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1:08 5:53 How to File Annual Income Tax Return (1701) Online using eBIR Forms in ... YouTube Start of suggested clip End of suggested clip It's automatically selected based on the option in item number seven in the method of deduction i'llMoreIt's automatically selected based on the option in item number seven in the method of deduction i'll be selecting itemized deduction for part two which is on total tax payable.
What is the difference between BIR form 1701 and 1701A?
The main difference between the forms is that BIR Form No. 1701 is for those with mixed-income (eg. someone who is both a freelance writer and a teacher), while 1701A is for those whose income is only coming from his/her business or profession (eg. a full-time freelance writer or a bakery owner).
Who are required to file BIR form 1700?
For individuals earning purely compensation income from two or more employers within the same taxable year, they are required to file BIR Form 1700 as their annual income tax return.
What is the purpose of BIR form 1701?
BIR Form 1701, also known as Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts is a tax form which summarizes all the transactions made over the tax calendar year.
Who are required to file BIR form 1701?
BIR Form No. 1701 shall be filed by individuals who are engaged in trade/business or the practice of profession including those with mixed income (i.e.., those engaged in the trade/business or profession who are also earning compensation income) in accordance with Sec.
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How do I fill out a BIR 1701?
2:25 14:50 How to file 1701 (Annual Income Tax Return) online | 2021 Tutorial YouTube Start of suggested clip End of suggested clip One two thousand one citizenship filipino. And if you're claiming foreign tax credits you press yesMoreOne two thousand one citizenship filipino. And if you're claiming foreign tax credits you press yes and then you put in your foreign tax number if applicable. Then your civil status.
What is the purpose of BIR form 1701?
BIR Form 1701, also known as Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts is a tax form which summarizes all the transactions made over the tax calendar year.
What is the difference between BIR form 1700 and 1701?
1700 while self-employed individuals should file either the Annual Income Tax Return for Individuals Earning Purely from Business or Profession (BIR Form No. 1701A) or the Annual Income Tax Return for Individuals including Mixed Income Earner, Estates and Trusts (BIR Form No. 1701).
Who are required to file BIR form 1701?
BIR Form No. 1701 shall be filed by individuals who are engaged in trade/business or the practice of profession including those with mixed income (i.e.., those engaged in the trade/business or profession who are also earning compensation income) in accordance with Sec.
What is BIR form No 1707?
The Capital Gains Tax Return (BIR Form No. 1707) shall be filed in triplicate by every natural or juridical person, resident or non-resident, for sale, barter, exchange or other onerous disposition of shares of stock in a domestic corporation, classified as capital assets, not traded through the local stock exchange.
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