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Ensure cells that should only contain numbers are formatted as such. Auto-Sum: Use formulas (
specifically for corporations, partnerships, and non-individuals subject only to the regular income tax rate Bureau of Internal Revenue The Search for the "Free Excel Format" bir form 1702 rt version 2018 excel format free
While the official filing must eventually go through eBIRForms or the Electronic Filing and Payment System (eFPS), keeping a downloadable Excel version serves several practical purposes:
For corporations, partnerships, and other non-individual taxpayers in the Philippines subject to regular income tax, the (Annual Income Tax Return for Corporations, Partnerships and Other Non-Individual Taxpayers) is a crucial compliance document. Following the tax reforms, the January 2018 version is frequently used, and many taxpayers look for an Excel format to simplify the filing process. Let me know if you want any changes
The keyword "free" is crucial because many online sellers attempt to charge for these templates, even though the BIR provides them for free through accredited channels.
While the CREATE Act (Republic Act No. 11534) reduced the RCIT rate to 25% (or 20% for certain entities) effective July 2020, the format of BIR Form 1702 RT (Version 2018) is still widely used as the basis for tax filing, with adjustments for the new rates often handled via attachments or online systems. Many taxpayers still prefer the 2018 Excel version for record-keeping and manual calculation. Following the tax reforms, the January 2018 version
Filing your annual income tax return in the Philippines can be a daunting task, especially for corporations, partnerships, and other non-individual taxpayers. Among the most commonly used—yet misunderstood—forms is the .
It simplifies filling out Schedule 8 (Reconciliation of Net Income per Books against Taxable Income), which is traditionally the most complicated portion of the return. How to Use the Free Excel Template Efficiently