With the passage of the (Republic Act No. 11534), important changes were made to corporate income tax rates.
The BIR Form 1702 RT Version 2018 Excel Format is a useful tool for taxpayers in the Philippines. Its automated calculations, easy data entry features, and comprehensive instructions make it easier for taxpayers to complete and submit their income tax returns. However, taxpayers should still exercise caution and seek professional advice if they are unsure about any aspect of the form.
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All entries must be in CAPITAL LETTERS using black ink. Payment/Remittance Forms - Bureau of Internal Revenue bir form 1702 rt version 2018 excel format
Note: If your corporation has mixed income streams (e.g., part regular tax, part preferential tax, or exempt), you must use Form 1702-MX instead. 2. Why Use an Excel Format for BIR Form 1702-RT?
Understanding Offline eBIRForms: A Comprehensive Guide - JuanTax
A comprehensive 1702-RT Excel spreadsheet is typically broken down into distinct tabs or color-coded sections that mirror the actual BIR form layout. Part I: Background Information With the passage of the (Republic Act No
This is where you input Gross Income, Ordinary Allowable Deductions, and Special Allowable Deductions.
On or before April 15 of each year, covering income for the preceding taxable year.
The section where your Audited Financial Statements (Income Statement and Balance Sheet) are transposed. It maps out your Sales/Revenues, Cost of Sales, and Ordinary Allowable Itemized Deductions (such as salaries, rent, utilities, and depreciation). Step-by-Step Guide to Using the Excel Template Its automated calculations, easy data entry features, and
Mastering BIR Form 1702-RT Version 2018 in Excel Format: A Comprehensive Guide for Philippine Corporations
This is the summary sheet where the final numbers converge. It aggregates net taxable income, applies the current tax rate, subtracts tax credits (such as Form 2307 certificates), and calculates the final amount payable or any overpayment to be carried over. Part III: Details of Payment
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