PH BIR Form 1701 2018-2024 free printable template

Republic of the Philippines Department of Finance Bureau of Internal Revenuer BIR BCS/ Use Only Item: BIR Form No. Annual Income Tax Return1701Individuals (including MIXED Income Earner), Estates

How to fill out bir form 1701 version

How to fill out bir form 1701 version

1. Obtain a copy of BIR Form 1701 version from the BIR website or your nearest BIR office.
2. Fill out the basic information section including your name, TIN, registered address, and contact details.
3. Provide the required details about your income including compensation income, business income, and other taxable income.
4. Compute your total taxable income by deducting allowable deductions and exemptions from your gross income.
5. Calculate the tax due using the applicable tax rates and the tax table provided by the BIR.
6. Determine if you have any tax credits or payments that can be applied to reduce your tax liability.
7. Fill out the applicable schedules if necessary, such as Schedule 1 for compensation income, Schedule 2 for business income, and Schedule 3 for other taxable income.
8. Review and double-check all the information filled out in the form to ensure accuracy.
9. Sign and date the form.
10. Submit the completed BIR Form 1701 version to the BIR office or through the online system, depending on the instructions provided.

Who needs bir form 1701 version?

1. BIR Form 1701 version is needed by individuals who are engaged in the following activities:
2. - Earning compensation income from employment
3. - Earning income from a business or profession
4. - Receiving income from other sources, such as rentals, dividends, or royalties
5. It is also required for individuals who are subject to tax under the graduated income tax rates, as opposed to those under the substituted filing system.

Video instructions and help with filling out and completing bir form 1701 version 2018 download

Instructions and Help about itr 1701 sample form

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What is 2013 bir 1701?

What is the purpose of BIR Form 1701? ... This Tax Alert is issued to inform all concerned on the availability of the enhanced Annual Income Tax Return (BIR Form 1701-January 2018) pursuant to Revenue Memorandum Circular No.

People Also Ask about bir form 1701 version 2018 download

What is BIR Form 1701 in Philippines?

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 ance with Sec. 51 of the Code, as amended.

What should I use 1701 and 1701A?

1701 is for those with mixed-income (eg. someone who is both a freelance writer and a teacher), while 1701A is for those whose income is only coming from his/her business or profession (eg. a full-time freelance writer or a bakery owner).

What is BIR Form 1701 quarterly?

BIR Form 1701Q, also known as Quarterly Income Tax Return For Self-Employed Individuals, Estates and Trusts (Including those with both Business and Compensation Income) is a tax return intended for professionals and self-employed individuals who are engaged in a sole proprietorship business.

What is BIR Form 1701 and 1701A?

The main difference between the forms is that BIR Form No. 1701 is for those with mixed-income (eg. someone who is both a freelance writer and a teacher), while 1701A is for those whose income is only coming from his/her business or profession (eg. a full-time freelance writer or a bakery owner).

What is the meaning of 1701?

What is this form? BIR Form 1701, also known as Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts is a tax form which summarizes all the transactions made over the tax calendar year.

For pdfFiller’s FAQs

Who is required to file bir form 1701 download?

Form 1701 is an income tax return for self-employed individuals, estates and trusts. Individuals, estates and trusts with tax liabilities must file the form 1701 with the Bureau of Internal Revenue (BIR) to report their taxable income and compute their taxes due.

How to fill out bir form 1701 download?

1. Visit the official website of the Bureau of Internal Revenue (BIR). 2. Download the BIR Form 1701. 3. Open the downloaded file and fill out the form. 4. Enter the required information into the form. 5. Make sure all the information is accurate. 6. After completing the form, print it out and sign it. 7. Submit the form to the appropriate BIR office.

What is the purpose of bir form 1701 download?

Bir Form 1701 is an income tax return used by individuals who are self-employed, professionals, and mixed-income earners. It is used to declare income, expenses, and other taxes due to the government. Downloading the form allows individuals to accurately and easily file their tax returns online.

What information must be reported on bir form 1701 download?

The information that must be reported on BIR Form 1701 (Annual Income Tax Return for Self-Employed Individuals, Estates and Trusts) includes the taxpayer’s name, TIN (Taxpayer Identification Number), registered address, date of birth, amount of gross income, allowable deductions, net taxable income, income tax due or overpaid, and tax credits. The form also requires an itemized list of amounts paid, as well as any taxes and other fees due from the taxpayer.

When is the deadline to file bir form 1701 download in 2023?

The deadline to file BIR Form 1701 for the year 2023 is on April 15, 2023.

What is the penalty for the late filing of bir form 1701 download?

The penalty for the late filing of BIR Form 1701 is a 25% surcharge on the tax due plus an interest of 20% per annum.

What is bir form 1701 download?

BIR Form 1701 is a tax form for annual income tax return for individuals, estates, and trusts. It is used to report the taxpayer’s total income, allowable deductions, and taxes due for the year. This form can be downloaded from the official website of the Bureau of Internal Revenue (BIR) in the Philippines.

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