BIR Form 1702 RT is a comprehensive form that requires taxpayers to report their income, deductions, and credits. The form is divided into several sections, including:
BIR Form 1702 is a tax return form used by corporations, trusts, estates, and joint ventures to report their annual income and compute their income tax liability. The form is used to declare the taxpayer's gross income, deductions, and credits, as well as compute the net taxable income and income tax due. bir form 1702 rt version 2018 excel format
Includes Schedule 3 for the reconciliation of net income per books against taxable income, ensuring consistency with audited financial statements. BIR Form 1702 RT is a comprehensive form
Under the CREATE Law, the Minimum Corporate Income Tax (MCIT) is set at 1% (down from 2% pre-CREATE Law). bir form 1702 rt version 2018 excel format