Bit Form 1702, officially titled the Annual Income Tax Return, is issued by the Bureau of Internal Revenue (BIR) in the Philippines. Individual taxpayers, corporations, and partnerships use this form to declare income, claim deductions, and compute their tax liability for the year. The form comes in two main variants: Form 1702-RT for those filing under the regular tax regime, and Form 1702-MX for taxpayers with mixed income from both compensation and trade or professional sources.
The filing process starts with creating a User Profile in the Offline eBIRForms system, where the taxpayer enters their Tax Identification Number (TIN), Registered Name, and RDO Code. From there, users fill in the fiscal year, Alphanumeric Tax Code (ATC), method of deductions, and details of any overpayment. The form also requires data on sales, revenues, receipts, and cost of sales. Taxpayers who need to file quarterly returns should review Form 1701Q, while those paying registration fees can refer to Form 0605.
| 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 |