You must file Form 1702-RT if you fall under the following categories:
: For institutions entirely exempt from income taxes under the national tax code or specialized laws.
| Section | Description | | :--- | :--- | | | Collects basic taxpayer details: TIN, RDO Code, registered name, address, date of incorporation, contact number, email address, and the chosen method of deduction (Itemized Deductions or Optional Standard Deduction - OSD). | | Part II – Total Tax Payable | Summarizes the final tax due, penalty calculations, and the total amount payable (or overpayment). The overpayment options are irrevocable. | | Part III – Details of Payment | Specifies how the payment was made (e.g., cash, check, debit memo). | | Part IV – Computation of Tax | The core of the form, this section calculates the tax due based on gross income, allowable deductions, and other schedules. | | Schedules (Part VI) | Provides detailed breakdowns for various items, including the Optional Standard Deduction (OSD) , Cost of Sales, Ordinary/ Special Allowable Itemized Deductions, Net Operating Loss Carry Over (NOLCO) schedule, Tax Credits/Payments, and other required attachments like the Audited Financial Statements (AFS) . |
For non-individual taxpayers subject only to the regular income tax rate, the Bureau of Internal Revenue (BIR) prescribes a specific form: . Specifically, this article focuses on the January 2018 (ENCS) version and, crucially, how to access its fillable Excel format for free, streamlining your tax filing process. bir form 1702 rt version 2018 excel format free
stands for "Annual Income Tax Return For Corporations, Partnerships and Other Non-Individual Taxable Under Regular Tax Rate."
Centavos are no longer required; amounts ending in .49 or less are rounded down, while .50 or more are rounded up.
If you are searching for a free download online, or building your own template, verify that the workbook includes these specific post-TRAIN and post-CREATE adjustments: You must file Form 1702-RT if you fall
Can I print the Excel format and submit it directly to the bank or BIR?
The January 2018 version (and later updates, including those adjusted for CREATE Law) is currently applicable, often processed through the BIR's eBIRForms platform. BIR Form 1702-RT 2018 Excel Format: Why Use Excel?
If you need assistance setting up your workbook, let me know. I can clarify , outline how to calculate MCIT vs. RCIT , or help you list required attachments for eAFS submission . Share public link The overpayment options are irrevocable
Companies paying the standard income tax rate (currently 25% under CREATE Law, or previous rates for older taxable years).
Submit the validated file through the eBIRForms platform.