The form consists of several parts: taxpayer information, computation of taxable income, income tax due, tax credits and payments, and summary of tax payable. Filing is done via the BIR’s Electronic Filing and Payment System (eFPS) for mandated taxpayers, or manually with electronic filing (eBIRForms) for others. The official format is a government-issued PDF with embedded calculations.
Filing Date This return shall be filed on or before April 15 of each year covering income for the preceding taxable year. Bureau of Internal Revenue
Filling out BIR Form 1702 RT Version 2018 Excel Format requires careful attention to detail. Here are the steps to follow:
Tracks gross operations. Schedule 2 (Cost of Sales/Services): Itemizes direct costs. bir form 1702 rt version 2018 excel format
Reconciles accounting income with taxable income.
* Number. * Date (MM/DD/YYYY) * Amount. * 23 Cash/Bank Debit Memo. * 24 Check. * 25 Tax Debit Memo. * 26 Others (specify below) Bureau of Internal Revenue BIR Form 1702-RT - eFPS
The BIR provides an Excel template for BIR Form 1702 RT Version 2018, which can be downloaded from the BIR website or other authorized sources. Using this template, taxpayers can easily fill out and compute the necessary information for their tax return. The form consists of several parts: taxpayer information,
Whether you utilize or the Optional Standard Deduction (OSD) .
Generally, on or before April 15 of each year for the preceding taxable year. 2. Who Must Use Form 1702-RT? Entities that must use this specific form include: Corporations, partnerships, and joint ventures. Entities subject to the regular income tax rate. Non-profit organizations with taxable income.
If you have a tax payable, you will specify the payment method and details in this section. Filing Date This return shall be filed on
5. Step-by-Step Workflow: From Excel to Official BIR Submission
Deductions allowed under special laws.