What is the purpose of BIR Form 1702?
BIR form 1702-RT, or also known as Annual Income Tax Return for Corporation, Partnership and Other Non-Individual Taxpayer Subject Only to REGULAR Income Tax Rate is a tax form which is filed by non-individual taxpayers whose earnings are subject to income tax rate of 30%.
What is the meaning of SLSP in BIR?
Summary Lists of Sales and Purchases
Also known as Summary Lists of Sales and Purchases, SLSP files support the third-party information program of the BIR via cross-referencing with the information presented in the taxpayer’s list of sales/purchases.
What is 1702 Ex BIR form?
January 2018 (ENCS) Page 1. Annual Income Tax Return. Corporation, Partnership and Other Non-Individual Taxpayer EXEMPT.
How do I file a Slsp BIR?
There are two ways in which you can file your SLSPs. First, you can hand it over to BIR manually in magnetic form using a 3.5-inch floppy diskette, CD or USB following a provided format together with the accomplished VAT RELIEF transmittal form.
Is BIR Form 2316 same as ITR?
Are ITR and BIR Form 2316 the same? No. Although the income tax return (ITR) and the BIR Form 2316 are often used interchangeably, they are two different tax forms. The ITR is a tax return, while the BIR Form 2316 is a certification of an employee’s income and taxes withheld.
How do I file a 1604 CF?
To generate BIR form 1604-CF, go to Payroll>Government Forms. Under Action,click Generate Form. The editable 1604-CF form will pop up. Note: All Background Information must be properly filled out.
Who is required to file Bir form no.1701?
BIR Form No. 1701 shall be filed by individuals who are engaged in trade/business or the practice of profession including those with mixed income (i.e., those engaged in the trade/business or profession who are also earning compensation income) in accordance with Sec. 51 of the Code, as amended. The annual income tax return summarizes all
When do I need to send my SLSP to the Bir?
SLSP list of both sales/purchases should be submitted on or before the 25th day of the month after the close of the taxable quarter. Please take note that your tax forms will be sent electronically to the BIR by 9 PM. Any forms that will be sent beyond that filing deadline will be transmitted within the next business day.
Who is required to file a SLSP form?
Who needs to file? SLSP files need to be accomplished by all VAT-registered taxpayers as per RR1-2012. Only those businesses with quarterly VAT net of goods/services which includes importation which goes over to one million pesos (1,000,000.00) are required to submit this list of purchases.
What kind of tax software does Bir use?
JuanTax is a Philippine-based cloud tax software which helps businesses in achieving compliance with the Bureau of Internal Revenue (BIR) when it comes to transactional taxes including VAT, Percentage Tax, and Expanded Withholding Tax.