It is easier to edit, review, and save drafts before finalization.
This acts as a summary sheet where the final income tax due, total penalties (if applicable), net tax payable, or overpayment details are displayed. 3. Part III – Details of Payment
Pay any tax due through Authorized Agent Banks (AABs) or electronic payment channels (Gcash, Maya, bank apps).
The BIR released these revised forms starting in 2019, but they are labeled as January 2018 versions for consistency. If you are filing for a taxable year after 2018, you should use this version unless the BIR has released a newer one. bir form 1702 rt version 2018 excel format free
Following the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law, the Bureau of Internal Revenue (BIR) updated its forms, resulting in the . This version restructured how gross income, deductions, and tax rates are reported to match modernized tax laws. Who Needs to File BIR Form 1702-RT?
This acts as the summary sheet. It aggregates the numbers computed in the deeper schedules to display your final tax obligations, total penalties (if applicable), and net tax still due or overpayment status. Part III: Computation of Tax
Excel files are easier to archive and search than PDF screenshots of the eBIRForms interface. It is easier to edit, review, and save
Do you need help understanding the difference between and the optional standard deduction ? Share public link
Submit the printed tax return, financial statements, and BIR Form 2307s to your RDO. Final Thoughts
Gross Income (Ordinary and those subject to regular rates). Part III – Details of Payment Pay any
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 BIR Form No. 1702Q - Guidelines and Instructions - eFPS
While the BIR provides PDF versions of the form on their website, the Excel versions are often created by tax professionals and accounting blogs.
Teams can share the file internally before the final data is encoded into the BIR’s official software.