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.
| Question | Answer |
|---|---|
| Form Name | Bit Form 1702 |
| Form Length | 12 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 3 min |
| Other names | offline ebirforms package v7 6 download, bir forms offline, ebir offline application, how to fill up bir form 1701 offline |
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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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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
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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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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) |
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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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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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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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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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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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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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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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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.