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

http://www.bir.gov.ph/


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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


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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



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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


P 22,500 + 25% of the excess over P 140,000







Over P 500,000 P 125,000 + 32% of the excess over P 500,000


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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


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.


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.


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




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.


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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.


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



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.



4

b) For members of the Philippine Bar (i.e. individual practitioners,

members of GPPs);


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


5. Certificate of Creditable Tax Withheld at Source (BIR Form

No. 2307).

6. Certificate of Compensation Payment/Tax Withheld (BIR Form

No. 2316).


8. Proof of prior years' excess 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.


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


0 0 0 0

Schedule D - Sales/Revenues/Receipts/Fees from Business/Profession, Including amount received from General Professional Partnership (GPP)


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)


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)


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)


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)


Tax Regime per ACTIVITY

Page 3m - Schedules F3 to H

BIR Form No.

1701 June 2013 (ENCS)

170106/13ENCSP3m


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)


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)


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


Tax Regime per ACTIVITY Page 4m - Schedules H to I

BIR Form No.

1701 June 2013 (ENCS)

170106/13ENCSP4m


0 0 0 0

Schedule H - (Continued) Ordinary Allowable Itemized Deductions


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)



Page 5m - Schedules J to K2

BIR Form No.

1701 June 2013 (ENCS)

170106/13ENCSP5m


0 0 0 0

Schedule J – Tax Credits/Payments (Attach proof)


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


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



2

3



5

6


7

8


10 Net Taxable Income (Loss) - Spouse (Item 4 Less Item 9)

Guidelines and Instructions BIR Form No. 1702-EX (June 2013)

1


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.


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.





the BIR and one held by the taxpayer.

2. Indicate TIN and registered name on each page;



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



2


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


PART NO. PARTS

PAGE NO.




IV Computation of Tax 2

V Tax Relief Availment 2

VI Information – External Auditor/Accredited Tax Agent

2

SCHED

NO. SCHEDULES PAGE NO.





3 Other Taxable Income Not Subjected to Final Tax

4



6 Reconciliation of Net Income per Books Against Taxable Income

5

7 Balance Sheet 6

8 Stockholders/Partners/Members Information 6


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.


3


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


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 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



4


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







10. Summary Alphalist of Withholding Agents of

Income Payments Subjected to Withholding Tax at

Source (SAWT), 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


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-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.



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


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


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




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.


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.






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.




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


1 Computation of Tax per Regime 3

2 Tax Relief Availment 3



3B Cost of Sales (For those Engaged in Manufacturing)

4



5



2


SCHEDNO. SCHEDULES

PAGE NO.


7 Computation of Net Operating Loss Carry Over (NOLCO)

6


9 Computation of Minimum Corporate Income Tax (MCIT)

7


7

11 Balance Sheet 8




9

For Items 1 to 5


accounting period (Fiscal or Calendar year) upon the basis

of which the net income is computed by the tax filer.


being filed.





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”.





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.


main line of business the company is engaged in per BIR

Form No. 2303.


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.


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.




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


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


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).



3



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);



b) For members of the Philippine Bar (i.e. individual

practitioners, members of GPPs);


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


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


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).


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


4


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


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


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.


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



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.


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.


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).



prescribed under existing revenue issuances which must

form part of the Notes to the Audited FS:


b. Other information prescribed to be disclosed in the

notes to FS

3. Statement of Management’s Responsibility (SMR) for

Annual Income Tax Return.



5. Certificate of Creditable Tax Withheld at Source (BIR

Form No. 2307).




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.


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)


2 Legal Basis

3 Registered Activity/Program (Registration No)


%

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


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)



3 Total Goods Available for Sale (Sum of Items 1 & 2)


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)


7 Add: Purchases

8 Materials Available for Use (Sum of Items 6 &7)



11 Direct Labor


13 Total Manufacturing Cost (Sum of Items 10, 11 & 12)

14 Work in Process, Beginning

15 Less: Work in Process, End


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)


21 Direct Charges - Materials, Supplies and Facilities

22 Direct Charges - Depreciation




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)


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)



2

3

4

5 Bad Debts


7 Commissions


9 Depletion

10 Depreciation

11 Director's Fees

12 Fringe Benefits

13 Fuel and Oil

14 Insurance

15 Interest


17 Losses


19 Miscellaneous

20 Office Supplies

21 Other Services


23 Rental

24 Repairs and Maintenance – Labor or Labor & Materials

25 Repairs and Maintenance – Materials/Supplies



28 Royalties


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)




33 Tolling Fees



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


For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR INCOME TAX RATE



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-EX


1702-MX


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.


other principal officer, and shall be sworn to by such officer








www.bir.gov.ph.


(Non-eFPS) Taxpayer: The return shall be filed and the

tax shall be paid on or before the 15th day of the fourth month




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.





ease and accuracy, upon availability of the same

in the system.












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”;









the box/es; and



This return is divided into Parts I to VI with accompanying

Schedules 1 to 13. Individual instructions as to the source



PART NO. PARTS

PAGE NO.







2


2


SCHED




2B Cost of Sales (For those Engaged in

Manufacturing) 3



4




5



6


6

10 Balance Sheet 7

11 Stockholders/Partners/Members Information

7



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 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”.



the TIN for the corporation, partnership or other

non-individual taxpayer.






Certificate of Registration issued by the Securities and

Exchange Commission (SEC)/other regulatory



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



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.




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.


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





the required information and its details.








3













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:











the due date;



assessment.







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





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



Items 59 to 61: Attorney’s Roll Number or


Expiry Date.

Schedules 1-3: List down the amounts of sales/ revenues/



Income from affiliates, sale of scraps, etc.)








Itemized deduction also includes interest, taxes,



and pension trust.




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.


4


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 11 Stockholders / Partners / Members






income subject to final tax: sale/ exchange of real



if applicable.





NIRC, as amended.


1. Certificate of independent CPA duly accredited by

the BIR (The CPA Certificate is required if the gross


P 150,000).




must form part of the Notes to the audited FS:



the notes to FS
















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.



IC 040 4. a. Government Owned & Controlled Corporations (GOCC), Agencies & Instrumentalities



IC 041 5. a. National Government and Local Government Units (LGUs)



IC 020 6. a. Taxable Partnership 30%

Taxable Income from All Sources


RESIDENT FOREIGN CORPORATION



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 %


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


/

/

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)



BIR Form No.

1700 June 2013 (ENCS)

Page 2

170006/13ENCSP2


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


3 Name of Employer

Tax Filer Spouse


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.


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


16 Tax Paid in Return Previously Filed (If this is an amended Return)


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)



BIR Form No.

1700 June 2013 (ENCS)

Page 3 170006/13ENCSP3


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. / /


14 Number of Shares

15 Date of Issue (MM/DD/YYYY) / / / /



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)



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


5 Mode of Transfer (e.g. Donation)


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)


10 Total Income/Receipts Exempt from Income Tax (Sum of Items 1 to 3, 7A, 7B, 9A & 9B)


Other Information

BIR Form No.

1700 June 2013 (ENCS)

Page 4 170006/13ENCSP4


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:












Over P 500,000 P 125,000 + 32% of the excess

over P 500,000

For BIR Use Only

BCS/ Item 170106/13ENCSP1


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)


/

/

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)


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)


Subject to REGULAR Income Tax Only

Page 2

BIR Form No.

1701 June 2013 (ENCS)

170106/13ENCSP2


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)


(From Schedule 3 Item 3A / 3B)


53 Less: Cost of Sales/Services (Not allowed for Tax Filer who opted for OSD) (From Schedule 4 Item 27A / 27B)


55 Add: Non-Operating Income (From Schedule 5 Item 6A / 6B)


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]













Over P 500,000 P 125,000 + 32% of the excess over

P 500,000



Page 3

BIR Form No.

1701 June 2013 (ENCS)

170106/13ENCSP3


0 0 0 0

Part V - Summary of Income Tax Due


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)



Page 4

BIR Form No.

1701 June 2013 (ENCS)

170106/13ENCSP4


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


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


2 Name of Employer

Taxpayer Spouse


3 Name of Employer

Taxpayer Spouse


4 Name of Employer

Taxpayer Spouse


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)


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)


Schedule 2 - Sales/Revenues/Receipts/Fees from Business/Profession, including amount received from General Professional Partnership (GPP)



2 Add: Gross Sales/Revenues/Receipts/Fees not subject to Withholding Tax



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)


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)






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


0 0 0 0

Schedule 4B - Cost of Sales (For those engaged in Manufacturing)







11 Direct Labor








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)


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)


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)




2

3

4

Annual Income Tax Return Page 7 - Schedule 6

BIR Form No.

1701 June 2013 (ENCS)

170106/13ENCSP7


0 0 0 0

Schedule 6 (Continued) Ordinary Allowable Itemized Deductions


5 Bad Debts


7 Commissions


9 Depletion

10 Depreciation

11 Director's Fees

12 Fringe Benefits

13 Fuel and Oil

14 Insurance

15 Interest


17 Losses


19 Miscellaneous

20 Office Supplies

21 Other Services


23 Rental





28 Royalties





33 Tolling Fees




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


0 0 0 0

Schedule 7 - Special Allowable Itemized Deductions(Attach additional sheet/s, if necessary)


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


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)



4

5

6

7


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


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)



4

5

6

7


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


0 0 0 0

Schedule 9 – Tax Credits/Payments (Attach proof)





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




10 Total Tax Credits / Payments (Sum Items 1 to 9) (To Item73)

Schedule 10 - BALANCE SHEET

Assets


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


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



2

3



5

6


7

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



2

3



5

6


7

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


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


5 Fringe Benefits

6 Compensation Subject to 15% Preferential Rate










14 Number of Shares

15 Date of Issue (MM/DD/YYYY) / / / / 16 Actual Amount/Fair Market Value/Net Capital Gains



18 Other Income Subject to Final Tax Under Sections

57(A)/127/others of the Tax Code, as amended (Specify)



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.







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)


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


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


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


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)


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

/ /


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.


/ /

25 Place of Issue

26 Amount, if CTC


Details of Payment Drawee Bank/


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)


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)


Part VI - Information - External Auditor/Accredited Tax Agent


46 TIN


48 TIN


- -

-

/

/

/

/

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)


2 Sale of Services




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


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)



8 Materials Available for Use (Sum of Items 6 & 7)



11 Direct Labor








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)







26 Total Cost of Services (Sum of Items 20 to 25) (To Schedule 2 Item 27)



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)




2

3

4

5 Bad Debts


7 Commissions


9 Depletion

10 Depreciation

11 Director's Fees

12 Fringe Benefits

13 Fuel and Oil

14 Insurance

15 Interest


17 Losses


19 Miscellaneous

20 Office Supplies

21 Other Services


23 Rental

24 Repairs and Maintenance – (Labor or Labor & Materials)

25 Repairs and Maintenance – (Materials/Supplies)



28 Royalties


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)




33 Tolling Fees



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)


1 Net Income/(Loss) per books


2

3



5

6


7

8


10 Net Taxable Income (Loss) (Item 4 Less Item 9)


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


9 Long-Term Liabilities

10 Deferred Credits



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


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











12 Number of Shares





16 Other Income Subject to Final Tax Under Sections 57(A)/127/others of the Tax Code, as amended (Specify)



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)







II) Other Exempt Income/Receipts A) Other Exempt Income #1 B) Other Exempt Income #2



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


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



/20

3 Amended Return?

Yes No


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





-

13 Main Line of Business 14 PSIC Code /

15 Method of Deduction Itemized Deduction [Section 34 (A-J), NIRC]


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




/ /

24 Place of Issue

25 Amount, if CTC


Details of Payment Drawee Bank/



27 Check / /


29 Others (Specify below) / /


Stamp of Receiving Office/AAB and Date of Receipt (RO’s Signature/Bank Teller’s

Initial)


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


44 TOTAL AMOUNT PAYABLE (OVERPAYMENT) (Sum of Items 39 and 43) (To Part II Item 20)



46 TIN


48 TIN


-

-

-

/

/

/

/

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%


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%


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%


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


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)


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


2 Sale of Services




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)







Schedule 3B - Cost of Sales (For those engaged in Manufacturing)



7 Add: Purchases




11 Direct Labor








19 Cost of Goods Manufactured &Sold (Sum of Items 16 & 17 Less Item 18) (To Item 27)



20 Direct Charges - Salaries, Wages & Benefits

21 Direct Charges - Materials, Supplies & Facilities






27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Schedule 1 Item 2)


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



2

3

4

5 Bad Debts


7 Commissions


9 Depletion

10 Depreciation

11 Director's Fees

12 Fringe Benefits

13 Fuel and Oil

14 Insurance

15 Interest


17 Losses


19 Miscellaneous

20 Office Supplies

21 Other Services


23 Rental

24 Repairs and Maintenance (Labor or Labor & Materials)

25 Repairs and Maintenance (Materials/Supplies)



28 Royalties





33 Tolling Fees



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


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


3 Net Operating Loss (Item 1 Less Item 2) (To Schedule 7A)

Schedule 7A - Computation of Available Net Operating Loss Carry Over (NOLCO)



4

5

6

7

Continuation of Schedule 7A (Item numbers continue from table above)


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)



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)




2

3



5

6


7

8




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




5 Intangible Assets

6 Other Assets





10 Deferred Credits



13 Capital Stock




17 Total Liabilities and Equity (Sum of Items 12& 16)




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)




1 Interests

2 Royalties

3 Dividends











12 Number of Shares

13 Date of Issue (MM/DD/YYYY) / / / / 14 Actual Amount/Fair Market Value/Net Capital Gains






19 Total Final Tax Withheld/Paid (Sum of Items 1C to 4C, 9A, 9B, 15A, 15B, 18A & 18B)












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


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



/20

3 Amended Return?

Yes No


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





-

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]


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




/ /

24 Place of Issue

25 Amount, if CTC


Details of Payment Drawee Bank/ Agency Number Date (MM/DD/YYYY) Amount


27 Check / /


29 Others (Specify Below) / /


Stamp of receiving Office/AAB and Date of Receipt (RO’s Signature/Bank Teller’s Initial)


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)


33 Add: Other Taxable Income Not Subjected to Final Tax (From Schedule 3 Item 4)


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


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)




56 TIN


58 TIN

59 BIR Accreditation No. 60 Issue Date (MM/DD/YYYY) 61 Expiry Date (MM/DD/YYYY) - - - / / / /


BIR Form No.

1702-RT June 2013 1702-RT06/013P3


0 0 0 0

Schedule 1 - Sales/Revenues/Receipts/Fees (Attach additional sheet/s, if necessary)


2 Sale of Services




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




5 Cost of Sales (Item 3 Less Item 4) (To Schedule 2 Item 27 )

Schedule 2B - Cost of Sales (For those Engaged in Manufacturing)






11 Direct Labor








19 Cost of Goods Manufactured and Sold (Sum of Items 16 & 17 Less Item 18) (To Sched. 2 Item 27)











BIR Form No.

1702-RT June 2013 1702-RT06/13P4


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)




2

3

4

5 Bad Debts


7 Commissions


9 Depletion

10 Depreciation

11 Director's Fees

12 Fringe Benefits

13 Fuel and Oil

14 Insurance

15 Interest


17 Losses


19 Miscellaneous

20 Office Supplies

21 Other Services


23 Rental

24 Repairs and Maintenance - (Labor or Labor & Materials)

25 Repairs and Maintenance - (Materials/Supplies)



28 Royalties



BIR Form No.

1702-RT June 2013 1702-RT06/13P5


0 0 0 0

Schedule 4 - Ordinary Allowable Itemized Deductions (Continued from Previous Page)




33 Tolling Fees



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)


3 Net Operating Loss (To Schedule 6A)

Schedule 6A - Computation of Available Net Operating Loss Carry Over (NOLCO)



4

5

6

7

Continuation of Schedule 6A (Item numbers continue from table above)


4

5

6

7

8 Total NOLCO

(Sum of Items 4D to 7D) (To Part IV Item 37)


BIR Form No.

1702-RT June 2013 1702-RT06/13P6


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


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)


1 Net Income/(Loss) per books


2

3



5

6


7

8




BIR Form No.

1702-RT June 2013 1702-RT06/13P7


0 0 0 0

Schedule 10 - BALANCE SHEET

Assets

1 Current Assets




5 Intangible Assets

6 Other Assets





10 Deferred Credits



13 Capital Stock




17 Total Liabilities and Equity (Sum of Items 12 & 16)

11




BIR Form No.

1702-RT June 2013 1702-RT06/13P8


0 0 0 0

Schedule 12 - Supplemental Information (Attach additional sheet/s, if necessary)




1 Interests

2 Royalties

3 Dividends











12 Number of Shares








19 Total Final Tax Withheld/Paid (Sum of Items 1C to 4C, 9A,9B,15A,15B,18A &18B)












8 Total Income/Receipts Exempt from Income Tax (Sum of Items 1, 5A, 5B, 7A & 7B)


1


For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR INCOME TAX RATE



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-EX


1702-MX


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.


other principal officer, and shall be sworn to by such officer








www.bir.gov.ph.


(Non-eFPS) Taxpayer: The return shall be filed and the

tax shall be paid on or before the 15th day of the fourth month




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.





ease and accuracy, upon availability of the same

in the system.












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”;









the box/es; and



This return is divided into Parts I to VI with accompanying

Schedules 1 to 13. Individual instructions as to the source



PART NO. PARTS

PAGE NO.







2


2


SCHED




2B Cost of Sales (For those Engaged in

Manufacturing) 3



4




5



6


6

10 Balance Sheet 7

11 Stockholders/Partners/Members Information

7



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 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”.



the TIN for the corporation, partnership or other

non-individual taxpayer.






Certificate of Registration issued by the Securities and

Exchange Commission (SEC)/other regulatory



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



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.




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.


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





the required information and its details.








3













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:











the due date;



assessment.







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





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 59 to 61: BIR Accreditation Number, Date of

Issuance and Expiry Date.

B. For members of the Philippine Bar (i.e. individual



Items 59 to 61: Attorney’s Roll Number or


Expiry Date.

Schedules 1-3: List down the amounts of sales/ revenues/



Income from affiliates, sale of scraps, etc.)








Itemized deduction also includes interest, taxes,



and pension trust.




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.


4


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 11 Stockholders / Partners / Members






income subject to final tax: sale/ exchange of real



if applicable.





NIRC, as amended.


1. Certificate of independent CPA duly accredited by

the BIR (The CPA Certificate is required if the gross


P 150,000).




must form part of the Notes to the audited FS:



the notes to FS
















ATC DESCRIPTION TAX

RATE TAX BASE

DOMESTIC CORPORATION



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.



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.



IC 040 4. a. Government Owned & Controlled Corporations (GOCC), Agencies & Instrumentalities



IC 041 5. a. National Government and Local Government Units (LGUs)



IC 020 6. a. Taxable Partnership 30%



RESIDENT FOREIGN CORPORATION



IC 190 Offshore Banking Units (OBUs)

1. a. Foreign Currency Transaction not subjected to Final tax

10 %


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 %


b. Other than Foreign Currency Transaction 30 %

Taxable Income Other Than Foreign Currency Transaction


1



For Individuals Earning Purely Compensation Income

(Including Non-Business/Non-Profession Income)



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


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.


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


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


jurisdiction of the RDO where the tax filer is registered. In

places where there are no AABs, the return shall be filed and



2


the tax shall be paid with the concerned Revenue Collection

Officer (RCO) under the jurisdiction of the RDO.



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.





the BIR and one held by the tax filer;

2. Indicate Taxpayer Identification Number (TIN) and

registered name on each page;



corresponding to the chosen answer with an “X”; and


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 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).



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


3


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



Signature Line: When all pages of the return are



the required information about tax filer’s

Government Issued ID and its details.

Part III (Item 36) - Details of Payment



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.


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.


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



4


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.













the due date;



assessment.







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.




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


2. Waiver of the husband’s right to claim additional

exemption, if applicable.






7. Authorization letter, if filed by authorized

representative.













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)


2 Legal Basis

3 Registered Activity/Program (Registration No)


%

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)



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)


2 Sale of Services




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)






Schedule E2 - Cost of Sales (For those engaged in Manufacturing) (Attach additional sheet/s, if necessary)


7 Add: Purchases

8 Materials Available for Use (Sum of Items 6 &7)



11 Direct Labor



14 Work in Process, Beginning

15 Less: Work in Process, End



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)








27 Total Cost of Sales/Services (Sum of Items 5, 19 & 26, if applicable) (To Schedule B Item 2)


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)



2

3

4

5 Bad Debts


7 Commissions


9 Depletion

10 Depreciation

11 Director's Fees

12 Fringe Benefits

13 Fuel and Oil

14 Insurance

15 Interest


17 Losses


19 Miscellaneous

20 Office Supplies

21 Other Services


23 Rental

24 Repairs and Maintenance – Labor or Labor & Materials

25 Repairs and Maintenance – Materials/Supplies



28 Royalties


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)




33 Tolling Fees



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)


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


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)



4

5

6

7

Continuation of Schedule I A (Item numbers continue from table above)


4

5

6

7

8 Total NOLCO (Sum of Items 4D to 7D) (To Part VIII Schedule B Item 8)


1


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


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.


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.


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


PART

NO. PARTS

PAGE

NO.




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




2

SCHED

NO. SCHEDULES

PAGE

NO.

1 Gross Compensation and Tax Withheld 5


3 Other Taxable Income Not Subjected to Final Tax 5




5 Non-Operating Income 6



8 Computation of Net Operating Loss Carry Over

(NOLCO)

8


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


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.


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


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


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.


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



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


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


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


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 116 to 118: BIR Accreditation Number, Date of Issuance, and

Expiry Date.



4

b) For members of the Philippine Bar (i.e. individual practitioners,

members of GPPs);


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


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


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


5. Certificate of Creditable Tax Withheld at Source (BIR Form

No. 2307).

6. Certificate of Compensation Payment/Tax Withheld (BIR Form

No. 2316).




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.


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


1


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-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




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


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




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




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.


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.






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


PART NO. PARTS

PAGE NO.




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


1 Computation of Tax per Regime 3

2 Tax Relief Availment 3



3B Cost of Sales (For those Engaged in Manufacturing)

4



5



2


SCHEDNO. SCHEDULES

PAGE NO.



6



7


7

11 Balance Sheet 8




9

For Items 1 to 5


accounting period (Fiscal or Calendar year) upon the basis

of which the net income is computed by the tax filer.


being filed.





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”.





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.


main line of business the company is engaged in per BIR

Form No. 2303.


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.


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.




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


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


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).



3



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);


Number (TIN);



b) For members of the Philippine Bar (i.e. individual



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


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


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).


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


4


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


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


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.


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



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.


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.


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).



prescribed under existing revenue issuances which must

form part of the Notes to the Audited FS:


b. Other information prescribed to be disclosed in the

notes to FS

3. Statement of Management’s Responsibility (SMR) for

Annual Income Tax Return.



5. Certificate of Creditable Tax Withheld at Source (BIR

Form No. 2307).




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.



1


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-EX


1702-MX


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.


other principal officer, and shall be sworn to by such

officer and by the treasurer or assistant treasurer.







www.bir.gov.ph.


(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






ease and accuracy, upon availability of the same in the

system.























the box/es; and



2




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


PART NO. PARTS

PAGE NO.







2

SCHED







4




5

7 Balance Sheet 6




7

For Items 1 to 5


accounting period (Fiscal or Calendar year) upon the basis of

which the net income is computed by the tax filer.


being filed.





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










Certificate of Registration issued by the Securities

and Exchange Commission (SEC)/other regulatory



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




main line of business the company is engaged in per

BIR Form No. 2303.




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.


3


For example: From start date: May 31, 2012 shown as

05/31/2012 to end date May 31,2015 shown as

05/31/2015.


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.



the number of pages filed. In Items 23-26, provide the

required information and its details.

















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.


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);





B. For members of the Philippine Bar (i.e.

individual practitioners, members of GPPs);



Items 49-51: Attorney’s Roll Number or


Expiry Date.

SCHEDULES:

Schedules 1 - 3: List down the amounts sales/revenues/



Income from affiliates, sale of scraps, etc.).








Itemized deduction includes also interest, taxes,



and pension trust.




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.












4








Schedule 8 Stockholders/Partners/Members






income subject to final tax; sale/exchange of real



if applicable.





NIRC, as amended.


1. Certificate of independent CPA duly accredited by the

BIR (The CPA Certificate is required if the gross


P150,000).




must form part of the Notes to the Audited FS:



the notes to FS
















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


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)



2 Legal Basis

3 Registered Activity/Program (Registration No.)


% .

%

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)


(From Schedule E Item 3A/3B) (To Part IX Item 2)


4 Less: Cost of Sales/Services (From Schedule F Item 27A/27B) (To Part IX Item 4)


6 Add: Non-Operating Income (From Schedule G Item 6A/6B) (To Part IX Item 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)


Tax Regime per ACTIVITY Page 2m – Schedules D to F2

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Schedule D - Sales/Revenues/Receipts/Fees from Business/Profession, Including amount received from General Professional Partnership (GPP)



2 Add: Gross Sales/Revenues/Receipts/Fees not subject to Withholding

Tax



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)


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)




3 Total Merchandise/Goods Available for Sale (Sum of Items 1 & 2)


5 Cost of Sales (Item 3 Less Item 4) (To Schedule F Item 27)

Schedule F2 - Cost of Sales (For those engaged in Manufacturing)







11 Direct Labor








19 Cost of Goods Manufactured & Sold (Sum of Items 16 & 17 Less Item 18)

(To Schedule F Item 27)



Page 3m - Schedules F3 to H

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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)



21 Direct Charges- Materials, Supplies and Facilities

22 Direct Charges- Depreciation




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)


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)




2

3

4

5 Bad Debts


7 Commissions


9 Depletion

10 Depreciation

11 Director's Fees

12 Fringe Benefits

13 Fuel and Oil

14 Insurance


Tax Regime per ACTIVITY Page 4m - Schedules H to I

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Schedule H - (Continued) Ordinary Allowable Itemized Deductions


15 Interest


17 Losses


19 Miscellaneous

20 Office Supplies

21 Other Services


23 Rental





28 Royalties





33 Tolling Fees




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


1

2

3

4

5 Total Special Allowable Itemized Deductions (Sum of Items 1 to 4) (To Schedule B Item9A/9B)



Page 5m - Schedules J to K2

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Schedule J – Tax Credits/Payments (Attach proof)





4 Creditable Tax Withheld for the Fourth Quarter


6 Tax paid in return previously filed, if this is an amended return




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



2

3



5

6


7

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



2

3



5

6


7

8


10 Net Taxable Income (Loss) - Spouse (Item 4 Less Item 9)

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