Professional Documents
Culture Documents
29 Aggregate Income Tax Due (Sum of Items 28C and 28D) ………………………………….. 29
30 Less: Tax Credits/Payments
30A Prior Year's Excess Credits other than MCIT ..........................................................................................................30A
30B Tax Payments for the First Three Quarters……………………………………………..………………………………. 30B
30C Creditable Tax Withheld for the First Three Quarters ……………………..……………………………………….. 30C
30D Creditable Tax Withheld Per BIR Form No. 2307 for the Fourth Quarter …. ……...………. 30D
30E Foreign Tax Credits, if applicable..................................................…..……………………… 30E
30F Tax Paid in Return Previously Filed, if this is an Amended Return............………...………. 30F
30G Others, please specify______________________________________……………............. 30G
30H Total Tax Credits/Payments (Sum of Items 30A to 30G)…………………………….....……… 30H
31 Tax Payable/(Overpayment)(Item 29 less Item 30H)......................................…………………………… 31
32 Add: Penalties
Surcharge Interest Compromise
32A 32B 32C 32D
33 Total Amount Payable/(Overpayment) (Sum of Items 31 & 32D)........................................……….………… 33
If overpayment, mark one box only: (once the choice is made, the same is irrevocable)
To be refunded To be issued a Tax Credit Certificate To be carried over as tax credit next year/quarter
Part III D e t a i l s of P a y m e n t Stamp of Receiving Office/
Drawee Bank Date AAB and Date of Receipt
Particulars Amount (RO's Signature/
34 Cash/Bank 34A Bank Teller's Initial)
Debit Memo 34B 34C 34D
Machine Validation/Revenue Official Receipt Details (If not filed with the bank)
\mariam
BIR FORM 1702 (ENCS) - PAGE 2
Section A Gross Income (Attach additional sheet/s, if necessary)
Schedule 1 Schedule of Sales/Revenues/Receipts/Fees
Special Rate Regular Rate
Creditable Tax Withheld Taxable Amount Creditable Tax Withheld Taxable Amount
38 Sale of Goods/Properties
39 Sale of Services
40 Lease of Properties
41 Total
42 Less: Sales Returns/Discounts
43 Net Sales/Revenues/Receipts/Fees (to Item 17)
63 Gross Income
64 Less: Total Deductions exclusive of NOLCO & Deductions under Special Laws
65 Net Operating Loss Carry Over (to Schedule 5B)
Schedule 5B Computation of Available Net Operating Loss Carry Over (NOLCO) (Attach additional sheet/s, if necessary)
Net Operating Loss Net Operating Loss Carry Over Net Operating
Year Applied Applied Loss
Amount Expired
Incurred Previous Year Current Year (Unapplied)
66
67
68
69
70 Total (To Item 118)
Section C Computation of Excess Minimum Corporate Income Tax (MCIT) of Previous Year
Normal Income Tax Excess of MCIT over Excess MCIT applied Balance MCIT Expired Portion
Year as adjusted MCIT Normal Income Tax this Year still allowable of Excess MCIT
as adjusted as Tax Credit
74
75
76
77
BIR FORM 1702 (ENCS) - P
Section D Deduction
Schedule 6 Computation of Optional Standard Deduction
Amount under EXEMPT Amount under Special Rate Amount under Regula
78 Gross Income from Operation (from Item 19)
79 Non-Operating and Taxable Other Income (from Item 20/Sch. 4)
80 Total
81 40% Optional Standard Deduction (to Item 22A, B & C)
101 Insurance
102 Representation and Entertainment
103 Transportation and Travel
104 Fuel and Oil
105 Communication, Light and Water
106 Taxes and Licenses
107 Losses
108 Bad Debts
109 Depreciation
110 Amortization of Intangibles
111 Depletion
112 Charitable Contributions
113 Amortization of Pension Trust Contribution
114 Miscellaneous
115 Others: (attach add'l
116 sheet/s, if necessary)
Section E Reconciliation of Net Income Per Books Against Taxable Income (Attach additional sheets if necessary)
We declare, under the penalties of perjury, that this return has been made in good faith, verified by us, and to the best of our 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.
127 128
Tax Agent Acc. No./Atty's Roll No. (if applicable) Date of Issuance Date of Expiry TIN of Signatory
Date Issued
Community Tax Certificate Number Place of Issue Amount
MM DD YYYY
TAXABLE
Regular Rate
l sheets if necessary)
Regular Rate
rer/Asst. Treasurer
e over Printed Name)
osition of Signatory
N of Signatory
Amount
BIR FORM 1702 (ENCS) - P
ATC Description Tax Rate Tax Base ATC Description Tax Rate Tax Base
DOMESTIC CORPORATION
IC 010 1. In General IC 020 6. Taxable Partnership
a. January 1- October 31, 2005 32% a. January 1 - October 31, 2005 32%
November 1, 2005 - December 31, 2008 35% Taxable Income from All Sources November 1, 2005 - December 31, 2008 35% On Taxable Income from All Source
January 1, 2009 30% January 1, 2009 30%
IC 055 b. Minimum Corporate Income Tax 2% Gross Income IC 055 b. Minimum Corporate Income Tax 2% On
7. Exempt Corporation
IC 030 2. Proprietary Educational Institutions 10% On Taxable Income from All sources
IC 011 a. On Exempt Activities 0%
a. Proprietary Educational Institution whose IC 010 b. On Taxable Activities *same rate On Taxable Income from all sources
gross income from unrelated trade,business as in 1a
or other activity exceeds fifty percent (50%) of IC 021 8. General Professional Partnership exempt
the total gross income from all sources. 9. Corporation covered by Special Law*
January 1- October 31, 2005 32%
November 1, 2005 - December 31, 2008 35% Taxable Income from All Sources RESIDENT FOREIGN CORPORATION
January 1, 2009 30% IC 070 1. In General
a. January 1 - October 31, 2005 32% On Taxable
IC 055 b. Minimum Corporate Income Tax 2% Gross Income November 1, 2005 - December 31, 2008 35% Income from within the Philippine
IC 031 3. Non Stock-Non Profit Hospitals 10% On Taxable Income from All sources January 1, 2009 30%
IC 055 b. Minimum Corporate Income Tax 2% On Gross Income
a. Non Stock-Non Profit Hospitals whose IC 080 2. International Carriers 2.5% Gross Philippine Billing
gross income from unrelated trade,business IC 101 3. Regional Operating Headquarters* 10% On Taxable Income
or other activity exceeds fifty percent (50%) of 4. Corporation covered by Special Law*
the total gross income from all sources. IC 190 5. Offshore Banking 10% On Gross Taxable Income on
January 1- October 31, 2005 32% Units (OBU's) Foreign Currency Transaction
November 1, 2005 - December 31, 2008 35% Taxable Income from All Sources not subjected to Final Tax
January 1, 2009 30%
a. January 1 - October 31, 2005 32% On Taxable Income
IC 055 b. Minimum Corporate Income Tax 2% Gross Income November 1, 2005 - December 31, 2008 35% Other Than Foreign
IC 040 4. GOCC, Agencies & Instrumentalities January 1, 2009 30% Currency Transaction
a. January 1 - October 31, 2005 32%
November 1, 2005 - December 31, 2008 35% On Taxable Income from All Sources
January 1, 2009 30% IC 191 6. Foreign Currency 10% On Gross Taxable Income on
Deposit Units (FCDU's) Foreign Currency Transaction
IC 055 b. Minimum Corporate Income Tax 2% On Gross Income not subjected to Final Tax
IC 041 5. National Gov't & LGU's
a. January 1 - October 31, 2005 32% On Taxable a. January 1 - October 31, 2005 32% On Taxable Income
November 1, 2005 - December 31, 2008 35% Income from November 1, 2005 - December 31, 2008 35% Other Than Foreign
January 1, 2009 30% Proprietary activities January 1, 2009 30% Currency Transaction
IC 055 b. Minimum Corporate Income Tax 2% On Gross Income
On Taxable
Income from within the Philippines
On Gross Income
Gross Philippine Billing
On Taxable Income
On Gross Taxable Income on
Foreign Currency Transaction
not subjected to Final Tax
On Taxable Income
Other Than Foreign
Currency Transaction