classification (PSOC) Code. Refer to
www.bir.gov.ph for the applicable PSIC/PSOC or visit the local
BIR Office.
Item 20 Method of Deduction: Choose either Itemized Deduction under
Section 34(A-J), NIRC or Optional Standard Deduction (OSD),
which is 40% of Gross Sales/Receipts/Revenues/Fees under
Section 34(L), NIRC as amended by RA 9504. The option to
choose applies only to individuals subject to Sec. 24 of the Tax
Code, as amended, and with no special/preferential tax rates
applied. The chosen method of deduction used in the first quarter
of the year shall be irrevocable and consistently applied throughout
the year.
Individual taxpayers with mixed income subject to income tax rates
other than the income tax rates prescribed under Sec. 24 of the Tax Code,
as amended, are not included among those individuals with option to
elect the Optional Standard Deductions under Sec. 24 (L) of the same
Tax Code. Hence, they are allowed to use only the itemized deductions
method.
Item 21 to 23: Mark applicable box with an “X”.
Item 24 to 25 Claiming Additional Exemption: An individual shall be
allowed an additional exemption of P25,000 for each qualified
dependent child, but not exceeding four (4). The additional
exemption for dependents shall be claimed by the husband, who is
deemed the proper claimant unless he explicitly waives his right in favor
of his wife. In the case of legally separated spouses, additional
exemption may be claimed only by the spouse who has custody of the
child or children; Provided, that the total amount of additional
exemptions that may be claimed by both shall not exceed the
maximum additional exemption allowed by the Tax Code.
“Qualified Dependent Child” means a legitimate, illegitimate or legally
adopted child chiefly dependent upon and living with the taxpayer if such
dependent is not more than twenty-one (21) years of age, unmarried and
not gainfully employed or if such dependent, regardless of age, is
incapable of self-support because of mental or physical defect. If “yes”
is marked for Item 24, enter the number of Dependent Children in Item
25, and then provide the required information for each child in Part VIIA.
Should there be additional dependent(s) during the taxable year,
tax filer may claim the corresponding additional exemption, as the case
may be, in full for such year. If the taxpayer dies during the taxable year,
his estate may still claim the personal and additional exemptions for
himself and his dependent(s) as if he died at the close of such taxable
year.
If the spouse or any of the dependents dies or if any of such
dependents marries, becomes twenty-one (21) years old or becomes
gainfully employed during the taxable year, the taxpayer may still claim
the same exemptions as if the spouse or any of the dependents died, or as
if such dependents married, became twenty-one (21) years old or became
employed at the close of such year.
Part II (Items 26 to 32) Total Tax Payable:
Complete first Part IV – Computation of Income Tax on page 2
before accomplishing these items. Then transfer the information from
Part IV to each of the items. Individual instructions as to the source of
the information and the necessary calculations are provided on each line
item.
Overpayment Line: An excess of the total tax credits/payments over the
actual income tax due computed in the final adjusted return may be
refunded or issued with the Tax Credit Certificate to the taxpayer
or credited against its estimated income tax liabilities for the
quarters of the succeeding taxable years. The taxpayer shall
exercise its option by placing an “X” in the appropriate box, which
option shall be considered irrevocable for that taxable period. Thus,
once the taxpayer opted to carry-over and apply the excess income
tax against income tax due for the succeeding taxable year, no
application for cash refund or issuance of a tax credit certificate
shall be allowed. In case the taxpayer fails to signify its choice, the
excess payment shall be automatically carried-over to the next
taxable period.
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
3
Signature Line: When all pages of the return are complete, sign the
return in the place indicated, enter the number of pages filed in Item
33. In Items 34-37, provide the required information about tax
filer’s Government Issued ID and its details.
Part III (Items 38 to 40) Details of Payment
Enter the information required and then file the original ITR plus two (2)
copies to any AAB within the RDO where registered. Refer to www.bir.gov.ph
for the applicable AAB or visit the local BIR Office. For no payment returns,
proceed with filing the ITR with the RDO where the taxpayer is registered or
the concerned RCO under the same RDO.
Part IV (Items 41 to 67) Computation of Income Tax-REGULAR
RATE
At the top of this page and in all succeeding pages that are to be filed,
enter the tax filer’s TIN and Last Name. The requirement for entering
centavos on the ITR has been eliminated. If the amount of centavos is 49 or
less, drop down the centavos (e.g. P100.49 = P100.00). If the amount is 50
centavos or more, round up to the next peso (P100.50 = P101.00).
Generally, for all the lines in this part there is a need to complete
the appropriate schedules and then transfer the sub-totals to the
appropriate line. On the other lines make the appropriate
calculations as directed and enter the totals.
Item 44 Premium Payment on Health and/or Hospitalization
Insurance: The amount of premiums not to exceed Two
Thousand Four Hundred Pesos (P2,400) per family or Two
Hundred Pesos (P200) a month paid during the taxable year for
health and/or hospitalization insurance taken by the tax filer for
himself, including his family, shall be allowed as a deduction from
his gross income; Provided, that said family has a gross income
of not more than Two Hundred Fifty Thousand Pesos (P250,000)
for the taxable year; Provided, finally, that in the case of married
tax filers, only the spouse claiming the additional exemption for
dependents shall be entitled to this deduction.
Items 45 & 46 Personal and Additional Exemptions:
An individual tax filer shall be allowed a basic personal exemption
of Fifty Thousand Pesos (P50,000). In the case of married individuals
where only one of the spouses is deriving income, only such spouse shall
be allowed the personal exemption. An individual shall be allowed an additional exemption of
P25,000 for each qualified dependent child, not exceeding four (4). The
additional exemption for dependents shall be claimed by the husband,
who is deemed the proper claimant unless he explicitly waives his right
in favor of his wife.
An Estate or Trust shall be allowed an exemption of Twenty
Thousand Pesos (P20,000).
Item 47 to 56: Fill-up and/or compute required information.
Items 57 to 59 Deductions Allowed under Existing Laws: May choose
either the itemized or optional standard deduction, subject to
REGULAR TAX RATES only. It shall indicate the choice by
marking with an “X” the appropriate box, otherwise, it shall be
considered as having availed of the itemized deduction. Such
choice made in the initial quarterly return during the taxable year
is irrevocable for the said year for which the return is made. The
ordinary and special deductions are discussed further under the
appropriate schedule. Itemized deductions only, if subject to
REGULAR and SPECIAL/ EXEMPT Tax Regime.
Item 61 Optional Standard Deduction (OSD): A maximum of 40% of the
Total Sales/Revenue Receipts/Fees in Item 52 shall be allowed as
deduction in lieu of the itemized deduction if subject to REGULAR
Income Tax Regime Only. However, individuals who availed and
claimed this deduction is no longer required to submit the financial
statements when filing the annual tax return but required to keep such
records pertaining to the gross sales or receipts.
Item 62 to 66: Compute to arrive at the total taxable income.
Item 67: The regular/normal graduated rate of income tax is 5-32% of
net taxable income.
Part V (Items 68 to 80) Summary of Income Tax Due:
Complete the appropriate schedules and then transfer the sub-totals to the
appropriate line from Part IV- Computation of Income Tax-Regular Rate,
and Part IX- Consolidated Computation by Tax Regime
Penalties shall be imposed and
collected as part of the tax
Item 81 Surcharge:
1) A surcharge of twenty five percent (25%) for each of the
following violations:
a) Failure to file any return and pay the amount of tax or installment
due on or before the due dates;
b) Unless otherwise authorized by the Commissioner, filing a return with a
person or office other than those with whom it is required to be filed;
c) Failure to pay the full or part of the amount of tax shown on the
return, or the full amount of tax due for which no return is required
to be filed, on or before the due date;
d) Failure to pay the deficiency tax within the time prescribed for its
payment in the notice of assessment.
2) A surcharge of fifty percent (50%) of the basic tax or of the
deficiency tax shall be imposed in case of willful neglect to file the
return within the period prescribed by the Tax Code and/or by rules and
regulations or in case a false or fraudulent return is filed.
Item 82 Interest: Interest at the rate of twenty percent (20%) per annum
on any unpaid amount of tax, from the date prescribed for the
payment until it is fully paid.
Item 83 Compromise: This penalty is pursuant to existing/applicable
revenue issuances.
Part VI- Tax Relief Availment:
Taxpayer availing of any tax relief under the Tax Code must fill-
up Items 86-94.
For ECOZONES: Gross income shall refer to gross sales or gross
revenue derived from registered business activity within the zone, net of sales
discounts, sales returns and allowances minus cost of sales or direct costs but
before any deductions for administrative, marketing, selling, operating
expenses or incidental losses during a given taxable period.
For BCDA: Gross income shall refer to gross sales or gross revenue
derived from registered business activity within the zone, net of sales
discounts, sales returns and allowances minus cost of sales or direct costs
but before any deductions for administrative, marketing, selling,
operating expenses or incidental losses during a given taxable period. For
those engaged in financial enterprises, gross income shall include interest
income, gains from sales and other income net of costs of funds.
Item 89 Other Special Tax Credit refers to tax credit allowed under
special laws, rules and issuances.
Part VII (Items 95 to 111) Other Relevant Information: SPOUSE: Follow similar procedures as that of the tax filer, if any.
Part VIIA - Qualified Dependent Children: If wife is claiming for
additional exemption, please attach waiver of the husband.
Part VIIB - Current Address: Accomplish if current address is
different from registered address in Item 10.
Part VIII (Items 112 to 118) Information – External Auditor/
Accredited Tax Agent:
All returns filed by an accredited tax agent on behalf of a taxpayer
shall bear the following information:
a) For CPAs and others (individual practitioners and members of GPPs);
Items 112 to 115: Name and Taxpayer Identification Number (TIN);
Items 116 to 118: BIR Accreditation Number, Date of Issuance, and
Expiry Date.
Guidelines and Instructions for BIR Form No. 1701 June 2013 (ENCS)
4
b) For members of the Philippine Bar (i.e. individual practitioners,
members of GPPs);
Items 112 to 115: Name and Taxpayer Identification Number (TIN);
Items 116 to 118: Attorney’s Roll Number or Accreditation Number,
Date of Issuance, and Expiry Date.
SCHEDULES: The information provided in all of the schedules must be supported by
appropriate documents.
Schedule 1 - Gross Compensation Income and Tax Withheld of tax filer
and/or Spouse.
Schedules 2 to 5 - Fill-up the information provided in appropriate
schedules and must be supported by appropriate documents.
Schedule 6 - Ordinary Allowable Itemized Deductions (Attach
additional sheets, if necessary): There shall be allowed as deduction from gross
income all the ordinary and necessary trade and business expenses paid or
incurred during the taxable year in carrying on or which are directly attributable
to the development, management, operation and/or conduct of the trade and
business. Itemized deduction includes also interest, taxes, losses, bad debts,
depreciation, depletion, charitable and other contributions, research and
development and pension trust.
Schedule 7 - Special Allowable Itemized Deductions: There shall be
allowable deduction from gross income in computing taxable income, in
addition to the regular allowable itemized deduction, as provided under the
existing regular and special laws, rules and issuances such as, but not limited
to: Rooming-in and Breast-feeding Practices under R.A. 7600, Adopt-A-
School Program under R.A. 8525, Expanded Senior Citizens Act under R.A.
9257, Free Legal Assistance under R.A. 9999, etc.
Schedule 8 – Computation of Net Operating Loss Carry Over: Detailing the computation of available NOLCO (applied, unapplied and
expired portion). Only net operating losses incurred by the qualified
taxpayer may be carried over to the next three (3) immediately
succeeding taxable years following the year of such loss.
Schedule 9 – Tax Credits/Payments: Indicate claimed Tax
Credits/Payments and attach necessary proof/s.
Schedule 10 – Balance Sheet: Indicate the amounts as shown in the
Audited Financial Statements.
Schedule 11 – Reconciliation of Net Income per Books Against
Taxable Income Tax Filer/Spouse: Indicate all the reconciling items to
be added or subtracted from the net income reported in the financial
statements to arrive at the taxable income reported in the income tax
return. For taxpayer subject to regular rate, fill up the non-deductible
expenses such as: allowance for bad debts not actually written off,
amortization and others which are not deductible for taxation purposes.
Also, add other taxable income such as: recovery of bad debts previously
written off, adjustment to retained earnings, and other adjustments that
are considered as income for tax purposes.
Schedule 12A - Gross Income/Receipts Subjected to Final
Withholding: Indicate the income/receipt of interests; royalties;
dividends; prizes and winnings; fringe benefits; compensation subject to
15% preferential rate; sale/ exchange of real property; sale/exchange of
shares of stock; other income and the corresponding final tax
withheld/paid, if applicable.
Schedule 12B - Gross Income/Receipts Exempt from Income Tax-
Indicate personal/real properties received thru gifts, bequests, and
devises; and other exempt income and receipts under Sec. 32(B) of the
NIRC, as amended.
FOR TAX FILERS WITH MULTIPLE TAX REGIMES:
Accomplish only Part IX and X if with Exempt/Special Tax
Regime.
Accomplish Part X – Mandatory Attachments for Exempt/Special
per tax Regime per Activity and consolidate to Part IX together with Part
IV for Regular Tax Regime.
Part IX- Consolidated Computation by Tax Regime
Accomplish required consolidated information per tax regime
and reflect the total for the tax filer and the spouse. If under regular
rate only, do not accomplish Part IX, instead, proceed directly to
Schedules-Regular Rate (Schedules 1 to 12B).
Part X - Mandatory Attachments for Exempt/Special Tax Regime
per Activity
Part X is applicable only for those with income subject to multiple
tax regimes. However, tax filer must first complete appropriate schedules
from Part X-Mandatory Attachments for Exempt/Special Tax
Regimes per Activity pages 1m to 5m, including the Schedules -
Regular Rate (Schedules 1 to 12B), if applicable. Accomplish as
many PART X as there are activities/programs per TAX REGIME. Consolidate the amounts PER TAX REGIME under EXEMPT and/or
SPECIAL from all of Part X-Mandatory Attachments which shall be
reflected in the appropriate items of columns B and/or C for the Tax filer,
and columns F and/or G for the spouse, if applicable.
Example: SPECIAL
EXEMPT
Subsequently, transfer the applicable Items to Part V, and
finally to Part II.
REQUIRED ATTACHMENTS:
1. Certificate of independent CPA duly accredited by the BIR (The CPA
Certificate is required if the gross quarterly sales, earnings, receipts
or output exceed P 150,000).
2. Account Information Form (AIF) and/or Financial Statements (FS),
including the following schedules prescribed under existing revenue
issuances which must form part of the Notes to the Audited FS:
a) Taxes and Licenses
b) Other information prescribed to be disclosed in the notes to FS
3. Statement of Management’s Responsibility (SMR) for Annual
Income Tax Return.
4. Certificate of Income Payments not subjected to Withholding Tax
(BIR Form No. 2304).
5. Certificate of Creditable Tax Withheld at Source (BIR Form
No. 2307).
6. Certificate of Compensation Payment/Tax Withheld (BIR Form
No. 2316).
7. Duly approved Tax Debit Memo, if applicable.
8. Proof of prior years' excess credits, if applicable.
9. Proof of Foreign Tax Credits, if applicable.
10. For amended return, proof of tax payment and the return previously
filed.
11. Summary Alphalist of Withholding Agents of Income Payments
Subjected to Withholding Tax at Source (SAWT), if applicable.
12. Proof of other tax payment/credit, if applicable.
13. Authorization Letter, if filed by an authorized representative.
14. Waiver of husband’s right to claim additional exemption, if
applicable.
Part X
Exempt
Activity 1
Schedule B
Part IX
Column C
Part X
Exempt
Activity 2
Schedule B
Consolidate
Part X
Special
Activity 1
Schedule B
Part X
Special
Activity 2
Schedule B
Part IX
Column B
Consolidate
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
1
BIR Form No. 1702-RT (page 6 of 6)
For Corporation, Partnership and Other Non-Individual Taxpayer with Mixed Income Subject to MULTIPLE INCOME TAX RATES
These instructions are designed to assist tax filers, or their
representatives, with the preparation of the annual income tax
return (ITR). If there are questions which are not adequately
covered, please consult the local BIR office. If there appears
to be any discrepancies between these instructions and the
applicable laws and regulations, the laws and regulations take
precedence.
What Form to Use:
BIR Form No.
Description
1702-RT Corporation, Partnership and other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate
1702-EX
Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax
Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other Special Laws, with NO Other Taxable Income
1702-MX
Annual Income Tax Return For Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/ PREFERENTIAL RATE
Who Shall File BIR Form No. 1702-MX
This return shall be filed by every Corporation,
Partnership and Other Non-Individual Taxpayer with MIXED
Income subject to MULTIPLE INCOME TAX RATES or
with income subject to SPECIAL/PREFERENTIAL
RATE.
The return shall be filed by the president, vice-president
or other principal officer, and shall be sworn to by such officer
and by the treasurer or assistant treasurer.
When and Where to File and Pay
1) For Electronic Filing and Payment System (eFPS)
Taxpayer: The return shall be e-filed and the tax shall be
e-paid on or before the 15th day of the fourth month
following the close of the taxpayer’s taxable year using the
eFPS facilities thru the BIR website www.bir.gov.ph.
2) For Non-Electronic Filing and Payment System (Non-
eFPS) Taxpayer: The return shall be filed and the tax shall
be paid on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year with any
Authorized Agent Bank (AAB) located within the territorial
jurisdiction of the Revenue District Office (RDO) where the
taxpayer’s principal office is registered. In places where
there are no AABs, the return shall be filed and the tax shall
be paid with the concerned Revenue Collection Officer
(RCO) under the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic format
under “eBIRForms” (refer to www.bir.gov.ph) for the
preparation, generation and submission and/or payment of
this return with greater ease and accuracy, upon availability
of the same in the system.
For NO PAYMENT RETURN: The return shall be filed with
the RDO where the taxpayer’s principal office is registered or
with the concerned RCO under the same RDO on or before the
15th day of the fourth month following the close of the
taxpayer's taxable year.
How to Accomplish the Form
1. Enter all required information in CAPITAL LETTERS
using BLACK INK. Mark applicable boxes with an “X”.
Two copies MUST be filed with the BIR and one held by
the taxpayer.
2. Indicate TIN and registered name on each page;
3. For all questions wherein an appropriate box is provided
for a possible answer, mark the applicable box
corresponding to the chosen answer with an “X”;
4. Required information wherein the space provided has a
letter separator, the same must be supplied with CAPITAL
LETTERS where each character (including comma or
period) shall occupy one box and leave one space blank for
every word. However, if the word is followed by a comma
or period, there is no need to leave blank after the comma
or period. Do NOT write “NONE” or make any other
marks in the box/es; and
5. Accomplish first the applicable schedules
before accomplishing Parts II to V.
This return is divided into Parts I to VIII with
accompanying Schedules 1 to 14. Individual instructions as
to the source of the information and the necessary
calculations are provided on each line item.
PART NO. PARTS
PAGE NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Basis of Tax Relief 2
V Computation of Amount Payable per Tax Regime
2
VI Information – External Auditor/Accredited Tax Agent 2
VII Schedules 1- 14 3-14
VIII
Mandatory Attachments per Activity- Use this if there are MORE THAN ONE Exempt and/or SPECIAL Tax Regime. Accomplish as many Part VIII as there are activities/programs per tax regime. Consolidate the amounts of all Mandatory Attachments PER TAX REGIME and reflect the same to the corresponding schedules and columns under Schedules 1-8 of Part VII.
1m to 4m
SCHED
NO. SCHEDULES PAGE NO.
1 Computation of Tax per Regime 3
2 Tax Relief Availment 3
3 Sales/Revenues/Receipts/Fees 4
3A Cost of Sales (For those Engaged in Trading) 4
3B Cost of Sales (For those Engaged in Manufacturing)
4
3C Cost of Services 4
4 Other Taxable Income Not Subjected to Final Tax
5
5 Ordinary Allowable Itemized Deductions 5-6
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
2
BIR Form No. 1702-RT (page 6 of 6)
SCHEDNO. SCHEDULES
PAGE NO.
6 Special Allowable Itemized Deductions 6
7 Computation of Net Operating Loss Carry Over (NOLCO)
6
8 Tax Credits/Payments-Attach proof 6
9 Computation of Minimum Corporate Income Tax (MCIT)
7
10 Reconciliation of Net Income per Books Against Taxable Income
7
11 Balance Sheet 8
12 Stockholders/Partners/Members Information 8
13 Supplemental Information 9
14 Gross Income/Receipts Exempt from Income Tax
9
For Items 1 to 5
Item 1 Mark the applicable box with an “X”. This refers to the
accounting period (Fiscal or Calendar year) upon the basis
of which the net income is computed by the tax filer.
Item 2 Indicate the taxable year ended covered by the return
being filed.
Item 3 Choose “Yes” if the tax return is one amending previous
return filed, “No” if not.
Item 4 Choose “Yes” if the return is made for a fractional part
of a year (e.g. commencement, retirement or change in
accounting period).
Item 5 Indicate the appropriate ATC as shown in the Certificate
of Registration (BIR Form No. 2303). If subject to
Minimum Corporate Income Tax (MCIT) for this taxable
period, mark the applicable box with an “X”.
Part I (Items 6-15) Background Information
Item 6 Taxpayer Identification Number (TIN): Enter the
TIN for the corporation, partnership or other non-
individual taxpayer.
Item 7 RDO Code: Enter the appropriate code for the RDO
per filed BIR Form Nos. 1903/2305.
Item 8 Date of Incorporation/Organization: Enter the date as
shown in BIR Form No. 2303. It is the date when the
corporation has been incorporated as per Certificate of
Registration issued by the Securities and Exchange
Commission (SEC)/other regulatory agencies like the
Cooperative Development Authority, National
Electrification Authority, etc.
Item 9 Registered Name: Enter taxpayer’s name as it was
entered on BIR Form No. 2303 (Certificate of
Registration). Item 10 Registered Address: Enter Registered Address as
indicated in BIR Form No. 2303. If taxpayer has moved
since the previous filing and has NOT updated the
registration, the taxpayer must update the registration by
filing BIR Form No. 1905.
Item 13 Main Line of Business: Indicate the nature of the
main line of business the company is engaged in per BIR
Form No. 2303.
Item 14 PSIC Code: Philippine Standard Industrial
Classification (PSIC) Code: Refer to www.bir.gov.ph
for the applicable PSIC or visit the local BIR Office.
Item 15 Method of Deduction: Itemized Deduction under
Section 34(A-J), NIRC, as amended.
Part II (Items 16-21) Total Tax Payable
Accomplish first Part V – Computation of Amount
Payable per Tax Regime on page 2 and other schedules before
accomplishing these items. Then transfer the applicable
information from Part V to each of the items in Part II.
Individual instructions as to the source of the information and
the necessary calculations are provided on each line item.
Signatory Lines: When all the pages of the return are complete,
sign the return in the place indicated, enter the number of
pages filed. In Items 22-25, provide the required information
and its details.
Part III (Items 26-29) Details of Payment
Enter the information required and then file the original
ITR plus two (2) copies to any AAB within the RDO where
registered. Refer to www.bir.gov.ph for the applicable AAB or
visit the local BIR Office. For no payment returns, proceed with
filing the ITR with the RDO where the tax filer is registered or
the concerned RCO under the same RDO.
Part IV (Items 30-36) – Basis of Tax Relief:
If there is only one activity/program per tax regime
(exempt and/or special rate) fill up the required information in
the applicable columns of Items 31 to 36.
If the taxpayer has more than one activities/programs per
tax regime (exempt and/or special), put an “X” in the box in
item 30 and accomplish only column C of Items 31 to 36
(Special Tax Relief under Regular/Normal Rate). Additionally,
accomplish for each and every registered activity/program Part
VIII-Mandatory Attachments per Activity. Thus, there shall be
as many Part VIII-Mandatory Attachments per Activity, as
necessary.
Part V (Items 37-44) Computation of Amount
Payable per Tax Regime
Complete first the appropriate schedules and then transfer
the applicable amounts as instructed. Make the necessary
calculations as directed and enter the totals.
If the amount of centavos is 49 or less, drop down the
centavos (e.g., P100.49 = P100.00). If the amount is 50
centavos or more, round up to the next peso (e.g., P 100.50 =
P 101.00).
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
3
BIR Form No. 1702-RT (page 6 of 6)
Penalties shall be imposed and
collected as part of the tax.
Item 40 A surcharge of twenty five percent (25%) for each of
the following violations:
1. Failure to file any return and pay the amount of tax or
installment due on or before the due date;
2. Unless otherwise authorized by the Commissioner, filing a
return with a person or office other than those with whom
it is required to be filed;
3. Failure to pay the full or part of the amount of tax shown
on the return, or the full amount of tax due for which no
return is required to be filed on or before the due date;
4. Failure to pay the deficiency tax within the time prescribed
for its payment in the notice of assessment.
A surcharge of fifty percent (50%) of the tax or of the
deficiency tax shall be imposed in case of willful neglect to file
the return within the period prescribed by the Tax Code and/or
by rules and regulations or in case a false or fraudulent return
is filed.
Item 41 Interest at the rate of twenty percent (20%) per annum,
or such higher rate as may be prescribed by rules and
regulations, on any unpaid amount of tax, from the date
prescribed for the payment until it is fully paid.
Item 42 Compromise penalty pursuant to existing/applicable
revenue issuances.
Part VI (Items 45-51) – Information – External
Auditor/Accredited Tax Agent
1) All returns filed by an accredited tax agent on behalf of a
taxpayer shall bear the following information:
a) For CPAs and others (individual practitioners and
members of GPPs);
Items 45 & 46: Name and Taxpayer Identification
Number (TIN);
Items 49-51: BIR Accreditation Number, Date of
Issuance, and Expiry Date.
b) For members of the Philippine Bar (i.e. individual
practitioners, members of GPPs);
Items 45 & 46: Name and Taxpayer Identification
Number (TIN);
Items 49-51: Attorney’s Roll Number or Accreditation
Number, Date of Issuance, and Expiry Date.
Part VII – Schedules
Start filling-up column C for the transactions subject to
Regular Tax Rate, if any.
If there is only one activity/program per tax
regime (exempt and/or special rate) accomplish
columns A and/or B.
If there are more than one activities/programs
per tax regime (exempt and/or special rate),
accomplish columns A and/or B only after accomplishing
Part VIII-Schedules per Tax Regime. Accomplish as
many Part VIII as there are activities/programs per tax
regime. Consolidate the amounts PER TAX REGIME
under EXEMPT and/or SPECIAL from all of Part VIII-
Mandatory Attachments which shall be reflected in
columns A and/or B corresponding to the appropriate
schedules and columns (Total Exempt/Total Special)
under Schedules 1-8 of Part VII.
Example: EXEMPT
SPECIAL
Finally, transfer the applicable Items in Part VII to
Part II.
Schedule 1 (Items 1-17) Computation of Tax per Tax
Regime: Accomplish first the applicable schedules before
accomplishing these items. Follow the necessary
calculations as provided on each line item.
Schedule 2 (Items 1-7) – Tax Relief Availment: Taxpayer
availing of any tax relief under the Tax Code must
completely fill-up Items 1-7.
For ECOZONES: Gross income shall refer to gross sales
or gross revenue derived from registered business activity
within the zone, net of sales discounts, sales returns and
allowances minus cost of sales or direct costs but before any
deductions for administrative, marketing, selling, operating
expenses or incidental losses during a given taxable period.
For BCDA: Gross income shall refer to gross sales or
gross revenue derived from registered business activity within
the zone, net of sales discounts, sales returns and allowances
minus cost of sales or direct costs but before any deductions for
administrative, marketing, selling, operating expenses or
incidental losses during a given taxable period. For financial
enterprises, gross income shall include interest income, gains
from sales and other income net of costs of funds.
Item 6: Special Tax Credit refer to tax credits allowed under
special laws, rules and issuances.
Schedule 5 Ordinary Allowable Itemized Deductions
(Attach additional sheets, if necessary): Corporation,
Partnership and Other Non-Individual with Mixed
Income Subject to Multiple Income Tax Rates or with
Income Subject to Special/Preferential Rate are
mandated to use the itemized deduction. However, the
use of itemized deductions shall not apply to juridical
entities not allowed to claim any deductions (e.g., non-
resident foreign international carriers).
There shall be allowed as deduction from gross
income all the ordinary and necessary trade and business
expenses paid or incurred during the taxable year in
carrying on or which are directly attributable to the
Part VIII
EXEMPT
Activity 1
Schedule B
Part VIII
EXEMPT
Activity 2
Schedule B
Part VIII
SPECIAL
Activity 1
Schedule B
Part VIII
SPECIAL
Activity 2
Schedule B
Consolidate
Part VII
Schedule 1
Column A
Part VII
Schedule 1
Column B
Consolidate
Guidelines and Instructions BIR Form No. 1702-MX (June 2013)
4
BIR Form No. 1702-RT (page 6 of 6)
development, management, operation and/or conduct of the
trade and business. Itemized deduction also includes
interest, taxes, losses, bad debts, depreciation, depletion,
charitable and other contributions, research and
development and pension trust.
Schedule 6 Special Allowable Itemized Deductions: These
refer to special allowable deductions from gross income in
computing taxable income, in addition to the regular
allowable itemized deduction, as provided under the existing
regular and special laws, rules and issuances such as, but not
limited to: Rooming-in and Breast-feeding Practices under
R.A. 7600, Adopt-A-School Program under R.A. 8525, Free
Legal Assistance under R.A. 9999, etc.
Schedule 7 Computation of Net Operating Loss Carry Over
(NOLCO): Detailing the computation of available
NOLCO (applied, unapplied and expired portion). Only
net operating losses incurred by the qualified taxpayer
may be carried over to the three (3) immediately
succeeding taxable years following the year of such loss.
Schedule 8 Tax Credits/Payments: Indicate claimed Tax
Credits/Payments and attach necessary proof.
Schedule 9 Computation of Minimum Corporate Income
Tax (MCIT): MCIT of two percent (2%) of the gross
income is imposed upon any domestic corporation and
resident foreign corporation beginning on the fourth (4th)
taxable year (whether calendar or fiscal year, depending on the
accounting period employed) immediately following the
taxable year in which such corporation commenced its
business operation. The MCIT shall be imposed whenever the
corporation has zero or negative taxable income or whenever
the amount of minimum corporate income tax is greater than
the normal income tax due from such corporation. Any excess
of the MCIT over the normal income tax shall be carried
forward and credited against the normal income tax for the
three (3) immediate succeeding taxable years. The
computation and the payment of MCIT shall apply each time
a corporate income tax return is filed, whether quarterly or
annual basis.
Schedule 10 Reconciliation of Net Income per Books
Against Taxable Income: Indicate all the reconciling
items to be added or subtracted from the net income
reported in the financial statements to arrive at the taxable
income reported in the income tax return. Fill-up the non-
deductible expenses such as: allowance for bad debts not
actually written off, amortization and others which are not
deductible for taxation purposes. Also, add other taxable
income such as: recovery of bad debts previously written
off, adjustment to retained earnings, and other
adjustments that are considered as income for tax
purposes. (Provide additional sheet/s, if necessary.)
Schedule 11 Balance Sheet: Indicate the amounts as shown in
the Audited Financial Statements.
Schedule 12 Stockholders/Partners/Members Information:
Indicate only the Top 20 stockholders, partners or
members showing the Registered Name, TIN, amount of
capital contribution and the percentage to the total
ownership/equity.
Schedule 13 Supplemental Information: Indicate gross
income subject to final tax: sale/exchange of real property;
sale/exchange of shares of stocks; other income and the
corresponding final withholding tax, if applicable.
Schedule 14 Gross Income/Receipts Exempt from Income
Tax: Indicate personal/real properties received thru gifts,
bequests, and devises; and other exempt income and
receipts under Sec. 32(B) of the NIRC, as amended.
Part VIII MANDATORY ATTACHMENTS
PER ACTIVITY (Schedules per Tax Regime):
Use as many Part VIII - Mandatory Attachments per
Activity, as necessary, if there are more than one
activities/programs under EXEMPT and/or SPECIAL Tax
Regime. Accomplish as many Part VIII as there are
activities/programs per tax regime. Consolidate the
amounts of all Mandatory Attachments PER TAX REGIME
and reflect the same to the corresponding schedules and
columns under Schedules 1-8 of Part VII.
REQUIRED ATTACHMENTS
1. Certificate of independent CPA duly accredited by the BIR
(The CPA Certificate is required if the gross quarterly
sales, earnings, receipts or output exceed P 150,000).
2. Account Information Form (AIF) and/or Financial
Statements (FS), including the following schedules
prescribed under existing revenue issuances which must
form part of the Notes to the Audited FS:
a. Taxes and Licenses
b. Other information prescribed to be disclosed in the
notes to FS
3. Statement of Management’s Responsibility (SMR) for
Annual Income Tax Return.
4. Certificate of Income Payments not subjected to
Withholding Tax (BIR Form No. 2304)
5. Certificate of Creditable Tax Withheld at Source (BIR
Form No. 2307).
6. Duly approved Tax Debit Memo, if applicable.
7. Proof of prior years' excess credits, if applicable.
8. Proof of Foreign Tax Credits, if applicable.
9. For amended return, proof of tax payment and the return
previously filed.
10. Certificate of Tax Treaty Relief/Entitlement issued by the
concerned Investment Promotion Agency (IPA)
11. Summary Alpha list of Withholding Agents of Income
Payments Subjected to Withholding Tax at Source
(SAWT), if applicable.
12. Proof of other tax payment/credit, if applicable.
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
1
BIR Form No. 1702-RT (page 6 of 6)
For Use only by Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT
under the Tax Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other
Special Laws, with NO Other Taxable Income
These instructions are designed to assist tax
filers, or their representatives, with the preparation of the
annual income tax return (ITR). If there are questions
which are not adequately covered, please consult the local
BIR office. If there appears to be any discrepancies
between these instructions and the applicable laws and
regulations, the laws and regulations shall take
precedence.
What Form to Use:
BIR Form No.
Description
1702-RT Corporation, Partnership and other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate
1702-EX
Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT under the Tax Code, as amended [Sec.30 and those exempted in Sec. 27(C)] and other Special Laws, with NO Other Taxable Income
1702-MX
For Corporation, Partnership and Other Non-Individual with MIXED Income Subject to Multiple Income Tax Rates or with Income Subject to SPECIAL/ PREFERENTIAL RATE
Who Shall File BIR Form No. 1702-EX
This return shall be filed by a Corporation, Partnership and
Other Non-Individual Taxpayer EXEMPT under the Tax
Code, as amended [Sec. 30 and those exempted in
Sec. 27(C)] and other Special Laws WITH NO OTHER
TAXABLE INCOME such as but not limited to
foundations, cooperatives, charitable institutions, non-
stock and non-profit educational institutions, General
Professional Partnership (GPP) etc., otherwise use BIR
Form No. 1702-MX.
Every GPP shall file this return setting forth the items of
gross income and of deductions and the names, TINs,
addresses and share of its partners.
The return shall be filed by the president, vice-president or
other principal officer, and shall be sworn to by such
officer and by the treasurer or assistant treasurer.
When and Where to File and Pay
1) For Electronic Filing and Payment System (eFPS)
Taxpayer: The return shall be e-filed and the tax shall
be e-paid on or before the 15th day of the fourth month
following the close of the taxpayer’s taxable year
using the eFPS facilities thru the BIR website
www.bir.gov.ph.
2) For Non-Electronic Filing and Payment System
(Non-eFPS) Taxpayer: The return shall be filed and
the tax shall be paid on or before the 15th day of the
fourth month following the close of the taxpayer's
taxable year with any Authorized Agent Bank (AAB)
located within the territorial jurisdiction of the
Revenue District Office (RDO) where the taxpayer’s
principal office is registered. In places where there are
no AABs, the return shall be filed and the tax shall be
paid with the concerned Revenue Collection Officer
(RCO) under the jurisdiction of the RDO.
Non-eFPS tax filer may opt to use the electronic
format under “eBIRForms” (refer to
www.bir.gov.ph) for the preparation, generation and
submission and/or payment of this return with greater
ease and accuracy, upon availability of the same in the
system.
For NO PAYMENT RETURN: The return shall be filed
with the RDO where the taxpayer’s principal office is
registered or with the concerned RCO under the same
RDO on or before the 15th day of the fourth month
following the close of the taxpayer's taxable year.
How to Accomplish the Form
1. Enter all required information in CAPITAL
LETTERS using BLACK INK. Mark applicable
boxes with an “X”. Two copies MUST be filed with
the BIR and one held by the taxpayer.
2. Indicate TIN and registered name on each page;
3. For all questions wherein an appropriate box is provided
for a possible answer, mark the applicable box
corresponding to the chosen answer with an “X”;
4. Required information wherein the space provided has
a letter separator, the same must be supplied with
CAPITAL LETTERS where each character
(including comma or period) shall occupy one box
and leave one space blank for every word. However,
if the word is followed by a comma or period, there
is no need to leave blank after the comma or period.
Do NOT write “NONE” or make any other marks in
the box/es; and
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
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BIR Form No. 1702-RT (page 6 of 6)
5. Accomplish first the applicable schedules before
accomplishing Parts II to V.
This return is divided into Parts I to VI with
accompanying Schedules 1 to 10. Individual
instructions as to the source of the information and the
necessary calculations are provided on each line item.
PART NO. PARTS
PAGE NO.
I Background Information 1
II Total Tax Payable 1
III Details of Payment 1
IV Computation of Tax 2
V Tax Relief Availment 2
VI Information – External Auditor/Accredited Tax Agent
2
SCHED
NO. SCHEDULES PAGE NO.
1 Sales/Revenues/Receipts/Fees 3
2A Cost of Sales (For those Engaged in Trading) 3
2B Cost of Sales (For those Engaged in Manufacturing) 3
2C Cost of Services 3
3 Other Taxable Income Not Subjected to Final Tax
4
4 Ordinary Allowable Itemized Deductions 4-5
5 Special Allowable Itemized Deductions 5
6 Reconciliation of Net Income per Books Against Taxable Income
5
7 Balance Sheet 6
8 Stockholders/Partners/Members Information 6
9 Supplemental Information 7
10 Gross Income/Receipts Exempt from Income Tax
7
For Items 1 to 5
Item 1 Mark the applicable box with an “X”. This refers to the
accounting period (Fiscal or Calendar year) upon the basis of
which the net income is computed by the tax filer.
Item 2 Indicate the taxable year ended covered by the return
being filed.
Item 3 Choose “Yes” if the tax return is one amending previous
return filed, “No” if not.
Item 4 Choose “Yes” if the return is made for a fractional part
of a year (e.g. commencement, retirement or change in
accounting period).
Item 5 Mark the appropriate ATC as shown in the Certificate
of Registration (BIR Form No. 2303).
ATC IC 011 for Exempt Corporation on Exempt Activities
ATC IC 021 for General Professional Partnership
Part I (Items 6-19) Background Information
Item 6 Taxpayer Identification Number (TIN): Enter the
TIN for the corporation, partnership or other non-
individual taxpayer.
Item 7 RDO Code: Enter the appropriate code for the
RDO per BIR Form Nos.1903/2303.
Item 8 Date of Incorporation/Organization: Enter the
date as shown in BIR Form No. 2303. It is the date
when the corporation has been incorporated as per
Certificate of Registration issued by the Securities
and Exchange Commission (SEC)/other regulatory
agencies like the Cooperative Development
Authority, National Electrification Authority, etc.
Item 9 Registered Name: Enter the registered name as it
was entered in BIR Form No. 2303.
Item 10 Registered Address: Enter registered address as
indicated in BIR Form No. 2303. If taxpayer has
moved since the previous filing and has NOT
updated the registration, the taxpayer must update its
registration by filing BIR Form No. 1905.
Item 13 Main Line of Business: Indicate the nature of the
main line of business the company is engaged in per
BIR Form No. 2303.
Item 14 PSIC Code: Philippine Standard Industrial
Classification (PSIC) Code: Refer to
www.bir.gov.ph for the applicable PSIC or visit the
local BIR Office.
Item 15 Method of Deduction: Itemized Deduction
under Section 34(A-J), NIRC, as amended.
Item 16 Legal Basis of Tax Relief/Exemption: Indicate
the specific special law, international agreement or
treaty which is the legal basis for the grant of the tax
exemption/ incentive/preferential tax rate. For
example, RA 9520 – Cooperative Law, etc.
Item 17 Investment Promotion Agency (IPA)/
Government Agency: Indicate the IPA that granted
exemption/ incentive/ preferential tax rate. For
example, Cooperative Development Authority
(CDA), National Electrification Administration
(NEA), etc.
Item 18 Registered Activity/Program/Registration
Number: Indicate the registered activity/program
Registration Number as shown in the registration
certificate issued by the concerned IPA.
Item 19 Effectivity Date of Tax Relief/Exemption:
Indicate the effectivity date of the relief/exemption
from start date to end date of tax exemption/
incentive/preferential tax rate as shown in the
certificate of registration issued by the concerned IPA
by writing the month, day and year.
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
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BIR Form No. 1702-RT (page 6 of 6)
For example: From start date: May 31, 2012 shown as
05/31/2012 to end date May 31,2015 shown as
05/31/2015.
Part II (Items 20-22) Total Tax Payable
Total Income Tax Due amounts to Zero (O). Only the
compromise penalty, if any, shall be paid for violations
under the NIRC, as amended, and other issuances. Part IV
– Computation of Tax on page 2 and other schedules must
also be accomplished.
Signatory Lines: When all pages of the return are
complete, sign the return in the place indicated, enter
the number of pages filed. In Items 23-26, provide the
required information and its details.
Part III (Items 27-30) Details of Payment
Enter the information required and then file the
original ITR plus two (2) copies to any AAB within the
RDO where registered. Refer to www.bir.gov.ph for the
applicable AAB or visit the local BIR Office. For no
payment returns, proceed with filing the ITR with the
RDO where the tax filer is registered or the concerned
RCO under the same RDO.
Part IV (Items 31-35) Computation of Tax
Enter taxpayer’s TIN and Registered Name at the top
of this page and in all succeeding pages. The requirement
for entering centavos on the ITR has been eliminated. If the
amount of centavos is 49 or less, drop down the centavos
(e.g., P 100.49 = P 100.00). If the amount is 50 centavos or
more, round up to the next peso (e.g., P 100.50 = P 101.00).
Accomplish first Schedules 1 to 5 before transferring
these items to the applicable information required in Part
IV- Computation of Tax.
Items 36-38 Deductions Allowed under Existing Law:
Only Itemized Deduction is allowed under Sec. 34(A-
J), of the Tax Code, as amended, consistently applied
throughout the year for taxpayers under Sec.30 and
those exempted in Sec. 27(C) of the same Code, as
amended, and other Special Laws with NO Other
Taxable Income.
Item 40: The Income Tax Rate is 0% of net taxable
income.
Part V (Items 42-44) Tax Relief Availment
Taxpayer availing of any tax relief under the Tax
Code must completely fill-up Items 42-44.
Part VI (Items 45-51) Information –
External Auditor/Accredited Tax Agent
All returns filed by an accredited tax agent on behalf
of a taxpayer shall bear the following information:
A. For CPAs and others (individual practitioners
and members of GPPs);
Items 45 & 46: Name and Taxpayer
Identification Number (TIN);
Items 49-51: BIR Accreditation Number, Date of
Issuance, and Expiry Date.
B. For members of the Philippine Bar (i.e.
individual practitioners, members of GPPs);
Items 45 & 46: Name and Taxpayer
Identification Number (TIN);
Items 49-51: Attorney’s Roll Number or
Accreditation Number, Date of Issuance, and
Expiry Date.
SCHEDULES:
Schedules 1 - 3: List down the amounts sales/revenues/
receipts/ fees, cost of sales/revenue and other taxable
income not subjected to Final Tax (e.g. Interest
Income from affiliates, sale of scraps, etc.).
Schedule 4 Ordinary Allowable Itemized Deductions:
There shall be allowed as deduction from gross
income all the ordinary and necessary trade and
business expenses paid or incurred during the
taxable year in carrying on or which are directly
attributable to the development, management,
operation and/or conduct of the trade and business.
Itemized deduction includes also interest, taxes,
losses, bad debts, depreciation, depletion, charitable
and other contributions, research and development
and pension trust.
Schedule 5 Special Allowable Itemized Deductions:
These refer to special allowable deductions from
gross income in computing taxable income, in
addition to the regular allowable itemized deduction,
as provided under the existing regular and special
laws, rules and issuances such as, but not limited to:
Rooming-in and Breast-feeding Practices under R.A.
7600, Adopt-A-School Program under R.A. 8525,
Free Legal Assistance under R.A. 9999, etc.
Schedule 6 Reconciliation of Net Income per Books
Against Taxable Income: Indicate all the
reconciling items to be added or subtracted from the
net income reported in the financial statements to
arrive at the taxable income reported in the income
tax return. Fill up the non-deductible expenses such
as: allowance for bad debts not actually written off,
amortization and others which are not deductible for
taxation purposes. Also, add other taxable income
Guidelines and Instructions BIR Form No. 1702-EX (June 2013)
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BIR Form No. 1702-RT (page 6 of 6)
such as: recovery of bad debts previously written off,
adjustment to retained earnings, and other
adjustments that are considered as income for tax
purposes. (Provide additional sheet/s, if necessary.)
Schedule 7 Balance Sheet: Indicate the amounts as
shown in the Audited Financial Statements.
Schedule 8 Stockholders/Partners/Members
Information: Indicate only the Top 20 stockholders,
partners or members showing the Registered Name,
TIN, amount of capital contribution and the
percentage to the total ownership/equity.
Schedule 9 Supplemental Information: Indicate gross
income subject to final tax; sale/exchange of real
property; sale/exchange of shares of stocks; other
income and the corresponding final withholding tax,
if applicable.
Schedule 10 Gross Income/Receipts Exempt from
Income Tax: Indicate personal/real properties
received thru gifts, bequests, and devises; and other
exempt income and receipts under Sec. 32(B) of the
NIRC, as amended.
REQUIRED ATTACHMENTS
1. Certificate of independent CPA duly accredited by the
BIR (The CPA Certificate is required if the gross
quarterly sales, earnings, receipts or output exceed
P150,000).
2. Account Information Form (AIF) and/or Financial
Statements (FS), including the following schedules
prescribed under existing revenue issuances which
must form part of the Notes to the Audited FS:
a. Taxes and Licenses
b. Other information prescribed to be disclosed in
the notes to FS
3. Statement of Management’s Responsibility (SMR)
for Annual Income Tax Return.
4. Certificate of Income Payments not subjected to
Withholding Tax (BIR Form No. 2304)
5. Certificate of Creditable Tax Withheld at Source
(BIR Form No. 2307).
6. Duly approved Tax Debit Memo, if applicable.
7. Proof of prior years' excess credits, if applicable.
8. Proof of Foreign Tax Credits, if applicable.
9. For amended return, proof of tax payment and the
return previously filed.
10. Summary Alphalist of Withholding Agents of
Income Payments Subjected to Withholding Tax at
Source (SAWT), if applicable.
11. Proof of other tax payment/credit, if applicable.
12. Schedule of returns filed by General Professional
Partnership.
REGISTERED NAME
(Partner) TIN REGISTERED
ADDRESS
DISTRIBUTIVE SHARE RECEIVED BY EACH PARTNER FOR THE
TAXABLE YEAR
Annual Income Tax Return Part X - Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime PER ACTIVITY
Page 1m – Schedules A to C2
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP1m
TIN Tax Filer’s Last Name
0 0 0 0
Mark "X" the applicable Tax Regime Exempt Special Rate
Schedule A - Taxpayer's Activity Profile for Tax Relief Under Special Law/International Tax Treaty (Accomplish the Mandatory Attachments FOR EACH ACTIVITY, if applicable)
Description A) Taxpayer/Filer B) Spouse
1 Investment Promotion Agency (IPA) /Government Entity
2 Legal Basis
3 Registered Activity/Program (Registration No.)
4 Special Tax Rate .
% .
%
5 Effectivity Date of Tax Relief/Exemption (From) / /
/ /
6 Expiration Date of Tax Relief/Exemption (To) / /
/ /
Schedule B - Computation of Income Tax A) Taxpayer/Filer B) Spouse
1 Net Sales/Revenues/Receipt/Fees (From Schedule D Item 5A/5B) (To Part IX Item 1)
2 Add: Other Taxable Income from Operations not Subject to Final Tax
(From Schedule E Item 3A/3B) (To Part IX Item 2)
3 Total Sales/Revenues/Receipts/Fees (Sum of Items 1 & 2)
4 Less: Cost of Sales/Services (From Schedule F Item 27A/27B) (To Part IX Item 4)
5 Gross Income from Business/Profession (Item 3 Less Item 4)
6 Add: Non-Operating Income (From Schedule G Item 6A/6B) (To Part IX Item 6)
7 Total Gross Income (Sum of Items 5 & 6)
Less: Allowable Deductions under existing laws
8 Ordinary Allowable Itemized Deductions (From Schedule H Item 40A/40B) (To Part IX Item 8)
9 Special Allowable Itemized Deductions (From Schedule I Item 5A/5B) (To Part IX Item 9)
10 Total Allowable Itemized Deductions (Sum of Items 8 & 9) (To Part IX Item 11)
11 Taxable Income from Business/Profession (Item 7 Less Item 10) (To Part IX Item 13)
Schedule C - Tax Relief Availment
Schedule C1 - Special Rate A) Taxpayer/Filer B) Spouse
1 Taxable Income from Business/Profession (From Sched. B Item 11)
2 Add: Special Allowable Itemized Deductions (From Schedule B Item 9)
3 Sub-total (Sum of Items 1 & 2)
4 Regular Income Tax Otherwise Due (Item 3 X applicable Tax Rate per Tax Table)
5 Less: Income Tax Due-Special Rate (Based on Gross Income)(Schedule B Item 7 X applicable Special Tax Rate)
6 Tax Relief Availment Before Special Tax Credit (Item 4 Less Item 5)
7 Add: Special Tax Credits (From Schedule J Item 8A/8B)
8 Total Tax Relief Availment – SPECIAL (Sum of Items 6 & 7) (To Part IX Item 21B /21F)
Schedule C2 - Exempt
9 Taxable Income from Business/Profession (From Schedule B Sum of Items 11 & 9)
10 Applicable Tax Rate per Tax Table
.
%
.
%
11 Tax Relief Availment – EXEMPT (Item 9 X Item 10) (To Part IX Item 21C/21G)
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY Page 2m – Schedules D to F2
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP2m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule D - Sales/Revenues/Receipts/Fees from Business/Profession, Including amount received from General Professional Partnership (GPP)
Description A) Taxpayer/Filer B) Spouse
1 Total Sales/Revenues/Receipts/Fees
2 Add: Gross Sales/Revenues/Receipts/Fees not subject to Withholding
Tax
3 Total Sales/Revenues/Receipts/Fees (Sum of Items 1 & 2 )
4 Less: Sales Returns, Allowances and Discounts
5 Net Sales/Revenues/Receipts/Fees (Item3 Less Item4)
(To Schedule B Item 1A/1B)
Schedule E - Other Taxable Income from Operations not Subject to Final Tax (Attach additional sheet/s, if necessary)
Description A) Taxpayer/Filer B) Spouse
1
2
3 Total Other Taxable Income from Operations not Subject to WT (Sum of Items 1 & 2) (To Schedule B Item 2A/2B)
Schedule F - Cost of Sales/Services (Attach additional sheet/s, if necessary)
Schedule F1 - Cost of Sales (For those engaged in Trading)
Description A) Taxpayer/Filer B) Spouse
1 Merchandise Inventory, Beginning
2 Add: Purchases of Merchandise
3 Total Merchandise/Goods Available for Sale (Sum of Items 1 & 2)
4 Less: Merchandise Inventory, Ending
5 Cost of Sales (Item 3 Less Item 4) (To Schedule F Item 27)
Schedule F2 - Cost of Sales (For those engaged in Manufacturing)
Description A) Taxpayer/Filer B) Spouse
6 Direct Materials, Beginning
7 Add: Purchases of Direct Materials
8 Material Available for Use (Sum of Items 6 & 7)
9 Less: Direct Materials, Ending
10 Raw Materials Used (Item 8 Less Item 9)
11 Direct Labor
12 Manufacturing Overhead
13 Total Manufacturing Cost (Sum of Items 10 to 12)
14 Add: Work in Process, Beginning
15 Less: Work in Process, Ending
16 Cost of Goods Manufactured (Sum of Items 13 & 14 Less Item 15)
17 Add: Finished Goods, Beginning
18 Less: Finished Goods, Ending
19 Cost of Goods Manufactured & Sold (Sum of Items 16 & 17 Less Item 18)
(To Schedule F Item 27)
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY
Page 3m - Schedules F3 to H
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP3m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule F3 - Cost of Services (For those engaged in Services, indicate only those directly incurred or related to the gross revenue
from rendition of services)
Description A) Taxpayer/Filer B) Spouse
20 Direct Charges - Salaries, Wages and Benefits
21 Direct Charges- Materials, Supplies and Facilities
22 Direct Charges- Depreciation
23 Direct Charges - Rental
24 Direct Charges - Outside Services
25 Direct Charges - Others
26 Cost of Services (Sum of Items 20 to 25) (To Schedule F Item27)
27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Schedule B Item 4A/4B)
Schedule G - Non-Operating Income (Attach additional sheet/s, if necessary)
Nature of Income A) Taxpayer/Filer B) Spouse
1
2
3
4
5
6 Total Non-Operating Income (Sum Items 1 to 5) (To Schedule B Item 6A/6B)
Schedule H - Ordinary Allowable Itemized Deductions (Attach additional sheet/s, if necessary)
Description A) Taxpayer/Filer B) Spouse
1 Advertising and Promotions
Amortizations (Specify on Items 2, 3 & 4)
2
3
4
5 Bad Debts
6 Charitable Contributions
7 Commissions
8 Communication, Light and Water
9 Depletion
10 Depreciation
11 Director's Fees
12 Fringe Benefits
13 Fuel and Oil
14 Insurance
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY Page 4m - Schedules H to I
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP4m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule H - (Continued) Ordinary Allowable Itemized Deductions
Description A) Taxpayer/Filer B) Spouse
15 Interest
16 Janitorial and Messengerial Services
17 Losses
18 Management and Consultancy Fee
19 Miscellaneous
20 Office Supplies
21 Other Services
22 Professional Fees
23 Rental
24 Repairs and Maintenance - Labor or Labor & Materials
25 Repairs and Maintenance - Materials/Supplies
26 Representation and Entertainment
27 Research and Development
28 Royalties
29 Salaries and Allowances
30 Security Services
31 SSS, GSIS, Philhealth, HDMF and Other Contributions
32 Taxes and Licenses
33 Tolling Fees
34 Training and Seminars
35 Transportation and Travel
Others (Specify below; Add additional sheet(s), if necessary)
36
37
38
39
40 Total Ordinary Allowable Itemized Deduction
(Sum of Items 1 to 39) (To Schedule B Item 8A/8B)
Schedule I - Special Allowable Itemized Deductions
Description Legal Basis A) Taxpayer/Filer B) Spouse
1
2
3
4
5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Schedule B Item9A/9B)
Annual Income Tax Return Mandatory Attachments for EXEMPT / SPECIAL
Tax Regime per ACTIVITY
Page 5m - Schedules J to K2
BIR Form No.
1701 June 2013 (ENCS)
170106/13ENCSP5m
TIN Tax Filer’s Last Name
0 0 0 0
Schedule J – Tax Credits/Payments (Attach proof)
Description A) Taxpayer/Filer B) Spouse
1 Prior Year's Excess Credits
2 Tax Payments for the First Three Quarters
3 Creditable Tax Withheld for the First Three Quarters
4 Creditable Tax Withheld for the Fourth Quarter
5 Tax Withheld per BIR Form No. 2316
6 Tax paid in return previously filed, if this is an amended return
7 Foreign Tax Credits, if applicable
8 Special Tax Credits, if applicable
9 Other Payments / Credits, specify __________________________
10 Total Tax Credits / Payments (Sum of Items1 to 9) (To Part IX Item19)
Schedule K - Reconciliation of Net Income per Books Against Taxable Income (Attach additional sheet/s, if necessary)
Schedule K1 – TAX FILER’S Reconciliation of Net Income per Books Against Taxable Income
1 Net Income (Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) – Tax Filer (Item 4 Less Item 9)
Schedule K2 – SPOUSE’S Reconciliation of Net Income per Books Against Taxable Income
1 Net Income (Loss) per books
Add: Non-deductible Expenses/Taxable Other Income
2
3
4 Total (Sum of Items 1 to 3)
Less: A) Non-taxable Income and Income Subjected to Final Tax
5
6
B) Special Deductions
7
8
9 Total (Sum of Items 5 to 8)
10 Net Taxable Income (Loss) - Spouse (Item 4 Less Item 9)