Whether you are using the PDF, eBIRForms, or an Excel template, the information required is the same. Here is a breakdown of the major sections:
The is the annual income tax return filed by corporations, partnerships, and other non-individual taxpayers in the Philippines whose income is subject only to the regular income tax rate . Following major legislative updates like the CREATE Act, the Bureau of Internal Revenue modified this form to the BIR Form 1702-RTv2018C , which features updated corporate tax fields and requires manual computation of tax rates (typically 20% or 25%) depending on the business asset size and net income.
Filing can be done through several channels: bir form 1702 rt version 2018 excel format free
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Many accountants keep the Excel version as their and the eBIRForms output as the official filing . Whether you are using the PDF, eBIRForms, or
| Cell | Field | What to Enter | |------|-------|----------------| | B1 | Line 1 – Gross Sales/Revenues | Total sales less returns, discounts, and allowances | | B2 | Line 2 – Cost of Sales/Services | Direct costs (inventory, labor, materials) | | B3 | Line 3 – Gross Income (L1 – L2) | Auto-calculated | | B4 | Line 4 – Itemized Deductions | Rent, salaries, utilities, depreciation, taxes, etc. | | B5 | Line 5 – OSD (Optional Standard Deduction) | 40% of Gross Income (L3) – use only if not itemizing | | B6 | Line 6 – Allowable Deductions | Either L4 or L5, whichever applicable | | B7 | Line 7 – Taxable Income (L3 – L6) | Auto-calculated | | B8 | Line 8 – Income Tax Due | L7 × 25% (or 20% if qualified) |
If you are building your own sheet or verifying a downloaded free template, ensure the following core logic blocks are programmed into your cells: 1. Gross Income Calculation Filing can be done through several channels: #1702RT
A module within a tax compliance software (or a standalone web tool) that allows users to generate, populate, and export specific legacy Bureau of Internal Revenue (BIR) forms—specifically the 2018 version of Form 1702-RT (Return for Filing Information Returns)—directly into a downloadable, pre-formatted Excel file (.xlsx).