Bit Form 1702 PDF Details

The BIR Form No. 1702 - RT, known as the Annual Income Tax Return, is a comprehensive document used by taxpayers to declare their annual income. It is designed for entities to accurately report earnings, deductions, and tax liabilities to the Bureau of Internal Revenue. The process of filing this form begins with the creation of a User Profile on the Offline eBIRForms Profile Page, requiring details such as the Tax Identification Number (TIN) and the relevant RDO Code. Users must then input specific information like the Line of Business, as indicated on their Certificate of Registration, in addition to their Registered Name, Address, and Contact Number. The form encompasses a wide array of fields including but not limited to, the fiscal year of the tax return, type of return (amended or short period return), Alphanumeric Tax Code (ATC), PSIC Code, method of deductions, and details regarding any overpayment. Additionally, it covers details of payment, computation of tax adding penalties if applicable, tax relief availments, as well as sales/revenues/receipts/fees and cost of sales. This structured approach ensures a detailed and organized tax filing process, allowing for a clear presentation of the taxpayer's financial activities over the year.

QuestionAnswer
Form NameBit Form 1702
Form Length12 pages
Fillable?No
Fillable fields0
Avg. time to fill out3 min
Other namesoffline ebirforms package v7 6 download, bir forms offline, ebir offline application, how to fill up bir form 1701 offline

Form Preview Example

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

Before an Offline eBIR Form can be filled up, User has to create a User Profile.

1)User can proceed to the Offline eBIRForms Profile Page.

2)Upon display of Profile Page, type in the 9 digits series Tax Identification Number (TIN) on the boxes provided.

3)Find the appropriate RDO Code from the RDO Code dropdown list.

4)Click the selected code to allow system to include it in information file.

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

5)Type in the specific Line of Business based on the Certificate of Registration (BIR Form 2303)

6)Enter Registered Name

7)Type in the Registered Address, Zip Code and Contact Number.

8)On the eBIRForms screen, proceed to List of BIR Forms row.

9)From the List of BIR Forms row, find the appropriate form to use

10)Click on the preferred form to use

11)When the chosen form appears on the list box, click the Fill-up button to enable full-image display of the form.

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

12)System will now display full image of the chosen BIR form.

13)In filling up the whole form, proceed to Field No. 1 to click the appropriate year for the tax return

14)Go to Field No. 2 and fill up specific Month and Year Ended

15)Go to Field No. 3 and check if form to file is Amended Return or not

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

16)Proceed to Field No. 4 to select if form to file is Short Period Return or not

17)Go to Field No. 5 to determine specific type of Alphanumeric Tax Code (ATC)

18)Proceed to Field No. 14 and type in the PSIC Code, refer to your Certificate of Registration (BIR Form 2303) or www.bir.gov.ph

19)For Field No. 15, check appropriate box for Method of Deductions

20)If there is an Overpayment, proceed to Field No. 21 and check appropriate box for action to be done for the overpayment

21)Provide the necessary details to validate identity of Tax Filer on Field Nos. 22 to 25

22)Enter necessary Details of Payment on Field Nos. 26 to 29

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

23)Click the Next button to proceed to adjoining page

24)Proceed to Field Nos. 47 to 49 of the Part IV Computation of Tax – Add Penalties and fill out details, if applicable

25)Fill out details Field Nos. 55 to 61 for Part V Tax Relief Availment, if applicable

26)Click the Next button to proceed to adjoining page

27)Fill out details on Schedule 1 – Sales/Revenues/Receipts/Fees, if applicable

28) Fill out details on Schedule 2 – Cost of Sales, if applicable

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

29)Click the Next button to proceed to adjoining page

30)Fill out details on Schedule 3 – Other Taxable Income not Subjected to Final Tax, if applicable

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

31)Fill out details on Schedule 4 – Ordinary Allowable Itemized Deductions, if applicable

32)Click the Next button to proceed to adjoining page

33)Fill out details on Schedule 5 – Special Allowable Itemized Deductions, if applicable

34)Fill out details on Schedule 6 – Computation of Available Net Operating Loss Carry Over (NOLCO), if applicable

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

35)Click the Next button to proceed to adjoining page

36)Fill out details on Schedule 7 – Tax Credits/Payments, if applicable

37)Fill out details on Schedule 8 – Computation of Minimum Corporate Income Tax (MCIT), if applicable

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

38)Fill out details on Schedule 9 – Reconciliation of Net Income per Books against Taxable Income

39) Click the Next button to proceed to adjoining page

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

40)Fill out details on Schedule 10 – Balance Sheet

41)Fill out details on Schedule 11 – Stockholders/Members Information

42) Click the Next button to proceed to adjoining page

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

43)Fill out details on Schedule 12 – Supplemental Information, if applicable

44)Fill out details on Schedule 13 – Gross Income/Receipts Exempt from Income Tax, if applicable

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BIR Form No. 1702 - RT (Annual Income Tax Return)

 

45) When filling up of document has been completed, click the Validate

button to allow system to determine if there are fields which have been overlooked and not filled properly

46)Once validation has been completed, click the Edit button to go over each field to check for correctness of data typed in.

47)After editing, User can let the files typed in be stored into the system by

clicking the Save button

48)System will show a message stating that all information typed in the fields have been successfully saved.

49)Click the OK button to acknowledge receipt of the message.

50)User can submit online the duly filled up document by clicking the Submit

button. NOTE: This functionality shall be available on the next release.

51)If User wishes to have a copy of the duly filled form, the Print button to enable printing of a specific page.