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He alphanumeric tax code which is assigned by the Bureau upon registration IC 055Minimum Corporate Income Tax based on the tax type /tax rate and the nature (MCIT) O of the business of the taxpayer. This ATC (refer to page 3) is required to be O accomplished as this serves as a tool in the Integrated Tax System (ITS) of the Bureau to sort data/information stored in the ITS database necessary to come up with statistical data and reports. Mark the applicable circle.

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BIR form 1702Q, or also known as Quarterly Income Tax Return (For Corporations and Partnerships) is a tax return intended for corporations, partnerships and non-individual taxpayers.

What is this form? BIR Form 1702-EX is an Annual Income Tax Return for Corporations, Partnership, and Other Non-Individual Taxpayer EXEMPT.

Form 1702-RT should be used by taxpayers who only have one source of income which is subject to regular tax rate of 30%. On the other hand, Form 1702-MX should be used by taxpayers who have multiple sources of income which are subjected to different tax rates or with income subject to special/preferential rates.

Updated March 2018 Page 2 2 Starting January 1, 2018, compensation income earners, self-employed and professional taxpayers (SEPs) whose annual taxable incomes are P250,000 or less are exempt from the personal income tax (PIT). The 13th month pay and other benefits amounting to P90,000 are likewise tax-exempt.

To summarize, the BIR tax penalties imposed by the Bureau of Internal Revenue for your failure to file and pay tax form on or before due date are as follows: Surcharge of 25% or 50% Interest of 12% or 20% Compromise of P1,000 to P50,000.

1702-EX. Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayers EXEMPT Under the Tax Code, as Amended, [Sec. 30 and those exempted in Sec. 27(C)] and Other Special Laws, with NO Other Taxable Income.

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%.

1702Q (Quarterly Income Tax Return for Corporations, Partnerships and Other Non-individual Taxpayers) BIR Form No. 1702-RT (Annual Income Tax Return For Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to Regular Income Tax Rate); and.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232