BIR Form 1701 – Fill Out and Use This PDF

The BIR Form 1701, also known as the Annual Income Tax Return for Self-Employed Individuals, Professionals, Estates, and Trusts, is a mandatory document that consolidates all transactions over the calendar year for those engaged in business, practice of profession, or both, along with earning compensation income. This form, which must be completed in three copies, is designed to ensure that all applicable transactions, whether resulting in income, loss, or no operation, are accounted for in accordance with Section 51 of the Tax Code. Ensuring it is filled out accurately and submitted on time is crucial for compliance and avoiding potential penalties.

For guidance on how to properly fill out and submit your BIR Form 1701, click the button below.

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BIR Form 1701 PDF Details

Understanding the BIR Form 1701 is crucial for self-employed individuals, professionals, estates, and trusts, including those with both business and compensation income, as it serves as the annual income tax return required by the Bureau of Internal Revenue in the Philippines. This comprehensive form is designed to summarize all transactions within the calendar year, ensuring that taxpayers comply with Section 51 of the Tax Code. Taxpayers are advised to fill out the form diligently, providing necessary details such as taxpayer identification numbers, registered addresses, and the nature of their business or profession. The form, which must be submitted in three copies, also asks for information on one's marital status, contact information, method of deduction, and any additional exemptions being claimed. Moreover, it includes sections for spouse information and dependent children, emphasizing its role in facilitating accurate tax computation and potential tax relief under special laws or international tax treaties. It is imperative for individuals to understand every aspect of this form to ensure compliance with tax regulations and to make the most of potential tax benefits.

Question	Answer
Form Name	BIR Form 1701
Form Length	12 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	3 min
Other names	bir form1701, 1701 bir form, form 1701 bir download, bir form 1701 pdf

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BIR FORM 1701 PRIMER

ANNUAL INCOME TAX RETURN FOR SELF-EMPLOYED/PROFESSIONALS, ESTATES AND TRUSTS (INCLUDING THOSE WITH BOTH BUSINESS AND COMPENSATION INCOME) -

Individuals who are engaged in trade or business or the practice of profession including those mixed income earners (i.e., those engaged in the trade/business or profession who are also earning compensation income) are required to file an annual income tax in accordance with Sec. 51 of the Code, as amended. The annual income tax return summarizes all the transactions covering the calendar year of the taxpayer.

This Form is to be accomplished by the taxpayer in three (3) copies. The first two (2) copies upon filing will be submitted to BIR for its File and Encoding Copies, while the third copy is retained by the taxpayer for his/her/its File Copy.

This Form is required to be filed, whether or not resulting in taxable income or loss or no operations/transactions.

The following are the general instructions in accomplishing this Form:

(1)All applicable spaces must be filled in;

(2)All information required by the Form must be written in capital fonts (CAPITAL LETTERS);

(3)Mark with an “X” all applicable circles.

(A)Contents and Instruction/Description of the Fields of Information/Data Required by the Form.

Item No.		Information/Data			Description
			Part 1 Background Information
1	For the year		(YYYY)	Indicate the taxable year covered by the return.
				Individual taxpayers are always on a calendar
				year basis (i.e. 2012).

2	Amended Return?			Mark the applicable circle with an “X”. This item
	O Yes	O No		shall indicate whether or not the		tax return being
				accomplished and filed for the			year		is	a
				correction or	an amendment	to	a	previously
				filed income tax return covering the same					year .

3	Joint Filing?			Mark the applicable circle with an “X”. This item
	O Yes		O No	shall indicate whether or not the return to be
				accomplished, in the case of spouses, shall be a
				joint return of both their income. If no spouse,
				mark the No circle with an “X”.

		TAXPAYER’S BACKGROUND INFORMATION
4	Taxpayer Identification Number			Fill in the Taxpayer Identification Number (TIN)
	(TIN)			issued to the taxpayer evidencing his/her/its
				registration with the Bureau. The TIN comprises
				of a nine to thirteen (9 to 13) digit numeric code
				where the first nine (9) digits is the TIN proper
				and the last four (4) digits is the branch				code. The
				branch code shall always be 0000.

5	RDO Code			Indicate the Revenue District Office Code,
				comprising of three (3) digits numeric or
				alphanumeric	code, where the	taxpayer’s				head

Page 1 of 22

			office is registered. For example: 001 for Laoag
			City, 43A for East Pasig.

6	Taxpayer’s	Name	Write the name of the individual taxpayer
	Last Name		beginning with the surname/last name followed by
	First Name		the first name and lastly the middle name.
	Middle Name

7	Registered Address		Write the registered address of the principal place
	Unit/Room Number/Floor		of business of the taxpayer. All applicable spaces
	Building Name		must be filled in.
	Lot/Block/Phase/House/Building
	Number
	Street Name
	Subdivision/Village
	Barangay
	Municipality/City
	Province
	Zip Code

8	Date of Birth		Write the taxpayer’s date of birth indicating the
	(MM/DD/YYYY)		month, day and year. In case of estate or trust,
			the date of birth is the day when it was registered
			in the BIR. For example: If the birthday is January
			5, 1970, write 01 05 1970.

9	Gender (Sex)		Mark the applicable circle with an “X”. This refers
	O Male	O Female	to the gender of a person, either a male or female,
			at the time of birth in accordance with the Civil
			Code. For estate and trust, leave this item
			unmarked.

10	Civil Status		Mark the applicable circle with an “X”. This refers
	O Single	O Married	to the civil status of the taxpayer. The estate or
	O Separated O Widow/er		trust is considered to be single.

11	Contact Number		Write the telephone or cell phone number of the
			taxpayer where the taxpayer can be contacted in
			case there is a need to validate certain
			information/data contained in the return filed.

12	E-mail address		Write the existing official email address of the
			taxpayer wherein BIR will be able to communicate
			electronically in case there is a need to validate
			certain information/data contained in the return
			filed

13	Line of Business		Indicate the nature of the business/profession the
			taxpayer is engaged in as indicated in the
			Certificate of Registration (BIR Form No. 2303).

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Alphanumeric Numeric Code

Mark the applicable circle with an “X”.

(ATC)

II 011 Compensation Income

II 012 Business Income/Income

from Profession

II 013 Mixed Income

Method of Deduction

Mark the applicable circle with an “X” the method

Itemized Deduction [Secs. 34

of deduction

employed

the

taxpayer

(A to J), NIRC]

claiming

the

deductions

for

the

taxable

year

Optional Standard Deduction

whether

itemized

optional

standard

(OSD)-40% of Gross

deduction. The chosen method of deduction used

Sales/

in the first quarter of the year shall be consistently

Receipts/Revenues/Fees

applied throughout the year.

[Section 34 (L), NIRC, as

amended by R.A. No.

9504]

Claiming for Additional

Mark the circle Yes with an “X” if the taxpayer/filer

Exemption?

is the one claiming the additional exemption/s for

O Yes

qualified child/ren, otherwise mark with “X” the

O No

circle No. If there is no child to be claimed as

additional exemption, leave the space unmark.

If yes, number of Qualified

If yes to Item 16, write 1, 2, 3 or 4 on the box

Dependent Children

depending on the number of qualified dependent

child/ren listed in Item 29.

SPOUSE’S INFORMATION

Spouse’s Name

Write the name of the spouse of the individual

Last Name

taxpayer beginning with the surname/last name

First Name

followed by the first name and lastly the middle

Middle Name

name.

Taxpayer Identification Number

Fill in the Taxpayer Identification Number (TIN)

(TIN)

issued to the spouse of the taxpayer evidencing

his/her registration with the Bureau, if applicable.

RDO Code

Indicate the Revenue District Office Code,

comprising of three (3) digits numeric or

alphanumeric code, where the spouse of the

taxpayer is registered, if applicable.

Date of Birth (MM/DD/YYYY)

Write the date of birth of the spouse of the

taxpayer indicating the month, day and year. For

example: If the birthday is January 5, 1970, write

01 05 1970.

Contact Number

Write the telephone or cell phone number of the

spouse of the taxpayer where the spouse can be

contacted in case there is a need to validate

certain information /data contained in the return

filed.

Page 3 of 22

23	E-mail Address			Write the existing official e-mail address of the
				spouse of the taxpayer wherein BIR will be able to
				communicate electronically in case there is a need
				to validate certain information/data contained in
				the return filed.
				.
24	Line of Business			Indicate the nature of the business/profession the
				spouse of the taxpayer is engaged in, if
				applicable.

25	Alphanumeric Numeric Code			Mark the applicable circle with an “X”.
	(ATC)
	II 011 Compensation Income		O
	II 012 Business Income/Income
		from Profession	O
	II 013 Mixed Income		O

26	Method of Deduction			Mark the applicable circle with an “X” the method
	O	Itemized Deduction [Secs. 34		of deduction		employed	by the spouse of the
		(A to J), NIRC]		taxpayer	in	claiming the deductions		for the
	O	Optional Standard Deduction		taxable	year	whether	itemized or	optional
		(OSD)-40% of Gross		standard deduction. The chosen method of
		Sales/		deduction used in the first quarter of the year shall
		Receipts/Revenues/Fees		be consistently applied throughout the year.
		[Section 34 (L), NIRC, as
		amended by R.A. No.
		9504]

27	Claiming for Additional			Mark the circle Yes with an “X” if the spouse is the
	Exemption?			one claiming the additional exemption/s for
				qualified child/ren, otherwise mark with “X” the
				circle No. If there is no child to be claimed as
				additional exemption, leave the space unmark.

28	If yes, number of Qualified			If yes to Item 28, write 1, 2, 3 or 4 on the box
	Dependent Children			depending on the number of qualified dependent
				child/ren listed in Item 29.

29	Qualified Dependent Children			Write the surname/last name, first name(s),
				middle name, date of birth, (month, day, and year)
				of the child/ren, and mark the circle with an “X” if
				physically or mentally incapacitated. In the case of
				married individuals where only one of the spouses
				is deriving gross income, only such spouse shall
				be allowed the personal exemption. An individual,
				whether single or married, shall be allowed an
				additional exemption of P25,000.00 for each
				qualified dependent child, not exceeding four (4).
				The additional exemption for dependents shall be
				claimed by the husband, who is deemed the
				proper claimant unless he explicitly waives his
				right in favor of his wife.
				Dependent child means a legitimate, illegitimate or
				legally adopted child chiefly dependent upon and
				living with the taxpayer if such dependent is not

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more than twenty one (21) years of age, unmarried and not gainfully employed or if such dependent, regardless of age, is incapable of self- support because of mental or physical defect.

30Are you availing of tax relief Mark the applicable circle with an “X”. The yes

under		Special	Law	or circle is applicable to those who are availing of
International Tax Treaty?				preferential tax rates/incentives and privileges/
O	Yes			exemptions granted by special law, international
O	No			agreement or treaty.
				If the answer to this query is yes, the taxpayer is
				required to fill in Part VII (Items 91 to 98) the
				specific details to indicate the required
				information/data to which the particular incentive/
				exemption/preferential tax rate is being availed,
				otherwise, mark the circle No with an “X”.

NOTE: In case any information in the income tax return differs from the registered information, the taxpayer shall immediately inform/notify in writing the Revenue District Office where the taxpayer is registered using BIR Form No. 1905 in order to effect the necessary change/update on any background information in the registration.

Part II Computation of Tax

(NOTE: The tax shall be computed per column for Taxpayer or Spouse)

Before filling in Part II, fill in first Part V of this form (Items 51 to 71)

31	Income Tax Due under Regular			Write the amount of income tax due under
	Rate			Regular Rate by copying the amount reflected in
				Item 69C/69D of Part V.

32	Add:	Income	Tax Due under	Write the amount of income tax due under Special
	Special Rate			rate by copying the amount reflected in Item
				69A/69B of Part V.

33	Total Income Tax Due			Write the amount of Total Income Tax Due which
				is the sum of Items 31A and 32A/31B and 32B.

34	Aggregate Income Tax Due			Write the amount of aggregate income tax due of
				the taxpayer and spouse which is the sum of
				Items 33A and 33B.

35	Less:	Tax	Credits/Payments	This refers to the amount of tax credits/payments
	(attach proof)			of the taxpayer/spouse during the year allowed to
				be deducted from the tax due. Proof is required to
				be attached.

35A/B	Prior Year’s Excess Credits			This refers to the amount of excess
				payments/withholding in prior year/s which are
				carried forward in the current year and allowed to
				be applied against the income tax due.

35C/D	Tax Payment for the 1st Three			Write the amount of the income tax payments
	Quarters			made for the first three (3) quarters of the current
				year.

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35E/F	Creditable Tax Withheld for the		Write the amount of the creditable income tax
	1st Three Quarters		withheld by payor/s on the income payments
			made to the taxpayer/spouse in the first three
			quarters of the current year.

35G/H	Creditable Tax Withheld per BIR		Write the creditable income tax withheld by
	Form No. 2307 for the 4th quarter		payor/s on the income payments made to the
			taxpayer/spouse in the fourth (4th) quarter of the
			current year. Attach BIR Form No. 2307 issued by
			the payor/s.

35I/J	Tax withheld per BIR Form No.		Write the amount of withholding tax on
	2316		compensation withheld by the employer/s on the
			compensation income of the taxpayer/spouse and
			remitted to the BIR. Attach BIR Form No. 2316
			issued by the employer/s.

35K/L	Tax Paid in Return Previously		Indicate the amount of income tax paid in the
	Filed, if this is an Amended		previous return filed. Attach the previous return
	Return		filed and proof of income tax payment.

36M/N	Foreign Tax Credits		Write the amount of final tax or income tax
			withheld by a foreign country. Ex: Income tax
			withheld by the U.S. government to the prize of
			Manny Paquiao after his fight or the income tax
			withheld by a U.S. corporation(s) wherein he
			endorsed its/their products.

35O/P	Other Payments/Credits, specify		Indicate the amount/s of any other payments/tax
			credits allowed to be applied against the tax due.

35Q/R	Total Tax Credits/ Payments		Write the amount of the total tax credits/payment
			claimed (Sum of Items 35A, C, E, G, I, K, M and
			O/35B, D,F, H, J, L, N and P)

36	Net Tax Payable/(Overpayment)		Indicate the difference between the tax due in
			Item 33A/33B and the total payments/credits in
			Item35Q/35R).

37	Aggregate Tax Payable/		Indicate the aggregate tax payable/ (overpayment)
	(Overpayment)		of taxpayer and spouse which is the sum of Items
			36A and 36B.

38 Penalties	38A/38E	Surcharge (25% or	Indicate the amounts which are additions to the
		50% of tax due)	tax that serve as civil penalties imposed upon the
			taxpayer in cases of violations committed with
	38B/38F Interest (20% per year		respect to the filing of the income tax return and/or
		of tax due)	payment of the tax due thereon.
	38C/38G	Compromise (basis is	There shall be imposed and collected as part of
		RMO 19-2007)	the tax:
			1. A surcharge of twenty five percent (25%) for
	38D/38H Total penalties (sum of		each of the following violations:
		Items 38A, 38B and	a) Failure to file any return and pay the
		38C/38E, 38F and	amount of tax or installment due on or

Page 6 of 22

	38G)	before the due dates;
		b) Unless otherwise authorized by the
		Commissioner, filing a return with a person
		or office other than those with whom it is
		required to be filed;
		c) Failure to pay the full or part of the amount
		of tax shown on the return, or the full
		amount of tax due for which no return is
		required to be filed, on or before the due
		date;
		d) Failure to pay the deficiency tax within the
		time prescribed for its payment in the
		notice of assessment.
		2. A surcharge of fifty percent (50%) of the basic
		tax or of the deficiency tax shall be imposed in
		case of willful neglect to file the return within
		the period prescribed by the Tax Code and/or
		by rules and regulations or in case of a false
		or fraudulent return is filed.
		3. Interest at the rate of twenty percent (20%) per
		annum on any unpaid amount of tax, from the
		date prescribed for the payment until it is fully
		paid.
		4. Compromise Penalty, pursuant to
		existing/applicable revenue issuances.

39	Aggregate Penalties	Indicate the aggregate penalties of taxpayer and
		spouse which is the sum of Items 38D and 38H.

40	Total Amount Payable/	Indicate the total amount payable/ (creditable/
40A/40B	(Creditable/Refundable)	refundable) which is the sum of Items 36A &
		38D/36B and 38H.

41	Aggregate Amount Payable/	Indicate the aggregate amount payable/
	(Creditable/Refundable)	(creditable /refundable) of taxpayer and spouse
		which is the sum of Items 40A and 40B.

42	Less: Portion of Tax Payable	Indicate the amount/ portion of tax payable
42A/42B	Allowed for 2nd Installment	allowed for 2nd installment payment to be paid on
	Payment to be paid on or before	or before July 15.
	July 15
		When the tax due is in excess of P 2,000.00, the
		taxpayer may elect to pay the tax in two (2) equal
		installments in which case, the first installment
		shall be paid at the time the return is filed and the
		second installment, on or before July 15 following
		the close of the calendar year.

43	Amount of Tax Required to be	Indicate the amount of tax required to be paid
43A/43B	Paid Upon Filing this Return	upon filing which is the difference between the
		total amount payable in Item 40 and portion of tax
		payable allowed for 2nd installment in Item 42.

44	Net aggregate amount of tax	Indicate the net aggregate amount of tax required
	required to be paid/ (creditable/	to be paid by taxpayer and spouse which is the
	refundable) upon filing of this	sum of Items 43A and 43B.

Page 7 of 22

	return.

	If overpayment , mark “X” one	An excess of the total tax credits/payments over
	circle only	the actual income tax due computed in the final
		adjusted return may be refunded or issued with
	O To be refunded	the Tax Credit Certificate to the taxpayer or
		credited against his/her estimated income tax
	O To be issued a Tax Credit	liabilities for the quarters of the succeeding
	Certificate (TCC)	taxable	years. The taxpayer shall exercise its
		option by marking with an “X” the appropriate
	O To be carried over as tax	circle.	Thus, once the taxpayer opted to carry-
	credit for next	over and apply the excess income tax against
	year/quarter	income tax due for the succeeding taxable year,
		no application for cash refund or issuance of a tax
		credit certificate shall be allowed. In case the
		taxpayer fails to signify his/her choice, the excess
		payment shall be automatically carried-over to the
		next taxable period.

	Part III Availment of Tax Income Incentives/Exemptions
45	Total Tax Relief/Savings	Indicate the amount of total tax relief by copying
		the amount in Item 98J/98K of Part VII

46	Aggregate Amount of Tax	Indicate the aggregate amount of tax
	Relief/Savings	relief/savings of taxpayer and spouse which is the
		sum of Items 45A and 45B.

Part IV Details of Payment

A– Drawee Bank/Agency Space to indicate the details of the payment and

	B – Number	the mode of payment (whether by cash/bank debit
	C – Date (MM/DD/YYYY)	memo, check, TDM, others) identifying the
	D – Amount	bank/agency; number, if any; date; and amount.
		Only the applicable spaces must be filled in.

47	Cash/Bank Debit Memo	For cash payment, indicate the amount in column
		46D and write “N/A” (Not Applicable) in columns
		A, B and C. For Bank Debit Memo (BDM), indicate
		the name of the bank, number, date of BDM and
		amount in the appropriate columns (A, B, C and
		D).

48	Check	Indicate the name of drawee bank, check number,
		date of check and amount in the appropriate
		columns (A, B, C and D).

49	Tax Debit Memo	Indicate the Tax Debit Memo (TDM) number, date
		and amount in the appropriate columns (A, B and
		C).
50	Others	Specify other modes of payment. Indicate “N/A” or
		fill in appropriate columns, if applicable.
		Ex. Special Allotment Release Order (SARO)
		Tax Subsidy Debit Memo (TSDM)
		Tax Remittance Advice (TRA)
		Tax Subsidy Availment Certificate (TSAC)
		Direct Crediting
		Page 8 of 22

		Receiving Portion				Space provided for		stamping and affixing		the
						initials of the revenue officer or bank teller, as
		Stamp of Receiving Office/AAB				the case maybe, evidencing the date of receipt				of
		and Date of Receipt				the return from the taxpayer/authorized
		(RO’s	Signature/Bank		Teller’s	representative.
		Initial)

	Part V Breakdown of Income (attach additional sheet/s, if necessary)
	This part shall be filled in first before filling in Part II (Items 31 to 44)
(NOTE: The tax shall be computed per tax regime per column of taxpayer and spouse.)
		A – Exempt; B – Special Rate; C – Regular/Normal Rate
51		Gross	Compensation		Income	Indicate the gross compensation income earned
		(from schedule 1)				during the calendar year. This can be taken from
						Item 75A and/or 75C of Part VI, Schedule 1.

52		Less: Non-Taxable/Exempt				Indicate	the	total	non-taxable/exempt
		Compensation				compensation such as, contributions to PAG-IBIG,
						PHILHEALTH, SSS, GSIS, Union dues and other
						non-taxable/exempt compensation as reflected in
						BIR Form No. 2316-Certificate of Compensation
						and Taxes Withheld issued by the employer/s.

53		Gross Taxable Compensation				The difference between Gross Compensation
		Income				Income (Item 51) and Non-Taxable/Exempt
						Compensation (Item 52).
						Taxpayer: 53A = 51A less 52A; Spouse: 53B =
						51B less 52B

54		Less Deductions				This refers to allowable deductions under the
						Code.

54A/B		Premium on Health and/or				Indicate the amount of actual health and/or
		Hospitalization Insurance (not to				hospitalization insurance premium but not to
		exceed P 2,400/year)				exceed P 2,400.00 Provided, that, the family gross
						income is P 250,000.00 or less in a taxable year.
						Provided, finally, that in case of married
						taxpayers, only the spouse claiming for additional
						exemption for dependents shall be entitled to this
						deduction.

54C/D		Personal		Exemption/Exemption		Indicate the amount of P 50,000.00 allowed for
		for Estate or Trust				each individual taxpayer, whether single or
						married. For Estate or Trust, the personal
						exemption is P 20,000.00.

54E/F		Additional		Exemptions		Indicate the amount claimed by individual,
						whether single or married, which shall be P
						25,000.00 for each qualified dependent child, not
						exceeding four (4). For example: with 1 qualified
						dependent child P 25,000.00; with 5 qualified
						dependent children, only P 100,000.00 is allowed
						(4 x P 25,000.00).

54G/H		Total Deductions				Write the Sum of Items 54A, C & E/54B, D & F.

Page 9 of 22

55	Total Compensation Income/			Indicate the amount which is Item 53A less 54G/
	(Excess of Deductions)			Item 53B less 54H.

56	Sales/Revenues/Receipts/Fees			Write the amount of Sales/Revenues/Receipts/
	(net of sales returns, allowances			Fees (net of sales returns, allowances and
	and discounts)			discounts) of the taxpayer/spouse during the
				taxable year from trade/business or practice of
				profession segregated into corresponding
				columns of exempt, special rate or regular rate.
				For example: BMBE–exempt, PEZA–special rate.

57	Add:	Other	Taxable/Exempt	Indicate the amount of other taxable/exempt
	Income	from	Operation, not	income from operation, which was not subjected
	subject to final tax			to final tax. For example: scrap sale.

58	Total			Indicate	the	amount	of	sales
	Sales/Revenues/Receipts/Fees			/receipts/revenues/fees and other taxable income
				which is the sum of Items 56A & 57M, 56B & 57N
				for exempt, 56C & 57O, 56D & 57P for special
				rate and 56E & 57Q, 56F & 57R for regular rate.

59	Less: Cost of Sales/Services			Indicate the amount of direct cost incurred in
				generating the sales from goods/services.

60	Net			Write the amount of net sales/revenues/
	Sales/Revenues/Receipts/Fees			receipts/fees which is Item 58A less 59A, 58B less
				59B for exempt, 58C less 59C, 58D less 59D for
				special rate and 58E less 59E, 58F less 59F for
				regular rate.

61	Add: Non-Operating Taxable			Indicate the amount of Non-operating Taxable
	Income			Income. For example: Interest income from
				advances to employees.

62	Gross Income			Write the amount of gross income which is the
				sum of Net sales/revenues/receipts/fees and non-
				operating taxable income (Item 60 plus Item 61).
				For ECOZONES
				Gross income shall refer to gross sales or gross
				revenue derived from registered business activity
				within the zone, net of sales discounts, sales
				returns and allowances minus cost of sales or
				direct costs but before any deductions for
				administrative,		marketing,	selling,	operating
				expenses or incidental losses during a given
				taxable period.
				For BCDA
				Gross income shall refer to gross sales or gross
				revenue derived from registered business activity
				within the zone, net of sales discounts, sales
				returns and allowances minus cost of sales or
				direct costs but before any deductions for
				administrative,		marketing,	selling,	operating
				expenses or	incidental losses during			a given

Page 10 of 22

				taxable period. For financial enterprises, gross
				income shall include interest income, gains from
				sales and other income net of costs of funds.

63	Less: Deductions			Refers to allowable deductions.

63A/B	Optional	Standard	Deduction	Indicate the amount of computed OSD if the
	(OSD)			option to use OSD is exercised.	The amount of
				OSD is forty percent (40%) of the Total
				Sales/Revenues/Receipts/fees (Item 58E/58F x
				40%). This type of deduction shall not be allowed
				for non-resident aliens engaged in trade or
				business. Once this option is availed of, the
	OR			taxpayer need not submit the Account Information
				Form (AIF)/ Financial Statements (FS).

63C/D/E/F/G/H	Regular Allowable Itemized			Indicate the amount of allowable expenses
	Deductions			incurred during the taxable year.	This is the total
				amount reflected in the Mandatory Attachment to
				BIR Form No. 1701.

63I/J/K/L/M/N	Special Allowable Itemized			Write the amount of allowable deductions
	Deductions			provided under existing regular and special laws,
63O/P/Q/R/S/T				rules and issuances such as but not limited to
	Description			Rooming-in and Breastfeeding Practices under
				RA 7600, Adopt-a-School Program under RA
	Legal Basis			8525, Expanded Senior Citizens Discount under
				RA 9994, and Free Legal Assistance under RA
				9999.

63U/V/W/X/Y/Z	Allowance for NOLCO			Write the amount of the applied portion of Net
	(from Item 83)			Operating Loss Carry Over (NOLCO) computed in
				Item 83 of Part VI, Schedule 2A.

63AA/AB/AC/	Total Allowable Itemized			Indicate the sum of the regular and special
AD/AE/AF	Deductions			allowable itemized deductions, and allowance for
				NOLCO (Sum of Items 63C, I, O & U/ 63D, J, P &
				V/ 63E, K, Q & W/ 63F, L, R & X/ 63G, N, S & Y/
				63H, N, T & Z).

64	Net Income			Indicate the amount of net income which is the
				difference between gross income and total
				deductions. (For taxpayers who opted to avail of
				OSD – Item 62E less 63A/ 62F less 63B). For
				taxpayers who opted for itemized deductions -
				Item 62A less 63AA/ 62B less 63AB/ 62C less
				63AC/ 62D less 63AD/ 62E less 63AE/ 62F less
				63AF.)

65	Less: Excess of Deductions over			Indicate the amount of excess of Deductions over
	Taxable	Compensation Income		Taxable Compensation Income (from Item
	(from Item 55A/55B) OR the			55A/55B) OR the Total Deductions (from Item
	Total Deductions		(from Item	54G/54H), if there is no Compensation Income.
	54G/54H), if there is no
	Compensation Income

Page 11 of 22

66	Taxable/Exempt	Business	Indicate the amount of Taxable/Exempt Business
	Income/ Income from Profession		Income/Income from profession which is Item 64
	(Item 64 less 65)		less Item 65.

67	Total Taxable Income (Sum of		Indicate the amount of Total Taxable Income
	Items 55 and 66)		which is the sum of Items 55 and 56. However, if
			Item 55 (Total Compensation Income/ (Excess of
			Deductions) shows negative amount, simply copy
			the amount in Item 66.

68	Applicable Tax Rate (i.e. special		For special rate, indicate special rate under
	rate/regular rate)		existing laws. For example: PEZA 5%
			For regular rate, indicate the applicable tax rate
			under Section 24 as shown below:
			If taxable income is:
			Not over P10,000 = 5%
			Over P10,000 but not over P30,000 = P500 + 10%
			in excess of P10,000
			Over P30,000 but not over P 70,000 = P2,500 +
			15% in excess of P30,000
			Over P70,000 but not over P140,000 = P8,500 +
			20% in excess of P70,000
			Over P140,000 but not over P250,000 = P22,500
			+ 25% in excess of P140,000
			Over P250,000 but not over P500,000 = P50,000
			+ 30% in excess of P250,000
			Over P 500,000 = p125,000 + 32% in excess of
			P500,000

69	Income Tax Due		Indicate the amount of tax due by multiplying the
			total taxable income (Item 67) by the applicable
			tax rate (Item 68).

70	Less: Share of Other Agencies		Indicate the portion of the income tax computed
			under the special rate due to the other agencies.
			For example: 2% share of LGU for PEZA
			enterprise.

71	Income Tax Due to National		Indicate the difference between the income tax
	Government under Special Rate		due (Item 69) and share of other agencies (Item
			70).

Part VI Schedule 1 Gross Compensation Income and Tax Withheld (attach additional sheet/s, if necessary)

72 to 74	Names of Employer/s	Write the name(s) of employer/s or employers if
		more than 1 during the taxable year.
A/B/C/D/E	Taxpayer Identification Numbers	Write the TIN(s) of employer or employers if more
	(TINs)	than 1 during the taxable year.
	Compensation Income -	Write the compensation income or compensation
	Taxpayer/Filer or Spouse	incomes of taxpayer/spouse, if more than 1
		employers during the year.

Page 12 of 22

	Tax Withheld – Taxpayer/Filer or	Write the tax withheld or taxes withheld of
	Spouse	taxpayer/spouse if more than 1 employers during
		the year.
75	Total Compensation Income/Tax	Sum of the compensation income(s)/tax/es
	Withheld	withheld of the taxpayer/spouse (Sum of Items 72
		to 74).

Schedule 2 Computation of Net Operating Loss Carry Over (NOLCO)
76	Gross Income	Copy the amount of gross income in Item 60

77	Less: Total Deductions Exclusive	Copy the amount of regular allowable itemized
	of NOLCO & Deductions under	deductions in Item 63E/F/G/H
	Special Laws

78	Net Operating Loss Carry Over	Indicate the difference between Item 76 and 77.

Schedule 2A Computation of Available Net Operating Loss Carry Over (NOLCO) (attached additional sheet/s, if necessary)

A schedule which is an integral part of the form detailing the computation of available NOLCO (applied and unapplied portion). Only net operating losses incurred by the qualified taxpayer may be carried over to the next three (3) immediately succeeding taxable years following the year of such loss.

79 to 82	Net Operating Loss	Indicate the year incurred in 79 to 82 and the
	Year Incurred	amount in 79A to 82A for net operating loss.
A/B/C/D/E	A - Amount
	Net Operating Loss Carry Over	Indicate the amount for net operating loss carry
	B - Applied Previous Year	over applied for the previous year (Items 79B to
	C - Applied Current Year	82B), applied for the current year (Items 79C to
	D - Expired	82C) and the expired portion (Items 79D to 82D).
	E - Net Operating Loss	Indicate the unapplied amount of net operating
	(Unapplied)	loss (Items 79E to 82E).
	Total(Sum of Items 79C, 80C,	Write the sum of available net operating loss carry
83	81C & 82C)	over applied to the current year (Sum of Items
	(to Item 63W/X/Y/Z)	79C, 80C, 81C & 82C)

Schedule 3 Reconciliation of Net Income per Books Against Taxable Income (attached additional sheet/s, if necessary)

84	Net Income/(Loss) per Books	Net Income(Loss) before Income Tax

85	Add: Other Taxable Income/Non-	Indicate the amount of Non-operating Taxable
	deductible Expenses	Income. For example: Interest income from
		advances to employees.
		Indicate the amount of non-deductible expenses.
		Example: Depreciation Expense arising from
		increase in valuation as a result of appraisal.
		Write the total amount of all non-deductible
		expenses and taxable other income under the
		appropriate column whether at the regular or
		special rate columns.

Page 13 of 22

		For taxpayer subject to regular rate, fill up the
		regular/normal rate column with the non-
		deductible expenses such as: allowance for bad
		debts not actually written off, amortization and
		others which are not deductible for taxation
		purposes. Also, add other taxable income such
		as: recovery of bad debts previously written off,
		adjustment to retained earnings, and other
		adjustments that are considered as income for tax
		purposes.
		For taxpayer subject to special rate, fill up the
		special rate column with the non-deductible
		expenses for tax purposes such as:
		administrative, marketing, selling,	operating
		expenses or incidental losses during a given
		taxable period. Further, all other items considered
		as income for tax purposes should be added-
		back.

86	Total	Item 84 less item 85= Item 86

87	Less: Total Non-taxable Income	Example of non-taxable income:	Retirement
	and Income Subjected to Final	benefits pursuant to Section 32(B)(6)(a). Example
	Tax	of income already subjected to final tax: Interest
		income from bank deposit wherein the 20% final
		tax was withheld by the bank.

88	Special Deductions	Write the amount of special deductions such as
		deductions under the Adopt-a-School Program,
		free legal assistance, senior citizens discounts,
		etc.
		Indicate the sum of 63K & Q, 63L & R, 63M & S
		and/or 63N & T in the corresponding column of tax
		regime.

89	Total	Sum of Items 87 and 88.

90	Net Income	Indicate the resulting difference of the Total
		Income and Total Deductions (Item 86A less
		89A/86B less 89B/86C less 89C/86D less 89D).
		This should equal the amount reflected as Net
		Income from Item 64C & 64D/64E & 64F.

Part VII Details of Income Tax Incentives/Exemptions (attach additional sheet/s, if necessary)

91A to 97A	Certificate of Registration/BIR	Write the registered activity/program as shown in
	Ruling/MOA/Others	the registration certificate issued by the concerned
		IPA which granted the exemption/incentive/
		preferential tax rate, for example Board of
		Investment (BOI), Philippine Economic Zone
		Authority (PEZA), Subic Bay Metropolitan
		Authority (SBMA), Cooperative Development
		Authority (CDA), Department of Foreign Affairs,
		etc. Indicate the registration number, if applicable.

Page 14 of 22

91B to 97B	Legal Basis (Special Law/ R.A.			Write the specific special law, international
	No.)			agreement or treaty which is the legal basis for the
				grant of the tax exemption/ incentive/preferential
				tax rate. For example, EO 226 – Omnibus
				Investment Code, RA 7196 - PEZA Law, in the
				case of regular/normal rate (special tax relief) RA
				8525– Adopt-a-School Program or RA 9257
				Senior Citizens Act, etc.
	Effectivity	Date of	Incentive
	Exemption
91C to 97C
	From (MM/DD/YYYY)			Indicate the start date of the effectivity on the
				grant of tax exemption/incentive/preferential tax
				rate as shown in the certificate of registration
				issued by the concerned IPA by writing the month,
				day and year. For example: May 1, 2011 as the
				start date, write 05 01 2011.
91D to 97D
	To (MM/DD/YYYY)			Indicate the end date of the effectivity on the grant
				of tax exemption/incentive/preferential tax rate as
				shown in the certificate of registration issued by
				the concerned IPA by writing the month, day and
				year. For example: April 30, 2014 as the end
				date, write 04 30 2014.
91E to 97E
	Nature and Extent of Incentive/			For example: ITH
	Exemption
	Amount of Income Tax Payable			Indicate the regular income tax otherwise due by
91F to 97F	under Regular Rate			first getting the sum of special allowable itemized
91G to 97G	Taxpayer/Filer			deductions in Items 63I to 63T and the net taxable
	Spouse			income in Item 67, then multiply by the applicable
				tax rate (refer to tax table).
91H to 97H	Amount of Actual Income Tax			Copy the computed income tax due in Item 69.
91I to 97I	Paid
	Taxpayer/Filer
	Spouse
91J to 97J	Amount of Tax Relief/Savings			Difference between column F and column
91K to 97K	Taxpayer			H/column G and column I.
	Spouse
98	Total			Sum of Items 91J to 97J/91K to 97K which shall
				be forwarded to item 45

	Part VIII – For Estate and Trust			(Engaged in Trade and Business)
Payments to Heirs/Beneficiaries (attached additional sheet/s, if necessary)
99 to 101	Name			Indicate the Name/s of Heir/s or Beneficiary/ies.

99A to 101A	Taxpayer	Identification	Number	Indicate the TIN/s of Heir/s or Beneficiary/ies.
	(TIN)

99B to 101B

Amount

Write the amount of income payment/s to heir/s or

Page 15 of 22

				beneficiary/ies.
99C to 101C	Tax Withheld			Write the amount of tax/es withheld from the
				income payment/s to heir/s or beneficiary/ies.

102	Total	Payment	to	Write the total income payment/s to the heir/s of
	Heirs/Beneficiaries			the estate or to the beneficiaries of the trust. (Sum
				of Items 99B to 101B)

Jurat Clause

I declare under the penalties of perjury, that this annual return has been made in good faith, verified by me, and to the best of my knowledge and belief, is true and correct, pursuant to the provisions of the National Internal Revenue Code, as amended, and the regulations issued under authority thereof.

103	Name of the Taxpayer/		Portion requiring the signature of the taxpayer or
	Authorized	Representative/	any person	filing on his/her/its				behalf such as
	Accredited Tax Agent		his/her/its		authorized		representative		or
			accredited	tax agent		(ATA)		attesting to	the
			truthfulness	and	correctness		of	the information
			contained in the		return.
	Position and TIN of Authorized		In case the return is filed by an authorized
	Representative/ATA		representative, the TIN of the authorized
			representative must be indicated and an
			authorization letter from the taxpayer must be
			attached.
	Tax Agent	Accreditation No./	All returns filed by an accredited tax agent on
	Atty’s Roll No. (if applicable)		behalf of a taxpayer shall bear the following
	Issue Date		information:
	Date of Expiry		A. For CPAs and others (individual practitioners
			and members of GPPs):
			a.1 TIN; and
			a.2 Certificate of Accreditation Number, Date
			of Issuance, and Date of Expiry (which is
			within three [3] years from date of expiry).
			B. For members of the Philippine Bar (individual
			practitioners and members of GPPs);
			a.1 TIN; and
			a.2 Attorney’s Roll Number or Accreditation
			Number, if any.

104 to 107	Community Tax Certificate No.		Space to indicate the details of the Community
	Place of Issue		Tax Certificate issued by the Local Government
	Date of Issue		Unit.
	Amount

Part IX Supplemental Information (attached additional sheet/s, if necessary)
Gross Income/Receipts Subjected to Final Withholding
108	Interest		Refers to interest from any currency bank deposit and
			yield or any monetary benefit from deposit substitute
			and from trust funds and similar arrangements.
108A/108D	Actual Amount		Write the actual amount of interest income.
108B/108E	Final Tax Withheld/Paid		Write the final tax withheld/paid.

Page 16 of 22

108C/108F	Exempt			Write the amount of exempt interest income which is
				the interest income from long-term deposit substitutes
				or investment in the form of savings, common or
				individual trust funds, deposit substitutes, investment
				management accounts and other investments
				evidenced by certificates prescribed by the BSP.

109	Royalties			Refers to royalties, except on books, as well as other
				literary works and musical composition.
109A/109C	Actual	Amount/Fair	Market	Write the actual amount of royalty income.
	Value/Net Capital Gains
109B/109D	Final Tax Withheld/Paid			Write the amount of tax withheld/paid

110	Dividends			Refers to Cash and/or Property Dividends actually or
				constructively received by an individual from a
				domestic corporation or from a joint stock company,
				insurance or mutual fund companies and regional
				operating headquarters of multinational companies, or
				on the share of an individual in the distributable net
				income after tax of a partnership (except GPP) of which
				he is a partner, or on the share of an individual in the
				net income after tax of an association, a joint account,
				or joint venture or consortium taxable as a corporation
				of which he is a member or co-venturer.
110A/110C	Actual	Amount/Fair	Market	Indicate the actual amount of Cash Dividends or Fair
	Value/Net Capital Gains			Market Value of Property Dividends.
110B/110D	Final Tax Withheld/Paid			Indicate the amount of final tax withheld/paid based on
				zonal valuation of real property or FMV if goods or
				inventory.

111	Prizes and Winnings			Refers to prizes [except P10,000 or less which is
				subject to the progressive rates under Section 24(A)(1)]
				and winnings (except Philippine Charity Sweepstake
				and Lotto winnings) received by an individual.
111A/111C	Actual	Amount/Fair Market	Value/	Indicate the actual amount of prizes or winnings, if the
	Net Capital Gains			prize is cash or fair market value, if the prize is a real
				property like car or personal property like goods.
111B/111D	Final Tax Withheld/Paid			Indicate the amount of final tax withheld/paid based on
				zonal valuation of real property or FMV if goods or
				inventory.

112	Fringe Benefits			Refers to any good, service or other benefit furnished
				or granted in cash or in kind by an employer to an
				individual employee (except rank-and-file employees).
112A/112C	Actual	Amount/Fair Market	Value/	Indicate the actual amount of the fringe benefit, if the
	Net Capital Gains			benefit is in cash or FMV of the fringe benefit, if the
				benefit is a real property like car or personal property
				like goods.
112B/112D	Final Tax Withheld/Paid			Indicate the amount of final tax withheld based on
				zonal valuation of real property or FMV if goods or
				inventory. The formula of computing the final tax of
				Fringe Benefits Tax (FBT): Actual monetary value of
				expense account of P50,000.00 received by the CEO

Page 17 of 22

								of the corporation, is to be divided by 68% to be
								multiplied by 32% in order to arrive to the Gross-up
								Monetary Value of the fringe benefit.

113	Compensation			Subject	to	15%		Refers to Filipinos employed by Regional Operating
	Preferential Rate							Headquarters or Regional/Area Headquarters in a
								managerial or technical position receiving an annual
								gross taxable compensation of at least P975,000.00.
113A/113C	Actual	Amount/Fair Market				Value/		Indicate the actual amount of the gross compensation
	Net Capital Gains							income (whether or not this actually received).
							–	.
113B/113D	Final	Tax		Withheld/Paid			–	Indicate the amount of final tax withheld/paid on
	Taxpayer/Filer							compensation income.

114	Sale/Exchange of Real Properties							Refers to the sale, exchange, or other disposition of
								real property located in the Philippines, classified as
								capital assets, including pacto de retro sales and other
								forms of conditional sales, by individuals, including
								estates and trusts.
114A/114H	Description of Property							Indicate whether the property is a land, building and
								improvement, condominium.
114B/114I	OCT/TCT/CCT/Tax				Declaration			Indicate the OCT or TCT or CCT or the tax declaration
	Number							number of the property issued by the city or municipal
								assessor.
114C/114J	Certificate		Authorizing		Registration			Indicate the CAR number issued by the BIR who has
	(CAR) Number							jurisdiction over the real property sold/transferred.
								.
114D/114K	Actual		Amount/Fair			Market		Indicate the amount which is either the selling price or
114F/114M	Value/Net Capital Gains							the current fair market value as determined in
								accordance with Section (6) of the tax code, whichever
								is higher.
114E/114L	Final Tax Withheld/Paid							Indicate the amount of final tax withheld/paid (6%
114G/114N								capital gains tax based on the selling price or the zonal
								value whichever is higher).

115	Sale/Exchange of Shares of Stocks							Refers to the net capital gains realized during the
								taxable year from the sale, barter, exchange or other
								disposition of shares of stock in a domestic corporation,
								except shares sold, or disposed of through the PSE.
115A/115J	Kind of Stocks							Indicate whether it is a common or preferred or
								treasury stock.
115B/115K	Stock Certificate Series Number							Indicate the Stock Certificate Series.
115C/115L	Certificate		Authorizing		Registration			Indicate the CAR number issued by the BIR who has
	(CAR) Number							jurisdiction over the seller of the stock certificate.
115D/115M	Number of Shares							Indicate the number of Shares sold by a corporation.
115E/115N	Date of Issue (MM/DD/YYYY)							Indicate the date of the issuance of the shares of stock
								sold by a corporation.
115F/115O	Actual		Amount/Fair			Market		Indicate the actual amount of cash paid by the buyer
115H/115Q	Value/Net Capital Gains							while the FMV is the book value of the shares of stock

Page 18 of 22

					at the time of sale using the latest FS of the
					corporation.
115G/115P	Final Tax Withheld/Paid				Indicate the amount of final tax withheld/paid.
115I/115R
116	Other Income Subject to Final Tax				Refers to the income that cannot be classified as
	Under Sec. 57(A) of the Tax Code,				cash/property dividend, interest on deposit substitute,
	as amended (specify)				royalty, prize or winning that fall as Other Income
					subject to Final Tax under Section 57(A). Example:
					Director’s Fee.
116A	Description				Indicate the nature of income.
116B116D	Actual	Amount/Fair		Market	Indicate the actual amount of the income received.
	Value/Net Capital Gains
116C/116E	Final Tax Withheld/Paid				Indicate the final tax withheld/paid.

117	Total Final Tax Withheld/Paid				Write the total final tax withheld/paid by adding Items
					108B-113B, 114E, 114L, 115G, 115P and 116C/ 108E,
117A	Taxpayer/Filer				109D-113D, 114G, 114N, 115I, 115R and 116E.
117B	Spouse

Gross Income/Receipts Exempt from Income Tax
118	Proceeds of Life Insurance Policy				Refers to the proceeds of life insurance policies paid to
					the heirs or beneficiaries upon the death of the insured,
					whether in a single sum or otherwise.
	Actual Amount/Fair Market Value
	Taxpayer/Filer
	Spouse				Indicate the actual amount received, as legal heirs or
118A					beneficiaries, from the Insurance Company based on
118B					the Life Insurance

119	Return of Premium				Refers to the amount received by the insured, as a
					return premiums paid by him under life insurance,
					endowment, or annuity contracts, either during the term
					or at the maturity of the term mentioned in the contract
					or upon surrender of the contract.
119A	Actual Amount/Fair Market Value				Indicate the actual amount received as a return of
119B	Taxpayer/Filer				premium paid under the life insurance.
	Spouse

120	Retirement		Benefits,	Pensions,	Refers to the retirement benefits received under RA
	Gratuities, etc.				7641 or from the reasonable private benefit plan
					maintained by the employer; any amount received from
					the employer as a consequence of separation from the
					service because of death, sickness or other physical
					disability or for any cause beyond the control of the
					official/employee; benefits received from SSS or GSIS;
					benefits due or to become due to any person residing
					in the Philippines under the laws of the United States
					administered by the US Veterans Administration.
	Actual Amount/Fair Market Value				Indicate the actual amount received from retirement
120A	Taxpayer/Filer				benefits, pension and gratuities.
120B	Spouse

121	Personal/Real		Properties	Received	Refers to the property acquired by gift, bequest, devise,
	thru Gifts, Bequests, and Devises				or descent.

Page 19 of 22

121A	Description of Property	Indicate whether the property is a land, building and
		improvement, condominium, car or cash
121B	Mode of Transfer	Indicate the mode of transfer either through donation or
		inheritance.
121C	Certificate Authorizing Registration	Indicate the CAR number issued by the BIR who has
	(CAR) Number	jurisdiction over the real/personal property.
	Actual Amount/Fair Market Value	Indicate the actual amount received by the donee in the
121D	Taxpayer/Filer	case of gift and legal heirs in cases of bequests and
121E	Spouse	devises, or the FMV/ book value of the shares of stock
		at the time of donation using the latest FS of the
		corporation or the zonal valuation of the real property at
		the time of donation or death of the decedent in case of
		bequests and devises.

122	Other Exempt Income/Receipts	Refers to exclusion from Gross Income pursuant to
	Under Sec. 32 (B) of the Tax Code,	Section 32(B). They are compensation or injuries,
	as amended (specify)	income exempt under Treaty like the salary of a Filipino
		working in a foreign embassy based in the country.
122A	Description	Indicate the nature of exempt income/receipts.
	Actual Amount/Fair Market Value	Indicate the amount of income exempt under Treaty
122B	Taxpayer/Filer	like the salary of a Filipino working in a foreign
122C	Spouse	embassy based in the country.

123	Total Income/Receipts Exempt from	Write the Total Income/Receipts Exempt from Income
	Income Tax	by adding Items 118A-120A, 121D and 122B/ 118B-
		120B, 121E and 122C).
123A	Taxpayer/Filer
123B	Spouse

(A) Attachments.

(1)Duly accomplished Account Information Form if the taxpayer’s quarterly gross sales/ earnings/receipts do not exceed P150,000.00;

(2) Certificate of independent CPA and audited financial statements if the taxpayer’s quarterly gross sales/receipts/earnings exceed P 150,000.00;

(3)Certificate of Income Tax Withheld on Compensation (BIR Form No. 2316);

(4)Certificate of Income Payments not Subjected to Withholding Tax (BIR Form No. 2304);

(5)Certificate of Creditable Tax Withheld at Source (BIR Form No. 2307) issued by the income payor/s, on which basis the SAWT has been prepared;

(6)Duly approved Tax Debit Memo (TDM) issued by the Bureau to be used for the payment of the tax due, if applicable;

(7)Waiver of husband’s right in favor of wife to claim additional exemptions, if applicable;

(8)Proof of prior year’s excess credits, if applicable;

Page 20 of 22

(9)Proof of foreign tax credits, if applicable;

(10)Proof of payment and copy of previously filed return, if the return being accomplished is an amended return;

(11)Authorization letter, in case the return is filed and signed by a representative on behalf of the taxpayer;

(12)Proof of other payments/credits Waiver of husband in favor of wife to file consolidated income tax return;

(13)Proof of tax payments in the first three (3) quarters;

(14)Summary Alphalist Withholding Agents of Income Payments Subjected to Withholding Tax (SAWT) - A summary list required to be submitted by the taxpayer in cases


where	tax credit is being claimed on the return. This summary			list contains among
others,	total	amounts of income/gross sales/gross receipts	and claimed tax credits
taken from all the Certificates of Creditable Withholding Tax at Source (BIR					Form No.
2307)	issued	by the payors/withholding agents of the income.	This summary		list must
contain	all the	information required and must be submitted in the		format prescribed by

Revenue Regulations No. 2-2006 and Revenue Memorandum Circular No. 3-2006;

(15)Statement of Management’s Responsibility (SMR) for Annual Income Tax Return;

(16)Photocopy of the Tax Credit Certificate against which the TDM is drawn, if applicable;

(17)Schedules of the following which must be part of the notes to the audited Financial Statements:

(a)Sales /Receipts /Fees

	Nature of Sales	Amount
	Sales from Goods/Properties	Pxxxx
	Sales from Services	Xxxx
	Lease from Properties	Xxxx
	Fees from GPPs	Xxxx
	Gross Sales/Receipts/Fees	Pxxx
	Less : Sales returns and discounts	(xxx)
	Sales/Receipts/Fees	Pxxxx
(b) Other Taxable Income

	Nature of Non-operating other taxable	Amount
	income
	Xxxx	Pxxxx
		Xxxx
		Xxxx
		Xxxx
	Total Other Taxable Income	Pxxx

Page 21 of 22

( c) Cost of Sales (Trading/Manufacturing)

							Amount
	Beginning Inventory,						Pxxxx
	Add : Purchases of Goods						Xxxx
	Merchandise Available for Sale						PXxxx
	Less : Ending Inventory						(Xxxx)
	Cost of	Sales					Pxxx
(d) Cost		of Services

							Amount
	Direct	charges on		salaries,	wages	and
	benefits						Pxxx
	Direct	charges	on	materials,	supplies,
	facilities						Xxx
	Direct	charges, on depreciation					Xxx
	Direct	charges	on rental				Xx
	Direct charges		on outside services				Xx
	Direct charges – others						Xx
	Cost of	Services					Pxxxx
( e) Schedule of Taxes and Licenses

	Nature of Taxes and Licenses						Amount
	xxxx						Pxxxx
							xxx
							xxx
							xxx
	Total Taxes and Licenses						Pxxxx

( f) Other information prescribed to be disclosed in the Notes to FS.

(B)Deadline for Submission of Attachments. –

(1)	Non-EFPS Taxpayers. - For Non-EFPS taxpayers, these			must submitted at the same
	time the return is filed.
(2)	EFPS Taxpayers. - In the case of those EFPS taxpayers, these attachments must be
	submitted within fifteen (15) days from the filing of the return. Schedules 15 (a) to (e)
	shall be submitted	using the e-submission facility of		the Bureau. For those	other
	attachments required	to be physically	submitted , the same shall be submitted		with
	the printed copy of the e-filed return		together with the Filing Reference Number in
	accordance with Revenue Memorandum Order No. 10-06.

(C) Penalty of Incomplete Submission of Attachments - Failure to submit any of the attachments applicable to the taxpayer shall be imposed with a penalty in the amount/s provided for under the existing revenue issuances for each such failure provided that such failures during the calendar year shall not exceed P25,000 pursuant to Section 250 of the Code, as amended.

Page 22 of 22

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Tips on how to fill in annual income tax return form stage 1

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annual income tax return form completion process outlined (portion 2)

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Part # 3 for filling in annual income tax return form

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there, Page of , and Line of Business of annual income tax return form

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annual income tax return form completion process shown (part 5)

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