: Includes details for sales, cost of services, itemized deductions, and reconciliation of net income per books against taxable income. Bureau of Internal Revenue Filing and Submission Guidelines
Only if you are filing an amended return for a tax year covered by 2018 rules (e.g., 2018, 2019, 2020, or FY starting in 2020). For current year filing, use the latest BIR form version.
While the BIR provides the Electronic Bureau of Internal Revenue Forms (eBIRForms) software for final submission, many accountants, auditors, and business owners heavily rely on an for preparation, computation, and internal auditing. bir form 1702 rt version 2018 excel format
Although the BIR released an updated 1702-RT in 2022 (aligned with EOPT and CREATE), taxpayers who need to file amended returns for tax years 2018, 2019, 2020, and part of 2021 must still use Version 2018 — because the legal basis and tax rates of those years differ from today’s rules. The BIR does not accept newer form versions for older taxable years.
: Aligned with the TRAIN Law, requiring simplified reporting compared to older versions. Alphanumeric Tax Code (ATC) : Primarily uses for domestic corporations subject to regular income tax. Version 1702-RTv2018C : Includes details for sales, cost of services,
BIR requires peso rounding (0.50 and above round up). Use: =ROUND(computation,0) on all final tax amounts.
If you are searching for the form specifically in an , it is essential to understand how the BIR provides its forms and what options are available. While the BIR provides the Electronic Bureau of
Below is a structured, informative essay that addresses the purpose, legal context, and practical considerations of using an Excel-based format for BIR Form 1702-RT (2018 version) in the Philippines.
Deductions allowed under specific laws.
While the Bureau of Internal Revenue (BIR) provides the official offline eBIRForms package and the Electronic Filing and Payment System (eFPS), many accountants, tax practitioners, and business owners heavily rely on a for preparation, internal auditing, and mock computations.