1702q form july 2008-2025

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The document is a detailed guide for BIR Form 1702 (ENCS), which is the Annual Income Tax Return for corporations and partnerships in the Philippines. It outlines the schedules for reporting gross income, cost of sales, taxable other income, deductions, and computations for minimum corporate income tax (MCIT) and improperly accumulated earnings tax. The form requires accurate reporting of income and expenses, specifies filing procedures, deadlines, penalties for non-compliance, and necessary attachments.

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Click ‘Get Form’ to open the 1702q form July 2008 in the editor.
Begin with Section A, where you will input your gross income. Fill in the sales of goods, services, and properties as required. Ensure that you calculate the total accurately and deduct any sales returns or discounts.
Proceed to Schedule 2 for the cost of sales. Enter your beginning inventory, purchases, and calculate the total goods available for sale before deducting your ending inventory.
In Schedule 3, detail your direct charges related to services. List all relevant expenses such as salaries and materials to arrive at the total cost of services.
Complete Section B by calculating your Minimum Corporate Income Tax (MCIT). Input your total gross income and apply the appropriate tax rate.
Finally, review all sections for accuracy before signing off on the document. Use our platform's features to save or share your completed form easily.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the last date for submission of an income tax return?

Filing late under a belated return could mean a higher effective tax liability if these deductions are forfeited. So, if you have missed the September 16 deadline, file your ITR as soon as possible. Submitting a belated return before December 31 will keep you compliant, though a small penalty may apply.

What is the deadline for BIR Form 1702Q?

BIR Tax Deadlines Form No.RequirementDeadline for manual filers 1702-Q Quarterly Income Tax Return (for corporations and partnerships) - 1st Quarter May 29 or 60 days after end of each quarter - 2nd Quarter August 29 or 60 days after end of each quarter - 3rd Quarter November 29 or 60 days after end of each quarter25 more rows

Who is required to file BIR form 1702?

What is this form? BIR form 1702-RT, or also known as Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate is a tax form which is filed by non-individual taxpayers whose earnings are subject to income tax rate of 30%.

What are the deadlines for BIR form 1701Q?

2. Whats the difference between 1701Q, 1701A, and 1701? FormWhat its forWhen to file 1701Q Quarterly income tax return May 15, Aug 15, Nov 15 1701A Annual return using 8% flat tax April 15 1701 Annual return using graduated tax rates April 15 May 12, 2025

What is the deadline for ITR filing 2025?

You can still file a belated ITR for AY 2025-26. This year, the deadline was first extended from 31 July to 15 September and then given a last-minute extension of one day to 16 September. Those who missed it can file a belated return till 31 December 2025, but penalties under Section 234F apply.

bir form 1702q

1702q form july 2008 pdf download 1702q form july 2008 pdf 1702q form july 2008 instructions 1702q form july 2008 online 1702q form july 2008 download BIR Form 1702Q Excel download 1702Q eBIRForms eBIRForms Version 7.2 FREE download

What is the difference between 1701Q and 1702Q?

First, you need to know which BIR form applies to you. BIR requires different forms based on your taxpayer classification: Sole-Proprietor or Professionals use BIR Form 1701Q. Corporations and partnerships use BIR Form 1702Q.

Can I use the old version of eBIRForms?

Old forms can be used as a basis for comparing new forms. Thats about it. If you mistakenly file using an old form, chances are your tax return wont be accepted as an official filing.