Bir Form 1702 Rt Version 2018 Excel Format Updated

The (version January 2018) is the Annual Income Tax Return for corporations, partnerships, and other non-individual taxpayers subject only to the Regular Income Tax Rate .

Create a column that exactly mirrors the form's line numbers. This is crucial for seamless data transfer. For example, you might have:

With the passage of the (Republic Act No. 11534), important changes were made to corporate income tax rates.

The version released in January 2018, coded "ENCS" (Enhanced Non-Computational System) in the upper corner, introduced a user-friendly layout specifically for the eBIRForms offline package. bir form 1702 rt version 2018 excel format

This comprehensive guide breaks down the structure of BIR Form 1702-RT Version 2018, explains why an Excel template is an indispensable tool for tax preparation, and highlights critical items you must look for in a functional spreadsheet template. Understanding BIR Form 1702-RT (Version 2018)

Payments can be made through Authorized Agent Banks (AABs) or online banking channels (e.g., GCash, PayMaya, Landbank).

Line of Business and ATC (Alphanumeric Tax Code) — typically IC 010 for Domestic Corporations or IC 020 for Resident Foreign Corporations. Part II: Total Tax Payable The (version January 2018) is the Annual Income

: Summarizes the income tax due, credits, and any applicable penalties like surcharges or interest. Part IV - Computation of Tax

Once your Excel version of is complete, you cannot submit the Excel file directly to the BIR. Follow these steps:

: An updated sub-version ("C") often found in eBIRForms which disables automatic tax computation For example, you might have: With the passage

This important section shows how accounting income from your books is adjusted to arrive at taxable income. Key adjustments include:

Always save the final Excel draft alongside your finalized Audited Financial Statements and your eBIRForms .xml or PDF confirmation receipt. This forms your core defense file for future tax assessments.

| Line | Field Name | Description / Instructions | | :--- | :--- | :--- | | 1 | For Calendar/Fiscal | Indicate if taxable year is calendar or fiscal. | | 2 | Year Ended (MM/20YY) | Enter the year the taxable year ended. | | 3 | Amended Return? | Mark "Yes" if this return amends a previously filed return. | | 4 | Short Period Return? | Mark "Yes" if the return covers a period shorter than 12 months. | | 5 | Alphanumeric Tax Code (ATC) | Enter the ATC (e.g., IC 055 for Minimum Corporate Income Tax/MCIT) | | 6 | Taxpayer Identification Number (TIN) | Enter your 9-digit TIN (required field). | | 7 | RDO Code | Enter the 3-digit code of your Revenue District Office. | | 8 | Registered Name | Enter your business name (1 letter per box using CAPITAL LETTERS). | | 9A | Registered Address | Indicate complete registered address. | | 9B | ZIP Code | Enter the ZIP code. | | 10 | Date of Incorporation/Organization | Format: MM/DD/YYYY. | | 11 | Contact Number | Provide current contact number. | | 12 | Email Address | Provide valid email address for BIR correspondence. | | 13 | Method of Deductions | Choose one: Itemized Deductions OR Optional Standard Deduction (OSD) of 40%. |

On or before the 15th day of the 4th month following the close of the taxpayer’s designated fiscal year. The Value of an Excel Format for BIR Form 1702-RT