Bir Form 1702 Rt Version 2018 Excel Format -
Your corporation's (Calendar Year or Fiscal Year)?
| Line | Field Name | Source | | :--- | :--- | :--- | | 14 | Tax Due | From Part IV, Line 43 | | 15 | Less: Total Tax Credits/Payments | From Part IV, Line 55 | | 16 | Net Tax Payable/(Overpayment) | Line 14 minus Line 15 | | 17 | Surcharge | Penalties (if applicable) | | 18 | Interest | Penalties (if applicable) | | 19 | Compromise | Penalties (if applicable) | | 20 | Total Penalties | Sum of Lines 17, 18, 19 | | 21 | TOTAL AMOUNT PAYABLE/(Overpayment) | Sum of Lines 16 and 20 |
Ensure your template features a formula that compares the Regular Corporate Income Tax against the Minimum Corporate Income Tax, automatically selecting the higher value as mandated by Philippine tax law. bir form 1702 rt version 2018 excel format
An Excel-based workspace acts as a pre-calculation clearinghouse. It allows businesses to organize financial statements, compute complex deductions, and eliminate structural math errors before mapping figures to official electronic platforms like the or the Electronic Filing and Payment System ( eFPS ) . 1. Understanding BIR Form 1702-RT (January 2018 Version)
Once you have prepared the data in Excel, you must transfer it to the official filing channel. Your corporation's (Calendar Year or Fiscal Year)
It tracks and computes deductible NOLCO from previous years.
This is a critical legal question. The BIR occasionally updates forms. However, as of this writing: It tracks and computes deductible NOLCO from previous years
The Annual Income Tax Return must be filed and paid on or before the 15th day of the 4th month following the close of the taxpayer’s taxable year (usually April 15 for calendar-year corporations).
Yes, unless the BIR releases a newer form version before your filing deadline. Monitor BIR RMC No. and eBIRForms update notices.
High-quality templates feature error-trapping cells. For example, if your total itemized deductions on the summary page do not match the sum of Schedule 3, the cell should turn red.
Comprehensive Guide to BIR Form 1702-RT (Jan 2018 v2018) in Excel Format